By: John Kemp – Reuters – The U.S. oil industry probably passed the low point in the current cycle in July and...
By: Myra P. Saefong – Barrons – Natural gas futures rallied in August, tacking on nearly 50% to their largest monthly percentage...
By: Reuters – Oil and gas companies plunged over $156 billion into corporate takeovers and land deals during the second US shale...
Bloomberg – Oil rose above $43 a barrel in New York, snapping a two-day drop, as China’s economic recovery continued. West Texas...
OKLAHOMA CITY, Aug. 27, 2020,/PRNewswire/ — PANHANDLE OIL AND GAS INC. (NYSE: PHX) (“Panhandle”) today announced that it has agreed to acquire two packages of...
By: Clyde Russell – Reuters – Much of the surge in China’s imports of crude oil in recent months has been provided...
By: Nicole Dienst and Eric Rosenbaum – CNBC – With the coronavirus pandemic slashing demand for the oil and gas that has...
By Becky Yerak, The Wall Street Journal ~ Arena Energy LP has filed for bankruptcy with a plan to sell virtually all...
By: David Blackmon – Forbes – Just when you thought 2020 could not get any worse for the oil and gas industry,...
by JACK MONEY, THE OKLAHOMAN ~A federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly...
U.S. stocks finished higher on Wednesday after the Federal Reserve decided to leave interest rates unchanged, emphasizing there's still no hurry to lower them as the U.S. economy is in relatively solid shape.
According to preliminary data from FactSet, the Dow Jones Industrial Average rose over 280 points, or 0.7%, to end near 41,113.
The S&P 500 was up 0.4%, to finish at around 5,631.
The Nasdaq Composite advanced 0.3%, ending near 17,738.
On Wednesday, the Federal Open Market Committee held its interest rates between 4.25% to 4.5%, as widely expected. But at the post-decision press conference, Fed Chair Jerome Powell repeatedly said the central bank has to be patient and not make any moves "preemptively."
According to the CME FedWatch Tool, futures traders have, in turn, dialed back expectations for an interest-rate cut in June, possibly because of Powell's insistence on standing pat for now.
However, the Fed rate decision and Powell's press conference were not the only factors moving the stock market on Wednesday. Just moments before the Fed's announcement, President Donald Trump said he is not pulling back his 145% levies on Chinese products to get the world’s second-largest economy to the negotiating table.
Earlier, Wall Street was cheering the news that Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer plan to meet with their Chinese counterparts in Switzerland this weekend, hinting at a possible de-escalation in trade tensions between the global superpowers.
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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...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
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