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...
The EIA reported Wednesday that commercial crude inventories climbed by 3.5 million barrels for the week that ended Jan. 24. That was the first weekly increase in 10 weeks, though domestic production edged lower.
The data were expected to show a crude supply climb of 2.6 million barrels on average, according to a survey of analysts conducted by S&P Global Commodity Insights. Late Tuesday, the American Petroleum Institute reported a crude inventory gain of 2.9 million barrels, according to a source citing the data.
Total domestic oil production fell by 237,000 barrels per day to 13.24 million bpd, the EIA said. Crude stocks at the Cushing, Okla., Nymex delivery hub added 300,000 barrels to 21 million barrels.
The report also showed a weekly supply increase of 3 million barrels for gasoline, while distillate inventories fell by 5 million barrels. The survey forecast an inventory increase of 1.4 million barrels for gasoline and a supply decline of 2.4 million barrels for distillates.
Demand for gasoline rose, with total finished motor gasoline supplied, a proxy for demand, at 8.302 million barrels per day in the latest week, versus 8.086 million bpd from a week earlier.
U.S. oil futures on Wednesday marked their lowest settlement price of the year so far after official data revealed a weekly rise in commercial crude inventories following nine consecutive weekly declines.
Oil traders, meanwhile, continued to weigh the outlook for demand — and the possibility that President Donald Trump will implement tariffs as soon as this weekend on Canada and Mexico that may disrupt the flow of crude supplies.
U.S. stocks finished lower on Wednesday after the Federal Reserve left its policy interest-rate target unchanged for the first time since delivering its initial rate cut in September.
At first, stocks declined after the Fed's decision was announced following the conclusion of the central bank's two-day January policy meeting. Major indexes added to their losses from earlier in the day.
The S&P 500 and Dow touched their lowest levels of the session as investors appeared to focus on language in the latest Fed policy statement that removed a reference to inflation steadily returning to the central bank's 2% target.
However, after taking the podium, Powell quickly clarified that this change wasn't intended as a policy signal, and stocks soon reversed. While major indexes still finished lower, they ended well off their session lows. And declines weren't nearly as severe as what followed the Fed's December policy meeting.
"After the market fireworks that followed the December meeting, when the committee pulled back on rate-cut expectations, this was a steady message of neutrality that should be received OK by markets," said Scott Helfstein, Global X's head of investment strategy, in emailed commentary.
Here's where major indexes finished up, according to FactSet data:
The S&P 500 was off by 28.39 points, or 0.5%, at 6,039.31.
The Nasdaq Composite fell by 101.26 points, or 0.5%, to 19,632.32.
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
Data centers across the United States are increasingly grappling with one of the most...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
Oklahoma City, OK – September 16, 2025 — In a market where many mineral...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
The International Energy Agency (IEA) has issued a stark warning that the world’s oil...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
Have your oil & gas questions answered by industry experts.