FROM THE OIL PATCH

Australia’s largest oil and gas producer, Woodside Energy Group, announced Tuesday it’s scrapping its $5 billion clean-energy investment target by 2030, retiring its scope three emissions-abatement goal, and redirecting all capital toward LNG and fossil fuel expansion. Executive Vice President & Chief Operating Officer Australia Liz Westcott made the disclosure

Targa Resources Corp. just locked in one of the longest midstream commitments the Permian Basin has seen in years. The Houston-based company announced 20-year, fee-based agreements with ExxonMobil subsidiaries covering natural gas gathering, processing, treating, NGL transportation, and fractionation across both the Delaware and Midland sub-basins—deals structured to run through

Low-cost Appalachian and Canadian natural gas supplies coupled with lower-than-usual regional consumption have pushed down natural gas prices at a major New England pricing hub in recent months to trade at a discount to the widely cited U.S. benchmark, Henry Hub. Natural gas prices at Algonquin Citygate averaged 43 cents

Oil and 10-year Treasury yields are moving in near lockstep, with their correlation at its strongest since 2019. Higher oil could drive inflation and Treasury yields higher, tightening financial conditions and pressuring stocks and consumers. Strategists caution the unusually strong relationship may quickly unwind if geopolitical tensions ease or growth