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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...
By: AP – The U.S. Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production...
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Business Insider: Two ships with their trackers turned off sailed near the leak sites of the Nord Stream 2 pipelines just days...
By: EPA.gov – January Environmental Services, Inc., January Transport, Inc., and company-owner Cris January will pay civil penalties of $1.9 million and...
The Apache Corp. says the Permian Basin was a key player in its successful third quarter with newly acquired properties in the...
Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October...
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.
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Trying to catch up in oil and gas production is difficult enough. It becomes...
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Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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