Industry News

Oil tumbled to the lowest levels since early January as long-term headwinds overwhelmed the positive sentiment from a strong US jobs report.

Shell's highest earnings in its 115-year history announced in the 2022 financial report have drawn the ire of politicians, unions, policy analysts, and the public.

Texas will face a fourth day grappling through an ice storm that has caused power outages, grounded flights, and triggered deadly accidents on slippery roads.

Gas prices in Australia already spiked 400 percent above normal levels in 2022, and this year's winter is just around the corner.

Shell natural gas business can grow after record profits in 2022, as the global thirst for the fuel shows no signs of slowing, said CEO Wael Sawan.

U.S. production capacity for renewable diesel could more than double from current levels by the end of 2025, based on several announcements for projects that are either under construction or could start development soon.

In 2021, U.S. proved reserves of crude oil and lease condensate increased 16% from 2020, totaling 44.4 billion barrels, according to our recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2021 report. Proved rese…

On December 23, 2022, natural gas consumption in the U.S. Lower 48 states reached a daily record high of 141.0 billion cubic feet (Bcf), according to estimates from S&P Global Commodity Insights. The previous record was 137.4 Bcf, set on January 1, 2018. …

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, a 32% increase from 2020, according to our recently released Proved Reserves of Crude Oil and Natural Gas in the United States, Year-End 2…

Natural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state increased rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, w…