Oil & Gas

Energy markets start 2023 with biggest weekly dive in years

NEW YORK, Jan 6 (Reuters) – Energy futures for crude oil, refined products and natural gas have plummeted in the new year as traders reconsidered near-term worries over cold weather and fears of supply shortages and dumped contracts. Prices rose last year on worries of Europe freezing due to the loss of Russian fuel, as […]

Oil & Gas

EOG eyes flat Permian activity, tighter global oil supply in 2023

Jan 6 (Reuters) – U.S. shale producer EOG Resources Inc (EOG.N) on Friday said it anticipates its activity in the Permian Basin to be flat this year, as supplies and equipment remain expensive and as it focuses on shareholder returns. Global oil supply will likely tighten this year, Chief Executive Ezra Jacob said at a Goldman Sachs […]