By Myra P. Saefong and William Watts Oil futures moved lower on Tuesday as investors continued to monitor the outlook for demand amid uncertainty over the global economic outlook. Price action Market drivers Crude remains lower for the month, with pressure tied to worries that aggressive tightening by major central banks, including the Federal Reserve, […]

Russia’s decision to invade Ukraine one year ago sent economic shock waves throughout Russia, Europe, and across the globe. The United Kingdom and members of the European Union (EU) – along with United States, Australia, Canada and Japan – agreed to participate in a variety of actions designed to reduce revenues to Russia from the […]

(The Center Square) – The Texas oil and natural gas industry once again led the U.S. in oil and natural gas production and lowered emissions. It also ranked first in industry job growth, wages, payroll and Gross Regional Product (GRP) nationwide. States that ranked second weren’t even close by comparison, a new report published by The Texas […]

Natural gas futures rose on Thursday despite little change in the supply/demand backdrop of the market. Although the latest storage data were bullish, prices were higher before the report was published, and the print didn’t detract from what likely will be growing surpluses later this month. The March Nymex gas contract reached a $2.529 intraday […]

BP plc, one of the first majors committed to reducing oil and natural gas production in the transition to net-zero carbon, has reversed course to ensure global energy security. The goal to cut fossil fuels output to net-zero carbon by 2050 remains in place. However, Russia’s invasion of Ukraine and other global events have reduced […]