By: Stephen Cunningham – Rystad Energy – Private equity is finally seeing some upside from shale investments, after treading water for the...
By: Michael Lynch – Forbes – Production of oil and gas from shale has been a modern marvel, and one that has...
By: Robert Tuttle – Bloomberg – Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after...
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By: Amy R. Sisk – The Bismark Tribune – North Dakota has ranked as the nation’s second-biggest oil producer for nine years,...
By: Ron Bousso, Jessica Resnick-Ault, David French – Reuters – The sale could be for part or all of Shell’s position in...
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By: Alex Lawler – Reuters – Oil jumped to a two-year high above $72 a barrel on Monday, extending this year’s rally...
U.S. benchmark oil prices on Monday looked to end the month higher, buoyed by threats to global supplies, but they were still registering a loss for the quarter as the Trump administration's plan to implement reciprocal tariffs on Wednesday raised the potential for demand destruction.
President Donald Trump might call April 2 “Liberation Day,” but for oil bulls, it could shape up more like “correction day,” said Stephen Innes, managing partner at SPI Asset Management. “If sentiment surveys prove self-fulfilling and the hard U.S. data rolls over, crude could make a beeline south before you can say ‘demand destruction,’” he said.
On Monday, U.S. benchmark West Texas Intermediate crude for May delivery closed up $2.12, at $71.48 a barrel on the New York Mercantile Exchange. Based on the front month, prices were trading roughly 2.5% higher for the month, but down about 0.3% for the quarter.
Brent Crude for May delivery closed up $1.11 at $74.74 a barrel, while Natural Gas for May closed up 5.4 cents, at $4.119 MMBtu, after hitting a high for the day of $4.25.
Despite mainly moving higher on Monday, U.S. stocks ended lower for both March and the first quarter of 2025, as investors remain concerned about the uncertainty brought by President Donald Trump's tariff plans.
The Dow Jones Industrial Average fell 542.46 points or 1.3% this quarter, ending at 42,001.76. It lost 1,839.15 points or 4.2% in March, while the index was up 417.86 points or 1% on Monday.
The S&P 500 slid 269.78 points or 4.6% this quarter to finish at 5,611.85, recording its most significant quarterly percentage decline since the third quarter of 2022. The benchmark fell 342.65 points or 5.8% in March, recording its largest monthly percentage decline since December 2022. It rose 30.91 points or 0.6% on Monday.
The Nasdaq Composite dropped 2,011.50 points or 10.4% this quarter to close at 17,299.29, recording its largest quarterly point and percentage declines since the second quarter of 2022. The tech-heavy index shed 1,547.99 points or 8.2% in March, posting its largest monthly percentage decline since December 2022. It was down 23.70 points or 0.1% on Monday.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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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...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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