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Andreas Exarheas|RigZone. Fitch Solutions Country Risk & Industry Research has revealed that it has made a “substantial” upward revision to its gasoline...
OXFORD, England (Project Syndicate)—With images of Russian aggression and war crimes in Ukraine continuing to dominate the media in Europe and around...
Myra P. Saefong – FROM MARKETWATCH ~ Natural-gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb...
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From RigZone by Bojan Lepic|~ Saipem 7000, Saipem’s giant semi-submersible crane vessel, has tilted in a fjord in Norway with 275 people aboard....
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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...
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U.S. stocks finished higher on Monday as Wall Street geared up for a busy week packed with quarterly earnings from megacap technology companies.
The Dow Jones Industrial Average rose 273.17 points, or 0.7%, to end at 42,387.57. It was the largest one-day point and percentage gain since Oct. 16.
The S&P 500 was up 15.40 points, or 0.3%, to finish at 5,823.52.
The Nasdaq Composite gained 48.58 points, or 0.3%, ending at 18,567.19.
Monday's stock market rally came as oil futures suffered their largest daily percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
The S&P 500's energy sector was the worst performer on the large-cap benchmark index, off 0.7%, according to FactSet data.
Looking ahead, five of the so-called Magnificent Seven companies are scheduled to report their earnings results this week. Google parent Alphabet Inc. is scheduled to report on Tuesday, followed on Wednesday by Microsoft Corp. and Meta Platforms Inc. Apple Inc. and Amazon.com Inc. will report on Thursday.
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