By Georgina McCartney HOUSTON (Reuters) – Upstream oil companies wound down hiring in November, the Texas Independent (LON:) Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. WHY IT’S IMPORTANT Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an […]

By Georgina McCartney, Arathy Somasekhar and Enes Tunagur HOUSTON/LONDON (Reuters) -U.S. crude oil exports to northwest Europe are likely to slip early next year after hitting a record high in November, as the arbitrage for transatlantic shipments has slammed shut and freight rates have climbed, analysts said this week. The spread between U.S. West Texas

Investing.com — Natural gas prices in the U.S. and Europe have climbed in recent months, driven by supply and demand factors, including colder weather and geopolitical uncertainty. While this trend could continue for a while longer, BCA Research analysts say cyclical and structural factors argue against a sustained increase in prices. European benchmark prices hit a

By Scott DiSavino (Reuters) -U.S. energy firms this week kept the number of oil and rigs unchanged for the second week in a row, energy services firm Baker Hughes (NASDAQ:) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, remained at 589 in the

(Reuters) -U.S. President-elect Donald Trump said on Friday the European Union should step up U.S. oil and gas imports or face tariffs on the bloc’s exports that include goods such as cars and machinery. The EU already buys the lion’s share of U.S. oil and gas exports, according to U.S. government data. No extra volumes

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. futures closed up 6 cents, or 0.08%, at $72.94 a barrel. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.12%, at $69.46 per barrel. Both benchmarks

By David Lawder WASHINGTON (Reuters) -A trade-dispute panel ruled on Friday that Mexico’s restrictions on U.S. genetically modified corn exports violate the U.S.-Mexico-Canada Agreement, handing the Biden administration a major trade victory in its final weeks. The U.S. Trade Representative’s office said the USMCA dispute settlement panel ruled in favor of all seven U.S. legal

By David French (Reuters) -Northern Oil and Gas has made an acquisition offer for Granite Ridge Resources, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford (NYSE:), according to people familiar with the matter. Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite Ridge, the sources said, adding

(This Dec 20 story has been to remove the reference to China’s crude imports peaking as soon as 2025 in paragraph 9) By Arathy Somasekhar HOUSTON (Reuters) – Oil prices settled little changed on Friday as markets weighed Chinese demand and interest rate-cut expectations after data showed cooling U.S. inflation. futures closed up 6 cents,

By Kate Abnett and Julia Payne BRUSSELS (Reuters) – Governments hunting for ways to aid Europe’s struggling industries should take aim at the continent’s high energy taxes, which are eroding competitiveness, the head of Europe’s electricity lobby told Reuters. The European Union is drafting a package of measures to support flagging industries, due early next