By: Lucia Kassai and Andrew Guerra Luz – Bloomberg – Oil tanks in America’s most important crude storage hub are filling to...
By: Starr Spencer – S&P Global Platts – The twin challenges of low oil prices and uncertain demand recovery that has resulted...
By: Bloomberg – Chevron’s willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe...
By: Valerie Volcovici, Nichola Groom – Reuters – A top contender to lead the U.S. Interior Department under Democratic President-elect Joe Biden...
By: Evan Onstot – KOCO – A Bureau of Labor Statistics chart says it all, Oklahoma was hit hard by the massive...
By: Paul Takahashi – Houston Chronicle – Eric Huffman remembers a time not long ago when prospectors paid a hefty premium for...
By: Camille Erickson – The Fairfield Sun Times – Gov. Mark Gordon launched an economic stimulus program on Wednesday to help the...
By: Avi Salzman – Barrons – Oil and gas stocks would almost certainly be better off under four more years of President...
By: David Blackmon – Forbes – Assuming that the various challenges being filed by President Donald Trump this week to election results...
By: Ken Childers – Okemah News Leader – A U.S. Supreme Court ruling that altered the jurisdictional landscape of much of eastern...
According to data from the EIA Petroleum Status Report, crude oil inventories in the US fell by 11.473 million barrels in the week that ended June 13, 2025, the most in a year and more than market expectations of a 2.3 million barrel decrease.
Also, stocks in the Cushing, Oklahoma, delivery hub went down by 995 thousand barrels.
Among refined fuels, gasoline stocks rose by 209 thousand barrels and stocks of distillate fuels increased by 514 thousand barrels.
WTI crude oil July futures climbed 3 cents to $74.87 per barrel on Wednesday after rising to as high as $76 earlier in the session, while Brent Crude for August delivery closed down 24 cents, at $76.21 per barrel, trading as high as $77.43 during the session.
The Dow Jones Industrial Average gave up an almost 300-point gain to end lower, while the S&P 500 closed flat, on Wednesday after the Federal Reserve left interest rates unchanged and raised its inflation outlook for the year.
The Dow fell 44.14 points, or 0.1%, to close at 42,171.66, after losing a 294.27-point gain that sent it to a session high of 42,510.07 earlier in the day, based on preliminary data. Wednesday's closing level is the lowest since May 28.
The S&P 500 fell less than 2 points to finish flat at 5,980.87.
The Nasdaq Composite advanced 25.18 points, or 0.1%, to end at 19,546.27.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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