by Bloomberg| Nathan Risser | The trade in fossil fuels across borders peaked in 2017 and is set to decline as nations seeking energy security...
The recent U.S. decision to impose a 25% tariff on steel and aluminum imports is set to significantly impact the oilfield services...
By Bloomberg |Alex Longley, Jack Wittels| The manager of an oil tanker on fire near the UK said the vessel spilled jet...
As construction, labor, and borrowing costs continue to climb, several U.S. liquefied natural gas (LNG) producers are looking to renegotiate higher prices...
By Alex Kimani for Oilprice.com | Three years ago, Europe suffered one of its biggest energy crises in modern history following Russia’s...
LITTLETON, Colorado, (Reuters) – Energy product traders, utilities, investors and business executives are among those scrambling to assess the likely impact of...
JON GAMBRELL Associated Press | DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco reported a $106.25 billion profit in 2024...
The Osage Minerals Council has taken a firm stand against the Department of Government Efficiency’s (DOGE) proposal to terminate the lease for...
Oilfield theft has become a major concern in Texas, where the energy industry remains a critical pillar of the state’s economy. Criminal...
OPEC+ has confirmed that it will proceed with its planned April 2025 oil production increase, marking the first output hike since 2022....
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13 after analysts had estimated a 600,000-barrel draw. The API reported a 337,000 barrel inventory decrease in the prior week.
In a post on Truth Social, Trump wrote that the US knows where Iranian leader Ayatollah Ali Khamenei is “hiding,” calling him an “easy target” but saying he will not be killed, “at least not for now.” He also demanded Iran’s “unconditional surrender” as it traded airstrikes with Israel for the fifth day. Trump’s escalating rhetoric came as the US moved more warships into the Middle East in what officials said was a defensive position. The president also posted, “We now have complete and total control of the skies over Iran,” but it was unclear if that meant the US was directly involved in the conflict. Trump is reportedly weighing using US military assets to strike Iran.
U.S. stocks finished lower on Tuesday, giving back most gains from the previous session, as investors feared that an escalation of tensions between Israel and Iran could trigger deeper U.S. involvement in the Middle East conflict.
The Dow Jones Industrial Average fell nearly 300 points, or 0.7%, to end near 42,215, according to preliminary data from FactSet.
The S&P 500 was off 0.8%, to finish at around 5,982.
The Nasdaq Composite slumped 0.9%, ending near 19,521.
U.S. President Donald Trump on Tuesday called on Iran to surrender without conditions to bring an end to the conflict with Israel, fueling fresh worries on Wall Street that the White House is on the verge of joining Tel Aviv's military strikes against Tehran.
The surge in oil prices picked up steam on Tuesday. West Texas Intermediate crude for July delivery was up over 4% to trade at $74.84 a barrel, while August Brent crude, the global benchmark, also rose around 4.4%, at $76.45 a barrel, according to FactSet data.
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
A-list actors are turning their attention to Wall Street, and this time, the plot...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
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