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Avi Salzman – Barrons – Oil futures plunged on Monday as an enormous oversupply of crude is building up at U.S. pipelines....
David Wethe, (Bloomberg) — No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their...
By Stephen Clayman – When credit is cheap, commodity prices are adequate, and the wells are economic, it is easy for an...
Reuters – Texas oilman Mike Shellman has kept his MCA Petroleum Corp going for four decades, drilling wells through booms and busts...
By: Kevin Crowley & Rachel Adams-Heard at Bloomberg – One of the biggest Texas shale explorers warned it will halt all drilling...
By Ryan Dezember and Vipal Monga, Wall Street Journal –ENERGY: Canceled orders were mounting when Texland Petroleum LP recently decided to shut in each of...
NEW YORK (Reuters) – Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to...
Jordan Blum – S&P Global Platts – HOUSTON — US commercial crude storage could hit its capacity in mid-May as refinery demand and...
Reuters – Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time...
Stocks ended mostly higher Thursday, with the S&P 500 notching its first record finish since Dec. 6 — and its first of President Donald Trump's second term.
It didn't take much, after the large-cap benchmark ended just shy of a record in Wednesday's session. Stocks got a modest lift after Trump — speaking remotely in Davos, Switzerland, to powerful political and business leaders attending the World Economic Forum's annual meeting — called on OPEC to lower oil prices and made a demand for lower interest rates in the U.S. and around the world.
The Federal Reserve and other central banks aren't likely to hop to such a demand, while experts said it's possible Trump's remarks could help give OPEC an excuse to boost production. Perhaps more important to the market reaction, analysts said, is that Trump didn't significantly ramp up tariff threats, which may have provided some modest relief.
In the end, the S&P 500 added 32.34 points, finished the day up 0.5%, and closing at 6,118.71, according to FactSet data, surpassing its previous record finish of 6,090.27.
The Dow Jones Industrial Average rose 408.34 points, or 0.9%, ending at 44,565.07. That left it only 1% off its previous record close in early December, according to Dow Jones Market Data.
The Nasdaq Composite gained 44.34 points, or 0.2%, closing at 20,053.68, which was 0.6% away from its record close on Dec. 16.
Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday.
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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