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Demand is picking up as more and more people resume their normal lives after vaccination.
With West Texas Intermediate selling above $60 a barrel, drilling and pumping oil is profitable in the U.S. Permian Basin.
Even after the weather starts improving, this crisis’ effects are likely to linger and be felt far beyond the Lone Star State.
More than 500 oil- and gas-related firms have declared bankruptcy. The survivors are focusing on efficiency, and some plan a transition.
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.
OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.
It’s often cheaper to burn off the natural gas than it is to sell it.
Burning excess natural gas can be less costly than figuring out a way to use it, but the practice spurs climate change and hurts air quality.
The Atlantic Coast Pipeline is the subject of a U.S. Supreme Court case to be heard Monday.
“There’s alternate sources of oil supply in the market but no alternate sources of demand growth,” one analyst said.
