Associated Press. Families hoping to catch a Southwest Airlines flight after days of cancellations, missing luggage, and missed family connections suffered through...
Story by Ines Ferré. From Yahoo Finance. Crude oil prices were on a roller coaster ride in 2022, going north of $130/barrel...
By: Reuters – The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic...
By: Midland Reporter-Telegram – There are many moving parts in putting together an oilfield deal. A new part added in recent years...
(Bloomberg) — Russia may reduce its oil output by 500,000-700,000 barrels a day in early 2023 in response to the Group of...
By: AP – Japan adopted a plan on Thursday to extend the lifespan of nuclear reactors, replace the old, and even build...
Scott DiSavino and Nia Williams – (Reuters) U.S. and Canadian natural gas production is expected to hit new records in 2023, but...
By Shankar Ramakrishnan, David French (Reuters) – Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their...
By: CNBC – The European Union Monday concluded two months of heated talks over how to protect households from rising energy prices...
HOUSTON, Dec 19 (Reuters) – The United States has become a global crude oil exporting power over the last few years, but...
U.S. crude oil prices climbed over 2% on Tuesday, retreating from higher levels as markets evaluated the potential for escalation following Iran's missile attack on Israel. The response highlighted a shift from previous market complacency about the conflict, with traders who had largely dismissed supply disruption threats now reassessing risks.
The key concern centers on Israel's potential response, particularly whether it might target Iran's nuclear facilities or oil infrastructure. With Iranian oil production at a five-year high of over 3 million barrels per day, analysts emphasize the need to consider scenarios where these supplies could be disrupted, marking a significant shift in market risk assessment.
Wall Street tumbled Tuesday in a tech-driven sell-off, buffeted by Iran's missile attack on Israel and a U.S. East Coast port workers' strike. The market's reaction reflected a complex landscape where defense and energy stocks rose amid Middle East tensions, while shipping-related and retail shares declined due to port closures. Safe-haven assets like the U.S. dollar, gold, and Treasuries gained traction, with oil prices initially surging 5% before moderating later in the session.
Despite attempts to recover from midday lows, similar to Monday's late rebound, buying enthusiasm remained subdued as volatility reached nearly one-month highs. The 10-year Treasury yield fell below Monday's levels, narrowing the yield curve that had been widening since the Federal Reserve's recent rate cut. This shift was driven by both the flight to safety and weak U.S. manufacturing data, highlighting investors' growing concerns about potential economic impacts, including possible goods inflation and supply chain disruptions affecting retailers, railroads, and auto companies.
Here's where the major benchmarks ended:
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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,...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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