By: Reuters – China’s daily crude oil throughput rose to a one-year high in November, official data showed on Thursday, as refiners...
Story By Philip Elliott – TIME. When Joe Biden was a candidate to be his party’s nominee for President, he ran as...
By: Reuters – OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside...
From MarketWatch. The U.S. Department of Energy on Tuesday announced a breakthrough in ongoing research for nuclear fusion, long heralded for its...
By: Carlsbad Current-Argus – Some of the Permian Basin’s largest oil and gas producers announced plans to continue increasing extraction operations and...
By: The Hill – JPMorgan Chase CEO Jamie Dimon on Sunday warned that the fallout of Russia’s invasion of Ukraine on oil and...
OilPrice.com Earlier in the year, supertanker freight rates hit record levels as traders scrambled to park crude in storage to take advantage...
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Adrian Hedden, Carlsbad Current-Argus. An estimated 1,700 oil and gas wells sit abandoned in New Mexico, potentially spewing pollution in the state’s...
From BusinessWire. Williams entered agreements Dec. 8 with Coterra Energy and Dominion Energy Virginia to establish the first next-generation natural gas certification...
Oil futures finished higher Thursday, a day after the U.S. benchmark saw its lowest settlement of the new year, as traders continued to weigh the possibility that President Donald Trump will implement tariffs on Canada and Mexico, which are among the biggest sources for U.S. oil imports.
Traders also looked ahead to an upcoming meeting of ministers from OPEC+ - made up of the Organization of the Petroleum Exporting Countries and its allies - and their possible response to President Trump's recent call for increased production.
🟢 West Texas Intermediate crude CL00 for March delivery CL.1 CLH25 edged up by 11 cents, or nearly 0.2%, at $72.73 a barrel on the New York Mercantile Exchange. The front-month WTI contract ended Wednesday at its lowest since Dec. 31.
🟢 March Brent crude BRNH25, the global benchmark, rose 29 cents, or 0.4%, at $76.87 a barrel on ICE Futures Europe. The more actively traded April contract BRN00 BRNJ25 settled at $75.89 a barrel, up 28 cents, or 0.4%.
🟢 February gasoline RBG25 tacked on nearly 0.1% to $2.04 a gallon, while February heating oil HOG25 added 0.9% to $2.48 a gallon.
🔴 Natural gas for March delivery NGH25 settled at $3.05 per million British thermal units, down 3.9%, after gaining 1.5% Wednesday.
U.S. stocks closed higher Thursday despite a brief late-session pullback, as investors waited for President Trump to potentially deliver an announcement on the tariff front.
The Dow Jones Industrial Average added 168.61 points, or 0.4%, to end at 44,882.13, or 0.3% away from its record close on Dec. 4, according to Dow Jones Market Data.
The S&P 500 index gained 31.68 points, or 0.5%, closing at 6,071.17, and the Nasdaq Composite added 49.43 points, or 0.3%, finishing at 19,681.75.
Shares of megacap tech companies were still mixed for the week after a sharp rout on Monday that hammered Nvidia Corp.
Focus also was on more tech earnings on deck after the bell, with investors taking in stride the Federal Reserve's latest message of being in no rush to cut interest rates further.
The Nasdaq briefly turned negative heading into the closing bell, as investors reacted to comments from Trump about him potentially making a decision soon to apply harsh tariffs on Canada and Mexico on Feb. 1.
Brazil’s Petrobras saw its proven oil and gas reserves increase by 500 million barrels last year, from 10.9 billion barrels to 11.4 billion barrels, the company said this week as quoted by Reuters.
As much as 85% of this total was in the form of crude oil and condensates with the remainder natural gas, Petrobras also said. The company also added 1.3 billion barrels of oil equivalent to its total reserves, while production came in at 900 million barrels of oil equivalent.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
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by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
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by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
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