By: Reuters – Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record U.S....
By: Business Insider – Aides to President Joe Biden were enraged when Saudi Arabia’s Crown Prince Mohammed bin Salman abandoned a secret...
From Business Insider: The US housing market isn’t just slowing down, it’s in the early stages of a major correction. With mortgage...
By: The New York Times – The war in Ukraine is raging, Russian natural gas exports to Europe are dwindling and the...
Relations between the U.S. and Saudi Arabia may have plunged to a new low after the kingdom cut oil production in defiance...
By: Reuters – Saad al-Kaabi, the head of Qatar’s state-run energy company, said on Monday all oil and gas trade should be...
Deutsche Bank on Oct. 21 said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans...
By: Reuters – U.S. natural gas futures fell to their lowest since March on Thursday, after a federal report showed a larger-than-expected...
By: NGI – An unprecedented number of LNG vessels are floating offshore Europe as regasification terminal congestion and whipsawing prices further complicate...
Rick Newman –Yahoo Finance. Thank god for the elections! With the 2022 midterms imminent, President Biden has decided to release more oil...
U.S. benchmark oil prices on Monday looked to end the month higher, buoyed by threats to global supplies, but they were still registering a loss for the quarter as the Trump administration's plan to implement reciprocal tariffs on Wednesday raised the potential for demand destruction.
President Donald Trump might call April 2 “Liberation Day,” but for oil bulls, it could shape up more like “correction day,” said Stephen Innes, managing partner at SPI Asset Management. “If sentiment surveys prove self-fulfilling and the hard U.S. data rolls over, crude could make a beeline south before you can say ‘demand destruction,’” he said.
On Monday, U.S. benchmark West Texas Intermediate crude for May delivery closed up $2.12, at $71.48 a barrel on the New York Mercantile Exchange. Based on the front month, prices were trading roughly 2.5% higher for the month, but down about 0.3% for the quarter.
Brent Crude for May delivery closed up $1.11 at $74.74 a barrel, while Natural Gas for May closed up 5.4 cents, at $4.119 MMBtu, after hitting a high for the day of $4.25.
Despite mainly moving higher on Monday, U.S. stocks ended lower for both March and the first quarter of 2025, as investors remain concerned about the uncertainty brought by President Donald Trump's tariff plans.
The Dow Jones Industrial Average fell 542.46 points or 1.3% this quarter, ending at 42,001.76. It lost 1,839.15 points or 4.2% in March, while the index was up 417.86 points or 1% on Monday.
The S&P 500 slid 269.78 points or 4.6% this quarter to finish at 5,611.85, recording its most significant quarterly percentage decline since the third quarter of 2022. The benchmark fell 342.65 points or 5.8% in March, recording its largest monthly percentage decline since December 2022. It rose 30.91 points or 0.6% on Monday.
The Nasdaq Composite dropped 2,011.50 points or 10.4% this quarter to close at 17,299.29, recording its largest quarterly point and percentage declines since the second quarter of 2022. The tech-heavy index shed 1,547.99 points or 8.2% in March, posting its largest monthly percentage decline since December 2022. It was down 23.70 points or 0.1% on Monday.
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...
Have your oil & gas questions answered by industry experts.