When oil and gas wells are shut down and abandoned, dangers to local communities and the environment linger. Story Credit: Carlsbad Current-Argus,...
By: Myra P. Saefong – MarketWatch – Natural gas futures settled Thursday at their highest price since December 2008, with a rise...
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...
U.S. stocks finished higher on Tuesday as Wall Street wrapped up the first trading day of President Donald Trump's second term in office on a positive note.
The Dow Jones Industrial Average rose more than 500 points, or 1.2%, to end near 44,026, according to preliminary data from FactSet.
The S&P 500 was up 0.9%, to finish around 6,049.
The Nasdaq Composite surged 0.6%, ending around 19,756.
Investors on Tuesday welcomed Trump’s calmer-than-expected tone on tariffs. Trump said on Monday his administration "will tariff and tax foreign countries to enrich our citizens,” but he didn’t appear set to follow through on an earlier threat to impose 25% tariffs on imports from Mexico and Canada, as well as an additional 10% tariff on imports from China.
Wall Street has feared that a swath of tariffs on U.S. imports could lead to a resurgence of inflation, which could harm the government-debt market and send interest rates higher again. Treasury yields ended mostly lower on Tuesday, with the 10-year rate finishing at its lowest since Dec. 30, according to FactSet data.
Donald Trump was sworn in as the 47th president of the US yesterday, and he didn’t take long after removing the “-elect” from his title to unleash a number of actions intended to reshape the country’s economy while under his watch. President Trump on Monday pardoned members of the mob that attacked the Capitol on Jan. 6, 2021, and signed dozens of executive orders addressing the first priorities of his administration.
Energy/climate: Trump will once again remove the US from the Paris climate agreement as part of a series of actions promoting fossil fuel use and reducing government support of renewable energy. In his first term, Trump withdrew the US from the agreement, which was signed by nearly 200 countries in 2015 to keep warming of the planet under control, before former President Biden reinstated it in 2021. The United States is the only country to have removed itself from the Paris accords.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
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...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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