By: Reuters – China’s daily crude oil throughput rose to a one-year high in November, official data showed on Thursday, as refiners...
Story By Philip Elliott – TIME. When Joe Biden was a candidate to be his party’s nominee for President, he ran as...
By: Reuters – OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside...
From MarketWatch. The U.S. Department of Energy on Tuesday announced a breakthrough in ongoing research for nuclear fusion, long heralded for its...
By: Carlsbad Current-Argus – Some of the Permian Basin’s largest oil and gas producers announced plans to continue increasing extraction operations and...
By: The Hill – JPMorgan Chase CEO Jamie Dimon on Sunday warned that the fallout of Russia’s invasion of Ukraine on oil and...
OilPrice.com Earlier in the year, supertanker freight rates hit record levels as traders scrambled to park crude in storage to take advantage...
By: Frontier India – Since the United States enforced sanctions against Russia, the dollar is perceived as an unreliable trading currency. Countries...
Adrian Hedden, Carlsbad Current-Argus. An estimated 1,700 oil and gas wells sit abandoned in New Mexico, potentially spewing pollution in the state’s...
From BusinessWire. Williams entered agreements Dec. 8 with Coterra Energy and Dominion Energy Virginia to establish the first next-generation natural gas certification...
Oil futures finished higher on Friday, with news of tighter U.S. sanctions on Iran and Russia having the potential to disrupt global crude supplies.
U.S. crude prices gained for the week—their first in eight weeks—as traders continued to monitor rising trade tensions and their impact on the economy and oil demand.
-- West Texas Intermediate crude climbed 63 cents, or nearly 1%, to settle at at $67.18 a barrel on the New York Mercantile Exchange. According to Dow Jones Market Data, Prices increased by 0.2% for the week based on the front-month contract.
-- May Brent crude rose 70 cents, or 1%, to $70.58 a barrel on ICE Futures Europe. It tacked on 0.3% for the week.
-- April gasoline added 0.7% at $2.1487 a gallon, up 1.9% for the week, while April heating oil rose 0.2% to $2.1666 a gallon, but posted a weekly loss of 2.2%.
-- Natural gas for April delivery settled at $4.104 per million British thermal units, down 0.2% for the day and losing 6.7% for the week.
The U.S. stock market closed sharply higher on Friday in a big, broad rebound to mark the end of a bruising week that saw the S&P 500 land in correction territory amid tariff worries.
The S&P 500 climbed 117.42 points on Friday, or 2.1%, to finish at 5,638.94.
The Dow Jones Industrial Average rallied 674.62 points, or 1.7%, to close at 41,488.19.
The Nasdaq Composite jumped 451.07 points, or 2.6%, to end at 17,754.09.
For the week, the Dow fell 3.1%, the S&P 500 shed 2.3% and the technology-heavy Nasdaq dropped 2.4%. The Dow booked its biggest weekly loss since March 2023, while the S&P 500 and Nasdaq each dropped a fourth straight week for their longest losing streaks since August, according to Dow Jones Market Data.
Most of the contiguous US will face severe weather today and tomorrow as a vast low-pressure system moves east across the continent, bringing heavy precipitation, potential tornadoes, and wildfire conditions. The National Weather Service’s Storm Prediction Center issued a moderate risk (level 4 of 5) for severe thunderstorms alert, a rare call made three days in advance (the first in three years).
In a stark reminder of the volatile energy landscape and the relentless drive for...
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by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
After months of tough negotiations and political tension, the United States and Ukraine have...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
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