By: Alex Lawler – Reuters – Oil fell on Monday after U.S. airlines called off thousands of flights over the Christmas holidays...
NEW YORK (Reuters) – Global oil demand roared back in 2021 as the world began to recover from the coronavirus pandemic, and...
By: Adrian Hedden – Carlsbad Current-Argus – Earthstone Energy, a Texas-based oil and gas company bought about $600 million in lands in...
By: Aaron McDade – Newsweek – Officials from the Bureau of Land Management on Tuesday announced the approval of two solar energy...
By: Nilanjan Choudhury – Zacks – According to the U.S. Energy Information Administration’s (EIA) latest Drilling Productivity Report, oil output in the...
By: Derek Brower – Financial Times – The head of the largest US natural gas producer has said boosting American exports of...
By: Star Spencer – S&P Global Platts – The US oil and gas rig count jumped 16 to 716, energy analytics and...
By: Steve Lackmeyer – The Oklahoman – Harold Hamm announced Wednesday his personal foundation and Continental Resources are donating a combined $50...
By: Kurt Cobb – Resource Insights – Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S....
By: Bloomberg – Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from...
U.S. stocks finished mixed Thursday as the broad selling pressure from the first two trading days of the year abated somewhat and investors look ahead to Friday's Nonfarm Payrolls report, which will likely shape expectations for Federal Reserve policy and the path of interest rates in early 2024.
Technology shares remained under pressure as tech bellwether Apple (AAPL), part of the so-called Magnificent Seven companies that posted outsized gains in 2023, took its second analyst downgrade of the year. Tech weakness continued to weigh on the Nasdaq Composite® (COMP), which fell for the fifth straight day and ended at its lowest level since mid-December.
According to Nathan Peterson, director of derivatives analysis at the Schwab Center for Financial Research, Friday's Labor Department jobs report could be one of a few key "catalysts" for market direction early this year. Next week brings the December Consumer Price Index(CPI) and the unofficial start to the fourth-quarter earnings season. He also noted investors continued to "rotate" into some of 2023's weakest-performing sectors, as evidenced by strength in financial services, health care, and utilities.
"Stocks are attempting to stabilize after a rough start to 2024, with evidence of a 'rotation trade' still being seen," Petersen said. "An important question for investors could be, 'How long does the rotation out of last year’s winners and into the underperformers persist?'" Here's where the major benchmarks ended:
The S&P 500® index (SPX) was down 16.13 points (0.3%) at 4,688.68; the Dow Jones Industrial Average® (DJI) was up 10.15 points at 37,440.34; the Nasdaq Composite was down 81.91 points (0.6%) at 14,510.30.
The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.997%.
The Cboe® Volatility Index (VIX) was up 0.08 at 14.12.
Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday. Brent crude for March delivery fell 66 cents to $77.59 per barrel.
Wholesale gasoline for February delivery fell 5 cents to $2.11 a gallon. February heating oil fell 2 cents to $2.59 a gallon. February natural gas rose 15 cents to $2.82 per 1,000 cubic feet.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Have your oil & gas questions answered by industry experts.