U.S. stocks edge higher as earnings season kicks off, producer inflation runs hot
U.S. stock index futures tiptoed higher early Wednesday, shaking off premarket weakness seen after disappointing...
U.S. stock index futures tiptoed higher early Wednesday, shaking off premarket weakness seen after disappointing earnings from JPMorgan Chase & Co., as investors also weighed data showing wholesale inflation continues to run hot.
Stock-market bulls are looking for corporate earnings reports to take the focus away from the surge in inflation that has ratcheted up Federal Reserve interest rate-hike expectations and has sent Treasury yields sharply higher so far this year.
EIA—Haynesville natural gas production reached a record high in late 2021
New highs in dry natural gas production in the second half of 2021 were recorded in the Haynesville...
New highs in dry natural gas production in the second half of 2021 were recorded in the Haynesville shale play in northeastern Texas and northwestern Louisiana according to the U.S. Energy Information Administration.
The EIA said production has remained relatively strong in early 2022 and the Haynesville natural gas production accounted for nearly 13% of all U.S. dry natural gas production in February 2022.
Haynesville is the third-largest shale gas-producing play in the United States and an area where Oklahoma-based Chesapeake Energy continues to be active. ~Source: OK Energy Today
Record Permian Well Permits Point to Growing U.S. Oil Supply - Bloomberg
Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin,...
Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices, according to Rystad Energy.
A total of 904 horizontal drilling permits were awarded last month in the shale patch that lies beneath Texas and New Mexico, an all-time-high, Rystad said. The four-week average of 210 approved permits for the week ending April 3 was also a record.
World’s Largest Oil Trader To Completely Phase Out Russian Crude
Commodity major Vitol plans to wind down its activities involving Russian crude oil by the end of the...
Commodity major Vitol plans to wind down its activities involving Russian crude oil by the end of the year, Bloomberg has reported, citing a spokesman for the company. Trade with Russian oil "will diminish significantly in the second quarter as current term contractual obligations decline," the spokesman said, adding, "we anticipate this will be completed by end of 2022".
Crude rebounds on latest China COVID-19 lockdown news
China’s move to ease its COVID-19 lockdown of Shanghai sent crude oil prices up by more than 6% in...
China’s move to ease its COVID-19 lockdown of Shanghai sent crude oil prices up by more than 6% in Tuesday’s trading. Both U.S. and global benchmark crude posted their highest finish in a week.
West Texas Intermediate crude for May delivery rose $6.31 or 6.85% and settled at $100.60 a barrel in trading on the New York Mercantile Exchange. WTI had dropped 4% on Monday and the front prices had not been above $100 since April 5.
Global benchmark Brent crude rose 6.3% or $6.16 a barrel to finish at $104.64 on ICE Futures Europe, the highest finish in a week.
Natural gas for May delivery went up 0.6% to finish the day at $6.68 per MMBtu.
