Rigzone Oil & Gas Headlines
- Rainfall is expected to bring some relief to a fast-moving wildfire that ripped through the Rocky Mountain resort town of Jasper.
- Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles.
- Henry Hub natural gas prices have crashed back toward $2 on storage concerns, BofA analysts noted in a BofA Global Research report sent to Rigzone.
- Twenty-five Republican attorneys-general lodged a joint plea before the Supreme Court for an emergency stay of new power emission rules that they fear may shut down generation plants running on fossil fuels.
- A U.S. election victory for former president Donald Trump could send oil prices lower, according to some prominent Wall Street banks.
- Rigzone conducts exclusive interviews with the ex-IPAA Chief Economist, the Manager of Policy and Communications at the IER, and the President of Transversal Consulting to examine the topic.
- The partnership 'has the potential to leverage up to GBP 60 billion [$77.1 billion] of private investment into the UK's drive for energy independence', according to the government.
- In tweets and campaign memos, Republican are resurfacing Harris' previous anti-fracking stance.
- Oil prices rose as an equity market rally carried futures prices out of an earlier slump.
- Crude oil stocks in the U.S., not including the SPR, were at 436.5 million barrels on July 19, according to the EIA.