By Jim Magill – Houston Chronicle – Permian Basin oil producers, under increasing pressure to reduce the amount of natural gas that...
By: Harry Saltzgaver – Grunion Gazette – The company that operates Long Beach’s oil islands has filed bankruptcy in the face of...
By: Adrian Hedden – Carlsbad Current Argus – Chevron USA, a major Permian Basin oil and gas producer planned to use renewable...
By Saeed Ashar and Rania El Gamal – Reuters – State oil giant Saudi Aramco’s profit plunged 73% in the second quarter...
By: Russell Karas and Dan Brusstar – OpenMarkets – The oil market has begun to adjust to the “new normal” in the...
By: Adrian Hedden – Carlsbad Current-Argus – A joint venture between a midstream water company and a major oil and gas producer...
By: Mark Jaffe – The Colorado Sun – The Colorado Oil and Gas Conservation Commission on Tuesday raised the tax it levies...
By Mella McEwen – Midland Reeporter-Telegram – What had been a significant contraction in the Texas oil and gas industry was magnified...
By: Reuters – Marathon Petroleum (MPC.N) has agreed to sell its Speedway gas stations in the United States to Japanese retail group...
By: Scott Carpenter – Forbes – U.S. shale oil and gas producer Apache APA -1.4% Corporation has turned its focus to international investments after...
Oil futures finished higher for a third straight session on Tuesday, with U.S. and global prices marking their highest settlement in two weeks, as traders weighed the supply and demand impacts of President Donald’s Trump’s tariff strategy and sanctions on Iran and Russia.
West Texas Intermediate crude for March delivery rose $1, or 1.4%, to settle at $73.32 a barrel on the New York Mercantile Exchange.
April Brent crude the global benchmark, climbed $1.13, or 1.5%, to $77 a barrel on ICE Futures Europe. Front-month prices settled at their highest since Jan. 28
March gasoline tacked on 2.1% to $2.15 a gallon, while March heating oil added 2.6% to $2.51 a gallon.
Natural gas for March delivery settled at $3.52 per million British thermal units, up 2.2%.
U.S. stocks finished mostly higher on Tuesday, as investors digested remarks from Federal Reserve Chair Jerome Powell suggesting little urgency for further interest-rate cuts and awaited the January CPI report due out Wednesday morning.
The Dow Jones Industrial Average rose 123.24 points, or 0.3% to finish at 44,593.65, according to FactSet data.
The S&P 500 ended nearly flat, at 6,068.50.
The Nasdaq Composite fell 70.41 points, or 0.4%, ending at 19,643.86.
Longer-term Treasury yields surged on Tuesday as investors reacted to Powell's first day of testimony before the Senate Committee on Banking, Housing and Urban Affairs.
The yield on the 10-year Treasury advanced 4.4 basis points to end at 4.536%, while the 30-year rate rose 4 basis points to 4.749%. Both were at their highest levels since Feb. 3, according to Dow Jones Market Data.
Investors also looked ahead to the release of January's consumer-price index report on Wednesday, which is expected to show inflation remained slightly elevated last month. Yet MarketWatch reported that one part of the financial market continued to flash worrisome signs about future price gains.
A new jobs report by the Energy Workforce & Technology Council suggests Oklahoma lost nearly 1,600 jobs in the energy services sector in the past few months.
The decline of the jobs also reflected an overall downward adjustment of more than 7,300 positions compared to December 2024 across the nation.
Based on preliminary data from the Bureau of Labor Statistics (BLS) and analysis conducted by EWTC, total jobs in the sector were reported at 630,087.
Oklahoma fell from 49,546 in December 2024 to 47,950 in January, according to the Energy Workforce and Technology Council. The loss of energy jobs in Texas was far greater, falling from 317,266 in December to 307,042 last month.
A long-overlooked shale play in South Texas might finally be showing signs of promise,...
In a stark reminder of the volatile energy landscape and the relentless drive for...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
by Andreas Exarheas | RigZone.com | In an EBW Analytics Group report sent to Rigzone...
By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports...
CBS News | Ukraine and Russia blamed each other on Sunday for breaking the one-day Easter...
By Irina Slav for Oilprice.com | In January, China’s National Energy Administration said it was eyeing...
Houston, long regarded as the epicenter of the U.S. energy industry, is currently navigating...
On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
By Georgina McCartney | (Reuters) -The U.S. upstream oil and gas M&A market is...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
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