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By: Reuters – Italy plans to apply a 50% one-off windfall tax next year on surplus income of energy companies that have...
By: Salt Lake Tribune – No public land in Utah has been auctioned for oil and gas development since President Joe Biden...
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OilPrice.Com. There is considerable speculation that the end is drawing close for Colombia’s economically vital hydrocarbon sector. The Andean country’s petroleum industry...
Story By Jeffry Bartash, MarketWatch. Senior officials at the Federal Reserve, or Fed, expect smaller increases in interest rates will “soon be...
By: CNBC – Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron, and ConocoPhillips, saying a lack of transparency over their...
Story by Justin Jacobs, Financial Times. BP’s U.S. boss said Washington’s new climate law would put its green plans in the U.S....
According to data from the EIA Petroleum Status Report, crude oil inventories in the US fell by 11.473 million barrels in the week that ended June 13, 2025, the most in a year and more than market expectations of a 2.3 million barrel decrease.
Also, stocks in the Cushing, Oklahoma, delivery hub went down by 995 thousand barrels.
Among refined fuels, gasoline stocks rose by 209 thousand barrels and stocks of distillate fuels increased by 514 thousand barrels.
WTI crude oil July futures climbed 3 cents to $74.87 per barrel on Wednesday after rising to as high as $76 earlier in the session, while Brent Crude for August delivery closed down 24 cents, at $76.21 per barrel, trading as high as $77.43 during the session.
The Dow Jones Industrial Average gave up an almost 300-point gain to end lower, while the S&P 500 closed flat, on Wednesday after the Federal Reserve left interest rates unchanged and raised its inflation outlook for the year.
The Dow fell 44.14 points, or 0.1%, to close at 42,171.66, after losing a 294.27-point gain that sent it to a session high of 42,510.07 earlier in the day, based on preliminary data. Wednesday's closing level is the lowest since May 28.
The S&P 500 fell less than 2 points to finish flat at 5,980.87.
The Nasdaq Composite advanced 25.18 points, or 0.1%, to end at 19,546.27.
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...
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...
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Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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