By: Reuters – Russia’s decision to cut its crude oil production by 500,000 barrels per day reflects its inability to sell all...
Bernd Debusmann Jr – BBC News. A public meeting that was meant to ease fears about a toxic chemical train spill in...
By: Diana Furchtgott-Roth – Forbes – Pipelines are the safest way to transport oil and natural gas because the pipeline stays still...
(Bloomberg) — Texas is investigating why pipeline operator Targa Resources Corp. failed to report an unexpected release of tons of natural gas...
By: Reuters – OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months, citing...
By: Reuters – There is no need for the OPEC+ group of oil-producing nations to meet earlier than scheduled, the United Arab...
Story from The Conversation. More than 2 million miles of natural gas pipelines run throughout the United States. In Appalachia, they spread like...
By: Reuters – Germany and Oman are in advanced talks to sign a long-term deal for liquefied natural gas (LNG) lasting at...
Story by OilPrice.com. Crude oil prices spiked on Friday morning as Russia announced plans to cut its oil production by 500,000 bpd...
Story By Guy Faulconbridge and Vladimir Soldatkin (REUTERS). The Kremlin said on Feb. 9 the world should know the truth about who...
U.S. stocks finished lower on Wednesday, with the Dow Jones Industrial Average posting its worst day in over four months after the Federal Reserve decided to lower its benchmark interest rate by 25 basis points but reduced its forecast for further rate cuts in 2025.
The Dow Jones fell 1,123.03 points, or 2.6%, to end at 42,326.87. The blue-chip index fell for a 10th straight session, logging its longest losing streak since October 1974, according to Dow Jones Market Data.
The S&P 500 was off 178.45 points, or nearly 3%, to finish at 5,872.16. The large-cap index suffered its largest one-day point decline since 2020 and its largest one-day percentage fall since Aug. 5, according to Dow Jones Market Data.
The Nasdaq Composite tumbled 716.37 points, or nearly 3.6%, ending at 19,392.69. It was the largest one-day percentage drop for the tech-heavy index since July 24, according to Dow Jones Market Data.
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.
In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of 4.25%-4.5%, initiating its third consecutive rate cut of 2024 despite signs that inflation isn’t entirely going away.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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