By Matthew Smith for Oilprice.com – The U.S., UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of...
By: Erica Grieder – Houston Chronicle – Once upon a time, Houston was a city that “loved not wisely, but too well,”...
(REUTERS)–Percussion Petroleum II is looking to fetch up to $1.5 billion by selling around 25,000 net acres in the Permian shale basin,...
By: Al Lewis – Houston Chronicle – Marathon Oil earned a ranking near the top of the Chronicle 100 following a year...
Story by Hart Energy. Targa Resources Corp. on June 16 agreed to acquire Lucid Energy Group in the Permian Basin from Riverstone...
Christopher Rugaber-WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters...
By: Robin Bradley – Utility Dive – As the second-largest producer of coal and the fifth-largest producer of energy overall in the...
By: Emily Patsy – Hart Energy – Continental Resources Inc. received a $4.4 billion cash “take private” proposal from its founder Harold...
(Bloomberg) — BP Plc has become the latest international oil company to exit Canada’s high carbon-emitting oil sands — but it almost...
By: Daniel Graeber – Houston Chronicle – High oil prices and runaway inflation will eventually curb demand — and possibly lead to...
Trump's changing tariff plans, meanwhile, pull U.S. oil prices down for a seventh straight week.
Oil futures settled higher on Friday, buoyed by reported U.S. plans to refill the nation's Strategic Petroleum Reserve to full capacity, which would lead to tighter global supplies.
Prices for crude also found support after a Russian deputy prime minister reportedly said OPEC+ could reverse its decision to begin increasing production next month if the market appears unbalanced.
Crude prices, however, ended lower for the week, with the U.S. benchmark notching a seventh straight weekly decline on concerns that tariffs will slow the economy and energy demand.
-- West Texas Intermediate crude for April delivery rose 68 cents, or 1%, to settle at $67.04 a barrel on the New York Mercantile Exchange, leaving the U.S. benchmark down 3.9% for the week, according to Dow Jones Market Data. That marked a seventh straight weekly loss, the longest such losing streak since December 2023.
-- May Brent crude, the global benchmark, climbed 90 cents, or 1.3%, to $70.36 a barrel on ICE Futures Europe, for a 3.4% weekly decline.
-- April gasoline RBJ25 added 0.4% to $2.11 a gallon but lost 5.1% for the week, while April heating oil HOJ25 lost nearly 0.4% to $2.22 a gallon, posting a weekly decline of 4.3%.
-- Natural gas for April delivery NGJ25 settled at $4.40 per million British thermal units, up 2.3% Friday to end 14.7% higher for the week.
U.S. stocks closed higher Friday after remarks from Federal Reserve Chair Jerome Powell appeared to calm the nerves of investors worried about the economic impact of new White House policies such as tariffs.
The Dow Jones Industrial Average rose 222.64 points Friday, or 0.5%, to finish at 42,801.72.
The S&P 500 gained 31.68 points, or 0.6%, to end at 5,770.20.
The Nasdaq Composite advanced 126.97 points, or 0.7%, to close at 18,196.22.
Stocks reversed losses seen earlier Friday as investors assessed signs of a cooling labor market in the latest jobs data released ahead of the opening bell. Stocks rebounded after Fed Chair Powell said Friday at an event hosted by the University of Chicago Booth School of Business that the “U.S. economy continues to be in a good place” and the central bank’s monetary policy was “well positioned to wait for greater clarity.”
Still, all three major U.S. equities benchmarks had weekly losses, with the S&P 500 seeing its worst week since early September.
For the week, the Dow fell 2.4%, the S&P 500 dropped 3.1% and the technology-heavy Nasdaq slid 3.5%, according to Dow Jones Market Data. The S&P 500 and Nasdaq each booked a third straight weekly loss.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
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...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
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...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
Natural gas remains the leading source of electricity generation in the United States, but...
President Donald Trump used his address at the United Nations General Assembly this week...
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts...
West Texas holds a treasure trove of natural gas that could become a critical...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
Have your oil & gas questions answered by industry experts.