(Bloomberg) — Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as...
By: S&P Global – China’s refineries will cut clean oil product exports in February as domestic demand in January was better than...
Hart Energy – Staff Story. Elk Range Royalties LP closed its acquisition of Permian Basin mineral and royalty interests from Tower Rock...
By: Reuters – Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over supply but the...
FROM ZACKS Investment Research. An Unprecedented Commodity Event. A little more than two years ago the commodity market shocked the world. In...
STORY BY Darren Barbee, Oil and Gas Investor. Coal company Alliance Resource Partners LP is upping its oil and gas mineral acreage...
By: S&P Global – Amid declining forecasts for US oil and natural gas consumption, a different story is being told in the...
By Greg Avery – Senior Reporter, Denver Business Journal. Fracking company Liberty Energy doesn’t expect a possible recession this year to derail demand for...
By: YahooNews – Oil giant BP released a report Monday predicting that the world would sharply reduce its reliance on the company’s...
OilPrice.com. Over the past two years, global energy companies have enjoyed record profits amid high commodity prices, with the International Energy Agency...
The Israeli government and President Trump’s Middle East envoy said on Thursday that they were recalling the teams that had been negotiating on a Gaza cease-fire with Hamas, ending for now the hope for the return of some of the last surviving hostages from the terrorist attack on Israel nearly two years ago.
Steve Witkoff, the president’s special envoy, said in a statement that the latest response to an offer of a deal from Hamas’s surviving leadership showed “a lack of desire to reach a cease-fire in Gaza.” He added that “we will now consider alternative options to bring the hostages home and try to create a more stable environment for the people of Gaza,” without specifying what those alternatives might include.
(Reuters) - Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron (CVX.N) will gain U.S. approval to renew production in Venezuela.
Brent crude futures settled at $69.18 a barrel, up 67 cents or 0.98%. U.S. West Texas Intermediate crude futures finished at $66.03 a barrel, up 78 cents, or 1.20%.
Crude fell in early afternoon trade on news that U.S. President Donald Trump's administration was preparing to allow limited oil operations in sanctioned OPEC nation Venezuela.
Earlier in the session, WTI had been up more than a dollar and Brent crude came near that level.
"The news about Chevron being able to go back into Venezuela and get oil going again just took the knees out of the market," said John Kilduff, partner at Again Capital LLC.
Even so, Kilduff said the market did not expect the Trump administration would open up Venezuela to other U.S. oil companies.
"This is a unique one-off," he added.
Another day, another record for the S&P 500 and Nasdaq Composite.
The S&P 500 eked out a 0.1% gain, marking its fourth straight record finish, while the Nasdaq Composite gained 0.2% for a second straight all-time high close. The Dow Jones Industrial Average — which finished just 0.01% away from a record on Wednesday — retreated around 316 points, or 0.7%, weighed down in part by a drop of more than 7% by IBM Corp.
Favorable results from Google parent Alphabet Inc. alongside a boost to its capital-spending plans helped provide support, while a drop in first-time weekly jobless claims and a favorable reading on activity in the U.S. services sector were also cited as positive factors. But rate-sensitive sectors lagged behind, noted Jose Torres, senior economist at Interactive Brokers, as Treasury yields ticked up and a manufacturing-activity gauge disappointed.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
Data centers across the United States are increasingly grappling with one of the most...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
Oklahoma City, OK – September 16, 2025 — In a market where many mineral...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
The International Energy Agency (IEA) has issued a stark warning that the world’s oil...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
Have your oil & gas questions answered by industry experts.