By: Weizhen Tan – CNBC – First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there...
Why were Carbon Credits created? The burning of fossil fuels is a major source of greenhouse gas emissions and the carbon credit...
Texas-based XTO Energy Inc. recently filed completion reports on a series of 8 wells in Carter and Love Counties in southern Oklahoma....
By: James Morris – Forbes – Every new EV gets compared to Tesla. General Motors CEO Mary Barra has even said her...
Apache Corp. generated national – and even international – headlines in the fall of 2016 when it announced what it believed was...
When the federal government auctioned off oil leases in the Arctic National Wildlife Refuge last year, no major firms bid, in a...
The world’s two biggest oil and natural gas reservoirs are in the Permian Basin and Saudi Arabia with estimated remaining reserves of...
By: Bloomberg – Energy transportation giant Enbridge Inc. will be going ahead with two pipeline projects to service a new liquefied natural...
(Reuters) Morgan Stanley CEO James Gorman told shareholders during the bank’s annual general meeting on May 26 that he does not plan...
By: CNBC – Natural gas surged above $9 per million British thermal units, or MMBtu, on Wednesday, hitting the highest level in more...
(Reuters) - Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.
Both Brent and U.S. crude oil benchmarks posted their biggest weekly declines since March 2023 last week but rose for the second consecutive month, gaining around 6% and 7% respectively.
Brent futures settled down 16 cents, or 0.2%, to $67.61 a barrel and expired on Monday. The more active September contract ended at $66.74.
U.S. West Texas Intermediate crude settled down 41 cents, or 0.6%, at $65.11 a barrel.
A 12-day war that started with Israel targeting Iran's nuclear facilities on June 13 sent prices above $80 a barrel before sliding back to $67.
"This ceasefire that was quickly engineered appears to be holding up, so the supply risk premium that was in place is continuing to be withdrawn in a rapid fashion," said John Kilduff, a partner at Again Capital.
Meanwhile, U.S. crude oil production hit a record 13.47 million barrels per day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series.
The record U.S. oil production was adding to the bearish sentiment on Monday, Kilduff added.
U.S. stocks ended higher on Monday on optimism around trade talks ahead of July 9 — the expiration date of the Trump administration’s 90-day tariff pause that started on April 2.
The Canadian government announced on Sunday night that it would scrap its digital services tax on U.S. tech companies, which had prompted President Trump to halt trade negotiations between the two countries.
The Dow Jones Industrial Average went up 275.50 points or 0.6% on Monday to end at 44,094.77 for its third straight daily gain, according to Dow Jones Market Data. The index advanced 1,824.70 points or 4.3% for the month and it rose 2,093.01 points or 5% for the quarter.
The S&P 500 rose 31.88 points or 0.5% to close at 6,204.95 on Monday, a record high and its third straight daily gain. The index increased 593.10 points or 10.6% for the quarter, its largest one-quarter percentage gain since the fourth quarter of 2023. It went up 293.26 points or 5%.
The Nasdaq Composite rose 96.27 points or 0.5% to finish at 20,369.73 on Monday, also setting a fresh record and posting its sixth straight daily gain. The index advanced 3,070.45 points or 17.8% for the quarter, its largest one-quarter percentage gain since the second quarter of 2020. It rose 1,255.97 points or 6.6% for the month.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Have your oil & gas questions answered by industry experts.