By: Barrons – Germany will have to take on more debt than expected in 2023 to combat an energy crisis that has...
By: Reuters – Oilfield services provider Petrofac Ltd (PFC.L) said on Tuesday that Sami Iskander would step down as chief executive officer...
By: FT – Saad al-Kaabi, Qatar’s energy minister and chief executive of its national oil and gas group, has crisscrossed the globe...
HART ENERGY. MIDLAND, Texas—Double Eagle Energy has amassed almost a couple billion in equity commitments for its Double Eagle IV strategic partnership...
By: The National Observer – Canada won’t agree to add language calling for the phaseout of all fossil fuels – including oil...
By: WP – Iron Horse Midstream has announced its plans to construct a new, 200 million ft3/d gas cryogenic processing plant on...
By: Wall Street Journal – Dwindling stockpiles of diesel have driven prices to a record premium over gasoline and crude oil, showing...
Story by Emily Patsy, Hart Energy: Diamondback Energy Inc. continued to add onto its position in the Midland portion of the Permian...
By: Reuters – Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in...
Bob Campbell, Odessa American, Texas. Observing its 10th anniversary as a publicly traded company, Diamondback Energy had a successful third quarter and...
U.S. stocks finished lower on Wednesday after the Federal Reserve decided to leave interest rates unchanged, but Chair Jerome Powell said no decision has been made yet on whether policymakers are ready to cut interest rates in September.
The Dow Jones Industrial Average lost 171.71 points, or nearly 0.4%, to end at 44,461.28, according to preliminary data from FactSet. The blue-chip index has fallen for three consecutive trading days.
The S&P 500 was off 7.96 points, or 0.1%, at 6,362.90.
The Nasdaq Composite rose 31.38 points, or 0.2%, ending at 21,129.67.
The U.S. central bank on Wednesday left rates unchanged for a fifth straight meeting, keeping them in a range of 4.25-4.5%. But Powell, in his post-meeting press conference, mentioned risk of persistent inflation as a result of President Donald Trump's tariff plans. He also said the Fed is prepared to maintain a wait-and-see stance when it comes to delivering rate cuts.
As a result, the odds of a September rate cut moved down substantially after the press conference. Fed-funds futures traders saw a 45% chance of a September cut, down from around 63% earlier in the day, according to the CME FedWatch Tool.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose this week, adding 1.539 million barrels in the week ending July 25. This is a stark contrast to the expected 2.5 million barrel draw that analysts had expected.
The Federal Reserve left its benchmark interest rate unchanged for the fifth straight meeting amid tremendous pressure from President Donald Trump to reduce borrowing costs.
For the first time since 1993, two of the seven members of the Fed’s board of governors dissented.
Fed Govs. Christopher Waller and Michelle Bowman voted in favor of a rate cut. They have expressed concern that the labor market is weakening underneath the surface.
In a statement Wednesday, the Fed said the latest data show economic activity “moderated” in the first half of the year. The labor market remains solid, the committee said.
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...
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...
Trying to catch up in oil and gas production is difficult enough. It becomes...
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