Over the past two decades, the U.S. shale revolution has dramatically transformed the global energy landscape. Advancements in hydraulic fracturing and horizontal...
(UPI) — The Department of Interior on Thursday released an analysis of fossil fuel deposits showing an additional 1.30 billion barrels of...
By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans to increase the use of a technique that...
In the wake of President Donald Trump’s re-election in November 2024, his administration swiftly implemented a series of aggressive tariff measures aimed...
by Andreas Exarheas|RigZone.com| In a market update sent to Rigzone by the Rystad Energy team late Monday, Rystad warned that, in the...
by Andreas Exarheas|RigZone.com|Where next for oil prices? That’s the question Stratas Advisors looked at in a Stratas report sent to Rigzone by the...
As oil prices sink to their lowest levels in four years and the risk of a global recession grows, Canadian oil and...
Chevron Corporation has announced plans to lay off approximately 600 employees at its former headquarters in San Ramon, California, as part of...
Story by Darrell Proctor | PowerMag.com | Officials in Pennsylvania have announced the redevelopment of a former coal-fired power plant site into...
The Permian Basin, long celebrated as the crown jewel of America’s shale revolution, is confronting a pivotal moment. As this prolific oilfield...
Hurricane Francine strengthened suddenly and unexpectedly on Wednesday afternoon, just ahead of a projected landfall southwest of New Orleans. The storm lashed southern Louisiana with heavy rain and wind, setting off tornado warnings across a region whose residents have been scarred by powerful disasters.
Officials urged people who had not evacuated to stay inside for their safety as the storm brought strong winds, surging seas and the risk of flash flooding. The governor of Louisiana warned that some in the state could be without power “for some time” after Francine moves through.
All three major stock indexes scored large intraday comebacks on Wednesday, helped by dip-buyers, overcoming earlier weakness seen following the release of the August consumer-price index.
Based on preliminary data, the Dow Jones Industrial Average finished up by 124.75 points, or 0.3%, at 40,861.71. It had been down by as much as 1.8% at its session low.
The S&P 500 closed up 58.61 points, or 1.1%, at 5,554.13 after falling as much as 1.6% during the day.
The Nasdaq Composite ended up by 369.65 points, or 2.2%, at 17,395.53. It had declined as much as 1.4% earlier on Wednesday.
According to Dow Jones Market Data, the Dow's and S&P 500's comebacks rank as the largest since Oct. 13, 2022. The small-cap Russell 2000, which finished up by 0.3% at around 2,104, also saw its biggest intraday comeback in almost two years.
The Nasdaq's comeback was the biggest since March 15, 2023, and Wednesday's rise represents the index's best CPI-day performance since Nov. 14.
The Dow Jones Industrial Average was tumbling on Wednesday morning, down nearly 600 points, or 1.4% as investors digested a hotter-than-expected August core inflation reading that may derail the chance of a jumbo interest-rate cut by the Federal Reserve next week.
Fed-funds futures traders saw an 85% chance that the Fed will lower its rate by a quarter percentage point to a target range of 5% to 5.25% in September. The chance of a half percentage point move fell to 15% from 34% a day ago, according to the CME FedWatch Tool.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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