OPEC+ has confirmed that it will proceed with its planned April 2025 oil production increase, marking the first output hike since 2022....
by Bloomberg|Ari Natter|The Senate voted Thursday to repeal a new US fee on climate-warming methane emissions from oil and gas producers, sending the...
With a polarizing shift in U.S.-Ukraine relations, President Donald Trump and Ukrainian President Volodymyr Zelensky have reached a first-of-its-kind agreement for joint...
Oklahoma lawmakers are looking to revamp bonding requirements for oil and gas producers, aiming to address the growing problem of abandoned wells...
Oil prices jumped as much as 2% on today after President Donald Trump revoked a key license allowing Chevron to operate in...
David Wethe – (Bloomberg) — Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of...
by Zack Budryk | The HILL | The Environmental Protection Agency (EPA) will proceed with Biden-era plans to allow the year-round sale of...
In a decisive move reflecting the current administration’s energy priorities, the Senate voted 54-44 on Tuesday to repeal a regulation that imposed...
The Western Anadarko Basin in Oklahoma has long been a cornerstone of U.S. oil and gas development. Over the years, it has...
Stroy By Nicole Jao| NEW YORK (Reuters) – Top U.S. refiners are poised to seek alternative sources for heavy, sour crudes, including...
(Reuters) - Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red Sea, while U.S. copper tariffs loomed.
Brent crude futures settled up 4 cents, or 0.06%, to $70.19 a barrel. U.S. West Texas Intermediate crude settled up 5 cents, or 0.07%, to $68.38 a barrel.
After months of calm in the Red Sea, attacks in the major global shipping lane were renewed in the past week. Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm.
Oil prices were also supported by an EIA forecast on Tuesday that the U.S. will produce less oil in 2025 than previously expected, as declining prices have prompted U.S. producers to slow activity.
On Tuesday, U.S. President Donald Trump said he would impose a 50% tariff on copper, aiming to boost U.S. production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.
U.S. stocks finished higher on Wednesday, with a surge in shares of Nvidia Corp. propelling the Nasdaq Composite to a fresh intraday and closing record.
The Dow Jones Industrial Average rose over 200 points, or 0.5%, to end near 44,458, according to preliminary data from FactSet.
The Nasdaq Composite was up 0.9%, to end at around 20,611, a new all-time closing high.
The S&P 500 advanced 0.6%, to finish near 6,263.
Federal Reserve minutes from the central bank's June policy meeting were a focus, hinting that rate cuts this year looked likely as of the meeting last month.
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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