OilPrice
JUNE 9, 2025
Crude oil prices could decline below $50 a barrel this year, according to analysts from outlets including S&P Global. This will give American drivers much needed relief at the pump after years of gas price inflation. One reason for the hypothetical decline is what is widely seen as weakening demand growth. The IEA recently estimated this growth at below 1 million bpd this year, the weakest since the pandemic lockdown period.
Marcellus Drilling News
JUNE 9, 2025
The Center for Energy & Environmental Analysis (CEEA) claims it is a “non-partisan think tank” that studies energy and environmental trends and their impact on the future. Attached to the University of Texas at Austin, the CEEA is actually very partisan (Democrat) and anti-fossil fuel. However, the CEEA has done us all a favor. The.
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OilPrice
JUNE 9, 2025
Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin. The East African country has oil and gas resources, but development has stalled after UK-listed Tullow Oil failed to secure investor partners for a major oil project that has been years in the making.
Marcellus Drilling News
JUNE 9, 2025
Rob Wingo is the Executive Vice President for Corporate Ventures and Midstream at EQT Corporation. He has held the position of EVP for Corporate Ventures since September 2021. He added the Midstream responsibility in October 2024 following EQT’s closing on the purchase of Equitrans Midstream. Last week, EQT filed a notice with the Securities and.
OilPrice
JUNE 9, 2025
Iraq is on the brink of an economic breakdown as OPEC’s second-largest producer continues to rely mostly on oil exports for federal government revenues, analysts warned on Monday after official data showed that oil represents a whopping 91% of all federal budget revenues. Iraq’s federal revenues topped $107 billion (140 trillion Iraqi dinars) last year, data from the Ministry of Finance showed this weekend.
POWER Magazine
JUNE 9, 2025
Microgrids have grown in importance as the need for a reliable and resilient supply of power has grown. The technology has proven itself for a variety of commercial and industrial (C&I) enterprises, in both urban and rural areas where a source of off-grid—or in some cases grid-connected—energy is needed, whether a backup power or as a primary source of electricity.
OilPrice
JUNE 9, 2025
Sunnova Energy International Inc. (NYSE: NOVA) has filed for bankruptcy protection under Chapter 11 amid continued struggles to continue doing business as sales weaken and debts grow. Sunnova warned investors earlier this year that there was a “substantial doubt” about its ability to continue as a going concern.
Energy Aggregated brings together the best content for energy professionals from the widest variety of industry thought leaders.
OilPrice
JUNE 9, 2025
US residential solar financing has taken a sharp dive, with Mosaic, a top lender underwriting over $15?billion in home energy loans, filing for Chapter 11 bankruptcy on Monday. Founded in 2010, Mosaic enabled rooftop solar, battery storage, and efficiency upgrades for over 500,000 homeowners, but was struck hard by rising interest rates, uncertainties around federal Sections 25D and 48E tax credits, and tighter capital conditions.
Enverus
JUNE 9, 2025
At Enverus, we empower energy innovators with intelligent software that transforms complexity into clarity and decisions into results. Using our PRISM platform, we analyzed how our customers are outperforming the market in building successful power and renewables projects. By comparing Enverus customers to the broader market, we uncovered clear trends in project success metrics such as queue performance, pricing and interconnection decisions and land buildability.
OilPrice
JUNE 9, 2025
The upstream shale oil and gas sector has been written off by investors thanks to a 30% decline in oil prices since the first of the year. From near $80 in mid-January, tariff-led demand fears have overcome supply fears, and the price of WTI-the benchmark crude for most U.S. companies, to the upper $ 50s. Even a rebound into the low $60s has not yet assuaged these concerns, leaving them worried about their ability to generate cash for debt service and shareholder returns.
Oil & Gas 360º
JUNE 9, 2025
(BOE Report) – Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters. Investors have shown renewed interest in Argentina following Milei’s measures, which include sharp reductions in inflation and public spending, a restored fiscal surplus, and relaxed foreign exchange controls.
OilPrice
JUNE 9, 2025
Despite the lowest coal prices in Asia in four years, India’s coal power generation dipped in May to the lowest since the Covid lockdowns of 2020, as a lack of heatwaves and soaring renewable energy installations and generation pushed down coal demand in the electricity sector. To be sure, the share of coal in India’s power output remains above 70%, but at 70.7% in May, it was the lowest in three years, according to data from federal power grid regulator Grid India reviewed by Reuters.
Oil & Gas 360º
JUNE 9, 2025
(World Oil) – OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said. The producer group, of which Saudi Arabia is the de-facto leader, announced a third output increase of more than 400,000 bpd last month, bigger than previously planned.
OilPrice
JUNE 9, 2025
Companies in various industries are removing climate change and net zero language from their reports, the Wall Street Journal reported this month, lamenting the fact that corporates were “watering down” their commitments in the area. It may be temporary—or it may be the natural thing. Analysis of the proxy statements of a number of large businesses conducted by the WSJ showed that many of them were, it seems, less willing to discuss climate change and their response to it in as much detail as th
Marcellus Drilling News
JUNE 9, 2025
Last week, for the sixth week in a row, the Baker Hughes U.S. rig count dropped, down another four rigs to its lowest level since November 2021. It was the first time since September 2023 that the count has fallen for six (or more) weeks in a row. Free fallin’ However, the Marcellus/Utica count remained.
OilPrice
JUNE 9, 2025
Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. The sudden buying demand in the crude futures market has the potential to lead to a short-term rally in oil prices if CTAs rush to short covering. Last week, oil prices lodged another weekly gain, despite the announcement from OPEC+ that the group would continue to boost production in July with a
Oil & Gas 360º
JUNE 9, 2025
(Oil Price) – Trend-following commodity trading advisors (CTAs) could soon begin covering their significant short positions in oil, driving prices higher, according to Bank of America analysts cited by Investing.com. The sudden buying demand in the crude futures market has the potential to lead to a short-term rally in oil prices if CTAs rush to short covering.
OilPrice
JUNE 9, 2025
CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons. The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. In separate news, CNOOC said it had begun production at another field in the South China Sea.
Oil & Gas 360º
JUNE 9, 2025
(Oil & Gas 360) – HOUSTON, TX, June 09, 2025 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending (“RBL”) credit facility with Citibank, N.A., its lead arranger.
OilPrice
JUNE 9, 2025
The United States just saw one of its strongest quarters in solar capacity additions on record, but growth will slow down going forward due to the federal trade and energy policies, the Solar Energy Industries Association (SEIA) said on Monday. During the first quarter of the year, the U.S. solar industry installed 10.8 gigawatts direct current (GWdc) of capacity, down by 7% from Q1 2024 and a 43% decrease compared with Q4 2024, but still the fourth largest quarter on record, according to the qu
Oil & Gas 360º
JUNE 9, 2025
(World Oil) – Baker Hughes has reached an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company, a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. PSI, part of Baker Hughes’ Industrial & Energy Technology (IET) segment, includes the Druck, Panametrics and Reuter-Stokes brands.
OilPrice
JUNE 9, 2025
OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement which had a large output hike planned for last month. All 12 OPEC members produced 26.75 million barrels per day (bpd) in May, up by 150,000 bpd from April, a Reuters survey showed on Monday. The five OPEC members that have pledged cuts in the OPEC+ agreement and are now gradually unwinding these cuts had to raise their combined output by 310,000 bpd.
Oil & Gas Magazine
JUNE 9, 2025
La deuda de Pemex con proveedores afecta a Campeche y Tabasco, frena el empleo joven y evidencia una crisis económica nacional, advierte Rubén Moreira. La crisis financiera de Petróleos Mexicanos (Pemex), especialmente por su creciente deuda con proveedores, está afectando gravemente no solo a Ciudad del Carmen, sino a toda la región sureste del país, incluyendo Tabasco.
OilPrice
JUNE 9, 2025
Amazon Web Services (AWS) is doubling down on its AI ambitions with a $20-billion expansion plan to build two new data center campuses in Pennsylvania—including one directly adjacent to a major nuclear power plant, Reuters reports. AWS is targeting the deployment of multiple data centers over the next 10 years, and the buildout will be fueled by carbon-free nuclear power, making it one of the largest private-sector nuclear-backed energy deals in the U.S. to date, according to Reuters.
Rigzone
JUNE 9, 2025
SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.03 +0.7% Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS
OilPrice
JUNE 9, 2025
China’s coal imports slowed down markedly last month amid ample domestic supply, low prices, and rising generation from wind and solar. At 36.04 million tons, May coal imports were down from 43.82 million tons in April, customs data cited by Reuters showed. This is the third consecutive monthly decline in coal imports in the world’s largest importer of the commodity.
Rigzone
JUNE 9, 2025
SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.03 +0.7% Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS
OilPrice
JUNE 9, 2025
China has shifted from the world’s largest creditor nation to the globe’s biggest debt collector. Central Asian states owe billions to Chinese entities, but their geographic importance to Beijing is helping protect them from strong-arm repayment tactics. A report issued by the Australia-based Lowy Institute, Peak repayment: China’s global lending, charts China’s transition from “lead bilateral banker to chief debt collector of the developing world.
BOE Report
JUNE 9, 2025
Argentina’s mergers and acquisitions market could grow significantly in the coming years if President Javier Milei’s economic reforms continue, Juan Tripier, director of M&A and corporate finance at PricewaterhouseCoopers (PwC) Argentina, told Reuters.
OilPrice
JUNE 9, 2025
U.S. and Chinese delegations have arrived in the U.K. for talks aimed at patching up a fraying truce in an ongoing trade war between the world's two biggest economies. The US team leby The U.S. team led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer are due to meet with a Chinese delegation led by Vice Premier He Lifeng in London in a renewed effort to break the deadlock after last month’s Geneva talks failed to produce meaning
Rigzone
JUNE 9, 2025
SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $65.03 +0.7% Brent Crude $66.90 +0.65% Natural Gas $3.69 -2.62% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS
OilPrice
JUNE 9, 2025
International companies are not shunning Argentina anymore and exploring mergers and acquisitions (M&A) opportunities, including in the energy sector, as business-friendly reforms enacted by President Javier Milei have started to change the way investors look at South America’s second-largest economy.
Marcellus Drilling News
JUNE 9, 2025
OTHER U.S. REGIONS: Gulf of America oil and natural gas production expected to remain stable through 2026; Southern California air regulators weigh a plan to phase out gas furnaces, water heaters; INTERNATIONAL: Morgan Stanley says OPEC+ quota hikes yet to deliver oil surge; Oil rises as solid USA jobs data pushes algos to drop short.
OilPrice
JUNE 9, 2025
The head of the UN's nuclear watchdog has called on Iran and the United States to find a "diplomatic solution" in talks over Tehran's nuclear program as a crucial quarterly meeting at the International Atomic Energy Agency (IAEA). The IAEA's board of governors meeting is expected to hear and vote on a resolution finding Tehran in noncompliance with its safeguards for the first time in 20 years.
Oil & Gas Magazine
JUNE 9, 2025
Wasion ha producido 8 millones de medidores eléctricos, lo que lo convierte en el principal proveedor de la Comisión Federal de Electricidad (CFE) en México El Gobierno de Guanajuato anunció que la empresa china Wasion , especializada en medidores eléctricos, de telemedición, restauradores, sistemas de almacenamiento de energía, medidores de agua y software, invirtió 4.5 millones de dólares en la ampliación de su planta productiva en el municipio de Silao , acumulando 34.5 mdd en la entidad y la
OilPrice
JUNE 9, 2025
Despite export controls and curbs on some rare earth elements, China’s overall rare earth exports jumped by 23% in May compared to April, Chinese customs data showed on Monday. The exports for May, the second month following Chinese restrictions imposed in early April, were at their highest monthly level in a year. The data doesn’t distinguish among the various rare earth minerals, so it’s too early to say how much the export curbs hit the elements that are part of the restrictions.
Offshore Engineer
JUNE 9, 2025
EnergyPathways, an energy transition company, has selected Zenith Energy as a contractor for the Marram Energy Storage Hub (MESH), a project expected to be the U…
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