energy prices – Oil & Gas 360

The global electricity price divide: Who pays the most?

January 6, 2025

(Oil Price) – Electricity prices were a popular topic in global headlines in 2024. President-elect Donald Trump ran a campaign based on promises to slash energy prices for United States consumers. Ukraine is facing a brutal winter with punishing electricity costs on top of its already stressed and war-stricken economy. Europe is facing ever-higher rates of energy poverty and is desperately seeking solutions. But while problems surrounding

U.S. inflation cooled in August thanks to lower energy prices

September 11, 2024

Oil Price Falling oil and gasoline prices, along with the rest of the energy complex, helped to slow down the annual rate of inflation in August. According to AAA data, gasoline prices averaged $3.253 per gallon on Wednesday, down from $3.445 a month ago and $3.832 a year ago. According to Bureau of Labor Statistics data released Wednesday, the gasoline index declined 0.6%

Oil Dips on Demand Concerns After IMF Cuts Growth Outlook- oil and gas 360

U.S. oil drilling, output moving higher with energy prices

April 14, 2022

Nasdaq U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia’s invasion of Ukraine. Prices are up 70% year-over-year,

Energy prices surge on Ukraine crisis with oil closing in on $100

February 22, 2022

World Oil (Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday. European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline.

Energy prices lift BP profits to 8-year high

February 8, 2022

Yahoo Finance LONDON – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending on low carbon energy. BP’s rebound to an annual profit of $12.85 billion after a large loss in 2020, is likely to add to

Energy prices jump as millions left without power in Texas

February 16, 2021

CNBC Energy prices jumped Tuesday as a deep freeze in the South boosted demand for fuel and hampered production. More than 4 million people were without power across Texas on Tuesday morning, according to poweroutage.us, as the electric grid couldn’t keep up with heightened demand, forcing utilities to implement rolling blackouts in some cases. “The majority of heating needs are

Exxon raises $9.5 billion to load up on cash while debt market still open to new deals

April 14, 2020

Reuters NEW YORK – Exxon Mobil Corp on Monday raised $9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster its finances while debt markets remain open to new deals. Exxon paid a lower price to borrow than it did in a similar debt deal almost four weeks ago, a sign of how investor confidence is

The World's Coming Mega-Population Centers and the Energy They Will Need

Crude Oil Expected to Lead a 25% Increase in Energy Prices Next Year

October 21, 2016

The World Bank ups its forecast for crude oil prices ahead of OPEC’s November meeting The World Bank increased its forecast for crude oil prices next year to $55 per barrel from $53 as members of OPEC prepare to establish a production cap. The recovery in crude oil prices is expected to lead a wider recovery in the price of

Exclusive interview Oil & Gas 360 - Wyoming Governor Matt Mead

An OAG360® Exclusive: Interview with Matt Mead, Governor of Wyoming

April 10, 2015

“Energy prices touch everything we do.” Listen to the interview Wyoming is the most energy intensive state. It’s the largest U.S. coal producer, producing about 40% of total coal mined per year in the U.S. It’s the country’s eighth most productive oil state, and it’s sixth in natural gas production. This week Oil & Gas 360® had an opportunity to talk

Oil Prices bring new thinking to Energy Companies

What are Energy Companies Thinking as they Head into 2015?

December 15, 2014

Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been coming out of similar meetings before a global oil price slide which began in the summer of 2014. Midstream companies presenting at

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