gas

Ukraine drone attacks are increasingly targeting Russian infrastructure, and at the top of the list are oil and refining installations. Could this have a knock-on impact on gasoline prices in the U.S.? In the last two days, two Russian fuel depots have been damaged — one critically — in separate...

Despite the Biden administration's ambitious climate goals, the oil and gas industry in the United States has seen unprecedented growth and profitability. The top 10 listed oil and gas producers in the US have reported a combined net income of $313 billion in the first three years of President...

The potential re-imposition of U.S. sanctions on Venezuela’s oil and gas sectors could significantly impact the country’s oil revenue, energy investments, and domestic fuel supply, according to industry experts. What Happened: The U.S. has ordered a cessation of all business...

Oil prices fell on Wednesday after U.S. inventory data showed gasoline and distillate stocks grew strongly for a second week, while crude stocks also rose. In early afternoon trade, Nymex WTI, which had been more than 1% higher earlier, fell back to $72.30 a barrel to leave it flat on the day....

As the economy evolves in 2024, the materials sector might witness a turnaround, boosted by robust supply-demand dynamics. While the sector had a sluggish performance in 2023 amid recession concerns, it could see a positive shift this year. Fidelity, with a keen eye on areas displaying strong...

The International Energy Agency (IEA) has projected an enduring slowdown in oil demand until 2024, a viewpoint that starkly clashes with the optimistic forecasts of the Organization of the Petroleum Exporting Countries (OPEC). What Happened: As reported by CNBC on Thursday, the IEA perceives a...

The COP28 Presidency released a proposed climate deal text on Wednesday, emphasizing a significant shift from fossil fuels to combat climate change. What Happened: Reuters reports that this development marks a first in the COP summit’s three-decade history, proposing “transitioning...

CNBC market analyst Jim Cramer outlined the critical financial events and earnings disclosures anticipated in the upcoming week, spotlighting oil and gas companies such as Coterra Energy Inc. (NYSE: CTRA) and Diamondback Energy, Inc. (NASDAQ: FANG),...

Sunoco LP (NYSE: SUN) reported third-quarter FY23 revenues of $6.32 billion, which exceeded the consensus of $5.54 billion. The partnership sold 2.1 billion gallons of fuel (+7% Y/Y), with the fuel margin for all gallons sold coming in at 13.0 cents per gallon (vs 13.9 cents per...

CNX Resources Corp (NYSE: CNX) reported third-quarter FY23 adjusted net sales decline of 25% year-over-year to $357 million, missing the consensus of $388.93 million. Adjusted EPS was $0.35, above the consensus of $0.32. Q3 operating margin was 27%, down from 34% in 3Q22. Cash...

Could the price of oil potentially reach $100 per barrel? This question is currently at the forefront of investors’ minds in the current market landscape with WTI oil trading around $92 per barrel and Brent oil sailing above $95. This psychological milestone could be a cause for concern for a...

Gas prices have been creeping up again as travel demand remains high, and the Saudi government announced new oil production cuts. But, according to an English mechanic from the Walsall Wood Tyre Service, there are a few simple things you can do to save some gas money.  Drive With The Windows...

With Quiver Quantitative’s recent institutional holdings data, we can see that several hedge funds and asset managers have been increasing their holdings in Texas Pacific Land Corporation (NYSE: TPL). Firms such as State Street Corporation, Bank of America, and Citadel have all...

Volkswagen AG (OTC: VWAGY) (OTC: VLKAF) reportedly said it is prepared for Europe's scheduled 2035 ban on new sale of fossil-fuel cars as the German automotive manufacturer ramps up its electric vehicle lineup. Volkswagen will be able to reduce its battery expenses via a 50% drop in cost...

Australia’s Victoria state bans natural gas connections to new properties, igniting global energy transition discussions, Bloomberg reports in an opinion piece by David Fickling. The ban, proposed by Victoria’s left-wing state Premier Daniel Andrews, is seen as a step towards net-zero...