Zephyr Energy readying to production test completed well in Paradox Basin

Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures

Zephyr Energy PLC has acquired oil and gas assets to aid development of its Paradox basin gas project in Utah. The assets will allow Zephyr to substantially reduce capital required to build the necessary gas export infrastructure for

Oil surged near $83 a barrel on indications the OPEC+ alliance is considering slashing production by more than 1 million barrels a day to revive plunging prices when it meets this week. A reduction of that magnitude would

Oil rose more than 1% on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar. Analyst expectations

Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. Brent crude futures were up 56 cents, or 0.6%,

Zephyr Energy plc, a Rocky Mountain oil and gas company focused on responsible resource development through carbon neutral operations, continues preparations for extended production testing of its successfully drilled and completed State 16-2 LN-CC well. All applicable applications

Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks’ aggressive rate hikes and China’s COVID-19

Global oil prices were higher today ahead of OPEC+ meeting later in the day. Oil prices rose more than $2 a barrel to $95.44 a barrel, extending Friday’s gains. Analysts are divided whether the Organization of the Petroleum

Oil futures tilted higher in Asian trade with US crude off January 26 lows, while Brent climbed from February 18 lows, as the dollar index scaled July 14 highs.  It comes ahead of a spate of US data

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in U.S. oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.