Improvements in oil prices over the past year may be bolstering cash flows at some private equity-backed oil-and-gas companies but it hasnât lured secondary...
By: Anya Litvak – Pittsburgh Post-Gazette – The next iteration of energy production in southwestern Pennsylvania is likely to lead where its...
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 Bidenâs climate envoy, John Kerry, says heâs putting the natural gas industry âon notice,â 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 nationâs drilling activity as oilfield services company Baker Hughes releases its weekly rig count,...
The number of Drilled but Uncompleted Wells (DUC’S)Â sank to its lowest level ever recorded, according to the Energy Informationâs latest Drilling Productivity...
Andreas Exarheas|RigZone. Fitch Solutions Country Risk & Industry Research has revealed that it has made a âsubstantialâ upward revision to its gasoline...
Benchmark U.S. crude oil for January delivery rose 97 cents to $73.44 per barrel Tuesday. Brent crude for February delivery rose $1.28 to $79.23 per barrel.
Wholesale gasoline for January delivery rose 4 cents to $2.20 a gallon. January heating oil rose 5 cents to $2.72 a gallon. January natural gas fell 1 cent to $2.49 per 1,000 cubic feet.
The Dow Jones Industrial AverageŽ (DJI) notched a record-high close for the fifth straight day Tuesday, and the S&P 500Ž index (SPX) edged even closer to an all-time high as the market's holiday rally continued to keep its legs, fueled by the Federal Reserve's apparent policy "pivot" and optimism the economy can pull off a "soft landing."
Tuesday produced another day of broad gains, with most major market sectors extending a rally sparked by last week's Fed policy meeting, at which the central bank scaled up its projection for rate cuts in 2024. Small-cap stocks continued to close a gap with larger counterparts as the Russell 2000Ž Index (RUT) jumped nearly 2% to a 16-month high.
The S&P 500 ended within 28.19 points, or 0.6% of its record-closing high of 4,796.56, posted on January 3, 2022, the first trading day of that year. Here's where the major benchmarks ended:
The S&P 500 index was up 27.81 points (0.6%) at 4,768.37; the Dow Jones Industrial Average was up 251.90 points (0.7%) at 37,557.92; the Nasdaq CompositeŽ (COMP) was up 98.03 points (0.7%) at 15,003.22.
US Steel is turning Japanese in a $14.1 billion deal. US Steel, once the worldâs largest company and a symbol of US manufacturing might that counts J.P. Morgan and Andrew Carnegie among its founders, has agreed to be bought by Japanâs Nippon Steel. The deal ends months of speculation over the 122-year-old steel companyâs fate after it rebuffed a $7.3 billion offer from domestic rival Cleveland-Cliffs over the summer. Assuming regulators and US Steelâs shareholders sign off on the purchase, it would make Nippon the second-biggest steel company globally and give it a major presence in the US market, which uses a lot of steel, especially to make cars.
Nikola's founder gets four years for fraud. Trevor Milton was sentenced to four years in prison yesterday after having been found guilty of defrauding investors in the electric vehicle company he founded. While thatâs less than the Elizabeth Holmes-level, 11-year sentence prosecutors had pushed for, itâs more than the probation he requested. Nikola was briefly the third-most-valuable vehicle company in the US, but its value plunged when a short seller accused the company of lying about its tech. Prosecutors agreed and claimed Milton fibbed about the companyâs progress, including in an infamous video that purported to show one of its trucks operational and moving when it was really just rolled down a hill.
A volcano erupted on Icelandâs Reykjanes Peninsula yesterday near a town that was evacuated last month after a series of earthquakes signaled an eruption was coming. The government said the volcanic activity was the most powerful the area had seen since a major disaster in the 1970s.
The Energy Information Administration expects US oil production from major US shale formations to decline for the third month in a row to 9.692 million barrels per day in January, even as Permian Basin output is projected to hit a record 5.986 million bpd.
Additionally, shale gas production is set to fall to 99 Bcf/d in January, which would mark the fifth straight month of declines
Bill Armstrong isnât following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) â Williams Companies has placed its...
The newly unveiled U.S.âEU energy framework, announced during the July 27â28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will âconsolidate or eliminate some positionsâ as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY ⢠NYSE] is selling off...
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