S&P 500 scores record close; Dow flat, Nasdaq ekes out gain
Stocks were choppy to start the holiday-shortened week, bouncing between...
Stocks were choppy to start the holiday-shortened week, bouncing between positive and negative territory throughout Tuesday's session. But the three main benchmarks managed to close in the green, with the S&P 500 notching a new record close.
Thanks to a late burst of buying power, the S&P 500 closed up 0.2% at 6,129, the Nasdaq Composite added 0.07% to 20,041 and the Dow Jones Industrial Average edged up 0.02% to 44,556
As private equity pulls back from US shale, family offices...
As private equity pulls back from US shale, family offices managing the wealth of billionaires such as George Soros and Carlos Slim are stepping in, enticed by the industry's newfound discipline and steadier returns. Family offices have invested about $15 billion in the sector and are expected to provide around 12% of its total capital this year, up from 7% a few years ago, according to financial services firm Stephens and law firm Haynes Boone.
Williams plans to add 10 Bcf of additional natural gas storage capacity...
Williams plans to add 10 Bcf of additional natural gas storage capacity to its Pine Prairie facility in Louisiana and launch two new expansion projects on the Northwest Pipeline, bringing the total to six, with a combined capacity of about 580 MMcf/d. Additionally, the company is progressing toward its first data center supply agreement.
DUC decline could limit US shale operators' agility
US shale producers worked through a large portion of their drilled-but-uncompleted...
US shale producers worked through a large portion of their drilled-but-uncompleted wells in 2024, with the Midland Basin alone seeing a drop of 233 wells from the second to the fourth quarter, according to Enverus data. This trend was also evident in gas-rich basins, reducing some operators' DUC backlogs to levels that could hinder their ability to respond swiftly to demand increases.
Secretary of State Marco Rubio and other US officials are meeting with...
Secretary of State Marco Rubio and other US officials are meeting with a Russian delegation today to discuss ending the war in Ukraine, as well as other topics aimed at strengthening US-Russian ties. However, many US allies are concerned about what the bilateral talks will bring. Ukrainian President Volodymyr Zelensky has said his country won’t accept any peace deal it didn’t help negotiate. And European leaders held emergency talks in Paris yesterday to address being shut out of negotiations that impact their security.
