ENERGY

Oil pries pumped and dumped back tro unchanged ahead of this morning's official inventory and supply data after hopeful (demand) signs of US-China trade talks battled with fearful (supply) signals from OPEC*+.

“There is a fear that the trade negotiations in Switzerland with China could backfire and turn into a demand destruction event,” said Robert Yawger, director of the energy futures division at Mizuho Securities USA. Building market sentiment that a rate-cut is not in the (more…)

Authored by Charles Kennedy via OilPrice.com,

The House Natural Resources Committee is preparing to launch an overhaul of oil and gas drilling legislation in a bid to boost drilling activity on federal lands via a surge in lease sales in key producing regions.

The changes are set to become part of the budget reconciliation bill to be discussed at a hearing later today. After the hearing, the bill will move on to the Senate, where Republicans have a majority. Per Reuters, the (more…)

Authored by Robert Rapier via OilPrice.com,

• For the first time, fossil fuels provided less than half of (more…)