Federal officials late last week issued a key permit for the development of natural gas compressor stations in New Jersey and Pennsylvania...
Almost all states and the federal government rely on gas taxes to help pay for transportation projects and keep roads and highways...
By: MarketWatch – President Biden’s climate envoy, John Kerry, says he’s putting the natural gas industry “on notice,” suggesting it has a...
By: Reuters – The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output...
By: Zahra Tayeb – Business Insider – A divided approach toward the Russian energy trade has become more apparent in recent weeks....
Every Friday a spotlight is shown on the nation’s drilling activity as oilfield services company Baker Hughes releases its weekly rig count,...
The number of Drilled but Uncompleted Wells (DUC’S) sank to its lowest level ever recorded, according to the Energy Information’s latest Drilling Productivity...
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...
U.S. stocks finished mostly higher on Wednesday, with the Nasdaq Composite closing at a record high. Still, the Dow Jones Industrial Average was unable to recover its momentum following the release of as-expected CPI inflation data for November.
According to preliminary data, the Dow Jones Industrial Average closed down by 0.2% at 44,148.56 for its fifth straight session of declines.
The S&P 500 finished up by 0.8% at 6,084.19.
The Nasdaq Composite ended up by 1.8% at 20,034.89.
Wednesday's moves gave the S&P and Nasdaq their first gains in three sessions.
According to economists Andy Schneider and Britney Jackson at BNP Paribas, Wednesday's inflation data was "imperfect, but good enough" for the Federal Reserve to cut the December rate next Wednesday.
Fresh inflation data released on Wednesday gave Federal Reserve officials one last glimpse at how their battle against rapid price increases is progressing as they prepare for their final interest rate decision of 2024.
Consumer Price Index inflation ticked up in November, with the index climbing 2.7 percent from a year earlier. That was up from 2.6 percent previously, and in line with economists’ expectations.
A potential catalyst for this week awaits with Thursday’s U.S. Energy Information Administration (EIA) inventory report covering the first week of December. Frigid air descended from Canada during the period, boosting gas demand to power furnaces.
As such, analysts have braced for the steepest storage pull of the young withdrawal season. NGI modeled a pull of 176 Bcf, which is bullish in contrast to the five-year average decrease of 71 Bcf.
Preliminary draw estimates submitted to Reuters for the Dec. 6 period averaged 138 Bcf. The polling ranged from withdrawals of 49 Bcf to 187 Bcf.
Still, inventories started December at an 8% surplus relative to the five-year average. This followed a withdrawal of 30 Bcf in the final week of November. Inventories stood at 3,937 Bcf.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.