Heatwaves this summer and expected natural gas shortages this winter are driving gas prices higher and higher in Europe. Europe’s benchmark gas...
From OilPrice.com. In February this year, The Guardian published exclusively a report by two non-profits that detailed the participation of the world’s...
As Central Texas continues to weather record-setting heat and some of the worst drought conditions seen in more than a decade, The...
By: Reuters – A third gas pipeline between Spain and France would cost at least 3 billion euros ($3 billion) and take...
From Hart Energy: Continental Resources Inc. promoted Doug Lawler on Aug. 18 to serve as president and COO. Lawler joined Continental in...
Brent oil will bounce back to $125 a barrel by the end of 2022, UBS said Wednesday. Brent has dropped 25% since...
By: Reuters – Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in U.S. crude...
By: Sam Meredith – CNBC – New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to...
Saudi Arabia’s sovereign-wealth fund ramped up its bets on US big-cap stocks in the second quarter. The Public Investment Fund poured more...
Story from RigZone. Jet fuel demand has come back with a vengeance, despite the recent bout of Covid-19, and should continue to...
Crude oil stocks finished 2023 down 10% for the year, the lowest year-end levels since 2020. Geopolitical turmoil and worries about the oil production levels were the primary causes.
The Saskatchewan government says its natural gas utility is to stop collecting the carbon levy as of Monday from residential customers.
The move comes after Prime Minister Justin Trudeau exempted those who use home heating oil from paying the levy, mostly benefiting residents in Atlantic Canada.
Saskatchewan asked for the exemption to cover all other forms of heating, but Ottawa denied the request. In response, the province said it would stop collecting the charge at the start of 2024.
Dustin Duncan, the minister responsible for SaskEnergy, said the due date to pay the levy to the federal government is the last day of February.
Should SaskEnergy not remit those dollars, it would be breaking federal law and executives could face fines or jail time.
Saskatchewan passed legislation that aims to shield executives from legal consequences, putting that burden on the province.
The Israeli military announced on Monday that it will begin withdrawing several thousand troops from Gaza at least temporarily, in what would be the most significant publicly announced pullback since the war began.
The military cited a growing toll on the Israeli economy following nearly three months of wartime mobilization with little end in sight to the fighting. Israel has been considering scaling back its operations, and the United States has been prodding it to do so more quickly as the death toll in Gaza continues to rise. More than 20,000 people have been killed in Gaza since the beginning of the war, according to local health authorities.
(Friday market close)Hopes that the S&P 500 index (SPX) could establish a new all-time high in 2023 faded with the old year Friday as major U.S. equity benchmarks lost ground on December's final trading day. Still, the SPX managed to post its ninth-straight winning week and finished up 24% for the year after falling more than 19% in 2022. Friday's close left the index just 0.4% below its record close of 4,796 posted on January 3, 2022.
Like other large-cap benchmarks, the S&P 500 turned in a strong year behind outsized gains in the biggest technology stocks, propelled by excitement over artificial intelligence (AI). While AI might've been the biggest theme of the year, the Federal Reserve's recent pivot toward possible interest rate trims in 2024 crushed a long rally in Treasury yields, helping interest-rate-sensitive small caps and financials participate in the late-2023 rally as well.
Optimism also stemmed from hopes the Fed can navigate a "soft landing" for the economy that avoids recession even as inflation growth continues to slow. Investors eagerly await the December Nonfarm Payrolls report scheduled January 5 for the latest read on the U.S. economic picture. Here's where the major benchmarks ended:
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...
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...
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...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
Have your oil & gas questions answered by industry experts.