MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return...
By: Adrian Hedden – Carlsbad Current-Argus – Denver-based oil and gas company Sitio Royalties continued to up its presence in the Permian...
By: Bloomberg – Germany’s presidential palace in Berlin is no longer lit at night, the city of Hanover is turning off warm...
The US government wants to crack down on Iranian oil smugglers, according to the Wall Street Journal. Iranian oil reportedly trades at...
Shipwrecks and unexploded bombs, Story credit: by Rachel Millard, published in The Telegraph, via Yahoo. Captain Ellis was below deck in bed...
By: Bobby Magill – Bloomberg Law – The tax and climate deal struck by Sens. Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.)...
(Bloomberg) — At a time when natural gas buyers are fighting over every last molecule, China — the world’s top importer of...
By: Mike Lee – EnergyWire – Oil field jobs, which plummeted during the pandemic and recession two years ago, haven’t recovered even...
The surge in US gas prices has caused demand destruction, a new survey by the American Automobile Association shows. The AAA found...
By: Reuters – The Kremlin said on Tuesday that a repaired gas turbine for Nord Stream 1, Russia’s biggest gas pipeline to...
(Reuters) - Oil prices fell to over two-month lows on Wednesday after bearish supply guidance from the U.S. government and the International Energy Agency, while investors eyed U.S. President Donald Trump's threat of "severe consequences" if Russia's Vladimir Putin blocked peace in Ukraine.
Brent crude futures settled down 49 cents, or 0.7%, to $65.63 a barrel. During the session, it dropped to $65.01 a barrel, the lowest since June 6.
U.S. West Texas Intermediate crude futures fell 52 cents, or 0.8%, to $62.65 a barrel. The contract fell to $61.94 a barrel during the session, the lowest since June 2.
U.S. crude stocks rose by 3 million barrels to 426.7 million barrels, the Energy Information Administration said on Wednesday. Analysts in a Reuters poll had expected a 275,000-barrel draw.
Net U.S. crude imports rose last week by 699,000 barrels per day, EIA said.
All three major stock indexes finished higher on Wednesday, with the S&P 500 and Nasdaq Composite climbing to fresh records despite bouts of weakness, as traders boosted the chances of 2025 interest-rate cuts.
Questions over the timing of the first reduction may have played some role in holding back the extent of the S&P 500 and Nasdaq's gains. Fed-funds futures traders currently expect the Federal Reserve to begin cutting rates in October, which some people regard as being too late.
Separately, U.S. government debt rallied across the board, sending 2- and 10-year Treasury yields to their lowest levels in about a week.
The Dow rose 463.66 points, or 1%, to finish at 44,922.27, based on preliminary data. It fell short of closing above the 45,014.04 level that was needed to reach a new record.
The S&P 500 advanced 20.82 points, or 0.3%, to end at 6,466.58, surpassing the previous record of 6,445.76 reached on Tuesday. Wednesday's level was the index's 17th record close of the year.
The Nasdaq Composite rose 31.24 points, or 0.1%, to close at 21,713.14. That's above the previous record of 21,681.90 set on Tuesday. Wednesday's level was the Nasdaq's 20th record close of 2025.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
Have your oil & gas questions answered by industry experts.