By: Hart Energy – The U.S. Energy Information Administration (EIA) slashed its 2023 estimate for the benchmark WTI average price by 10.6%...
By: Hobbs News-Sun – Keeping the No. 1 spot among the nation’s counties, Lea County hit the record books again, logging almost...
Story from Hart Energy, via Yahoo News. The roots of oil and gas’ looming talent challenge began with the end of the...
Bloomberg. Russian President Vladimir Putin’s plans to squeeze Europe by weaponizing energy look to be fizzling at least for now. Mild weather,...
MEXICO CITY (Reuters) – The leaders of the United States, Canada and Mexico are due to hold a summit next week, where...
RigZone.com. BP plans to invest $7 billion in its Gulf of Mexico business by 2025, according to a new report published by...
From Barron’s. Shell, Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the...
From Reuters: OPEC will likely take steps to boost oil prices, which started the year in free-fall, the chief executive of top shale producer Pioneer...
Story By Andrew Baker, NaturalGasIntel. An increasingly small percentage of oil and natural gas wells is supplying the majority of U.S. production,...
From Hart Energy. Talos Energy kicked off 2023 with the announcement of commercial deepwater discoveries in the Gulf of Mexico that will...
U.S. stocks ended lower on Friday after President Donald Trump threatened to impose a 35% tariff on imports from Canada, with investors concerned about more potential tariff announcements over the weekend.
The Dow Jones Industrial Average went down 279.13 points or 0.6% to end at 44,371.51 on Friday, snapping back-to-back gains, according to Dow Jones Market Data. The index ended 457.02 points, or 1% lower for the week, snapping a three-week winning streak.
The S&P 500 fell 20.71 points or 0.3% to close at 6259.75, also snapping back-to-back gains. The index lost 19.60 points or 0.3% this week, snapping a two-week winning streak.
The Nasdaq Composite declined 45.14 points or 0.2% to finish at 20,585.53. It was down 15.57 points or 0.08% for the week.
(Reuters) - Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.
Brent crude futures settled at $68.64 a barrel, down $1.55, or 2.21%. U.S. West Texas Intermediate crude finished at $66.57 a barrel, down by $1.81, or 2.65%.
On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., pressuring his Brazilian counterpart Luiz Inacio Lula da Silva over Brazil's trial of former President Jair Bolsonaro over charges of plotting a coup to stop Lula from taking office in 2023.
Higher interest rates make borrowing more expensive and can slow demand for oil.
OPEC+ oil producers are set to approve another big output boost for September, as they complete unwinding voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota.
However, OPEC+ indicated it may pause output hikes in October because of a possible peak in oil demand, said Phil Flynn, senior analyst with Price Futures Group.
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...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
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...
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