ENERGY

By Tsvetana Paraskova of OilPrice.com

The Biden Administration will soon allow year-round sales of E15, gasoline with higher ethanol content, but only from 2025, to avoid potential regional spikes in gas prices ahead of the presidential (more…)

By David Messler of OilPrice.com

Summary:

• Devon Energy seeks to fill gaps in its Bakken acreage through potential merger with Enerplus.

• Enerplus' high-productivity assets and low lease operating costs make it an attractive target for Devon.

• Shareholder dissatisfaction looms amidst Devon's past acquisitions and declining stock performance.

The merger and acquisition deals are coming in the shale patch, at a rate almost too fast to document. Last (more…)

Oil prices extended gains overnight after API reported big product draws (which offset a large crude build) and on geopolitical concerns rising once more after Israel launched an extensive wave of attacks in Lebanon, Israel Defense Forces spokesperson Daniel Hagari said on social media Wednesday.

Additionally, OPEC’s top official said Tuesday that global oil demand is set to expand strongly, while a monthly outlook from the group revealed limited compliance with the members’ (more…)