By: Reuters – Oil prices rose by more than 2% on Wednesday after Moscow said that peace talks with Ukraine had hit...
By: Bill Holland – S&P Global Market Intelligence – Labor shortages were the primary factor limiting oil and gas production growth in...
DUBAI (Reuters) – A decision driven by Saudi Arabia that OPEC+ should stop using oil data from the West’s energy watchdog (the...
By: Christopher Helman – Forbes – Before its war in Ukraine, Russia was producing about 11 million barrels per day of crude...
When oil and gas wells are shut down and abandoned, dangers to local communities and the environment linger. Story Credit: Carlsbad Current-Argus,...
By: Myra P. Saefong – MarketWatch – Natural gas futures settled Thursday at their highest price since December 2008, with a rise...
Discussion on the future price of oil seems to be a very contentious topic these days. The die-hard bulls will focus on the...
By: Los Angeles Daily News – The Los Angeles City Council voted unanimously on Tuesday, April 4 to support a state Senate...
By: J. Robinson – S&P Global Platts – Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling margins...
Record high prices at the fuel pump aren’t slowing Americans down. By Justin Jacobs, Energy Source newsletter from The Financial Times –...
Oil prices fell on Wednesday after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about 2% this week as traders factored in the continuing conflict in the Middle East.
Brent crude futures settled at $74.96, down $1.08, or 1.42%. U.S. West Texas Intermediate crude futures settled down 97 cents, or 1.35%, to $70.77.
U.S. crude inventories rose by 5.5 million barrels to 426 million barrels in the week ended Oct. 18, the Energy Information Administration reported on Wednesday, exceeding analysts' expectations in a Reuters poll for a 270,000-barrel rise.
"The large crude oil inventory build this week is offsetting last week's drop. But a lot of this is a result of the rebound in crude oil imports, which had to do with the hurricane," said Andrew Lipow, president of Lipow Oil Associates, referring to the previous week's drawdown due to lower imports and demand post-Hurricane Milton.
The Dow Jones Industrial Average and S&P 500 finished lower for a third straight session on Wednesday, joined by the Nasdaq Composite, as investors fretted about rising Treasury yields and the possible outcome of the Nov. 5 presidential election.
The Dow Jones Industrial Average finished down by 409.94 points, or almost 1 %, at 42,514.95, based on preliminary data. That's the biggest one-day decline since Sept. 6. The Dow briefly dropped by as much as 631.72 points during Wednesday's trading, and finished at its lowest closing level in about two weeks.
The S&P 500 Index closed down by 53.78 points, or 0.9%, at 5,797.42. That was the index's worst one-day performance since Oct. 7.
The Nasdaq Composite ended down by 296.47 points, or 1.6%, at 18,276.65. Wednesday's closing level was the lowest since Oct. 8.
It sounds like something out of a Netflix crime drama, but this one’s all...
In a stark reminder of the volatile energy landscape and the relentless drive for...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
After months of tough negotiations and political tension, the United States and Ukraine have...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of...
Have your oil & gas questions answered by industry experts.