By David French NEW YORK (Reuters) – ConocoPhillips (NYSE:) is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the sector picks up pace. Houston-based Conoco, the largest U.S. oil and gas…

By Arathy Somasekhar HOUSTON (Reuters) -Oilfield and liquefied supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment. Baker Hughes in recent years has benefited from a boom in global demand for LNG and the race to build…

By Stephanie Kelly and Alex Lawler NEW YORK (Reuters) – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according to flows data and analysts. Going forward, the level…

Investing.com –  Crude prices fell 2% Thursday, reversing the previous day’s gain, on signs that Israel was acceding to international calls to hold back from a ground invasion of Gaza, as world powers worked to limit casualties and also negotiate the release of some 200 Israeli hostages held by Hamas.…

By Erwin Seba HOUSTON (Reuters) -Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same time that U.S. demand showed signs of weakening. futures were down $2.28, or 2.53%, at $87.85 a barrel by 12:40 p.m. CDT (1740 GMT),…

In response to the potential impact of escalating Middle East conflicts on global oil prices, the Biden administration is currently exploring a range of strategies. As of today, one key approach under consideration involves engaging with Saudi Arabia and domestic oil producers to increase oil supply. Another option on the…

Gold prices experienced a slight increase today, influenced by the ongoing Israel-Gaza conflict and anticipation of key US economic indicators, including the US third-quarter GDP figures and the PCE price index. increased by 0.7% to $1,983.89 per ounce, while US rose by 0.5% to $1,995.20. Indicators such as the and…

CARACAS (Reuters) – Venezuela’s attorney general Tarek Saab said on Wednesday his office has launched a criminal investigation into the opposition’s weekend presidential primary on accusations of electoral violations, financial crimes and conspiracy and will interview two members of the organizing committee. The opposition has said repeatedly that the vote…

Investing.com – US stocks rose above the consensus of Wall Street analysts, with an unexpected rise at the federal level and at the storage hub tied to the delivery of contracts traded on the New York Mercantile Exchange, a government report showed Wednesday. The build in crude inventories for the…

By Leah Douglas WASHINGTON (Reuters) – The U.S. Department of Agriculture on Wednesday issued long-awaited final regulations to standardize living conditions of organic livestock and require that chickens raised organically have regular access to outdoor pasture. The rule will close loopholes that allowed some organic egg producers to meet outdoor…