Discussion on the future price of oil seems to be a very contentious topic these days. The die-hard bulls will focus on the...
By: Los Angeles Daily News – The Los Angeles City Council voted unanimously on Tuesday, April 4 to support a state Senate...
By: J. Robinson – S&P Global Platts – Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling margins...
Record high prices at the fuel pump aren’t slowing Americans down. By Justin Jacobs, Energy Source newsletter from The Financial Times –...
By: Reuters – Excelerate Energy Inc, founded by oil and gas tycoon George Kaiser, plans to raise up to $384 million through...
By: Mitchell Ferman – The Texas Tribune – Russian hackers have been probing Texas’ energy infrastructure for weak points in digital systems...
Since Russia invaded Ukraine, many Western oil companies as well as traders, shippers, and bankers have stayed away from Russian oil. But...
By: NPR – President Biden is expected to announce on Thursday a plan to draw 1 million barrels of oil per day...
By: Oilprice.com – How quickly fortunes can change in the oil and gas business. Last year, U.S. oil and gas companies were...
By: Reuters – U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go...
U.S. stocks closed higher Friday, ending the month strong and the first half of 2023 with robust gains as a long-anticipated economic recession failed to materialize.
The Dow Jones Industrial Average DJIA, +0.84% rose about 283 points Friday, up 0.8%, ending near 34,405. It gained 4.6% in June and 3.8% in the last six months, its best first half since 2021. The S&P 500 index SPX, +1.23% rose 1.2% Friday, 2.3% in June and 15.9% in the first half, its best start to a year since 2019. But the Nasdaq Composite Index was the standout, gaining 1.5% on Friday and 31.7% in the first half of 2023, which was its best first half since 1983, according to Dow Jones Market Data.
The energy sector is off to a broadly higher start, supported by strength in the crude complex and in the major equity futures. U.S. stock index futures extended gains after data showed a closely watched measure of inflation cooled in May, offering fresh evidence of easing price pressures due to the Federal Reserve's aggressive interest rate hikes. A Commerce Department report showed the personal consumption expenditures price index rose 3.8% in May, on an annual basis from 4.3% last month.
WTI and Brent crude oil futures are trading higher but remain on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Inflationary pressure and rising interest rates in key economies and a slower-than-expected recovery in Chinese manufacturing and consumption have weighed on markets in recent months. However, signs of strengthening U.S. economic activity and sharp declines in U.S. oil inventories last week offered support.
Natural gas futures are trading lower as the NOAA's 6-10 day outlook shows a cooler trend across parts of the east-central US, with below-normal temps reaching into the Southeast and Central Gulf Coast regions, as well as the Northern and Central Rockies and Plains.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(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...
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