News in the U.S. was on the lighter side during a shortened session that...
News in the U.S. was on the lighter side during a shortened session that followed the Thanksgiving holiday, but the major stock indexes rose on the final trading day of November, leading to new closing highs for the S&P 500® (SPX) and the Dow Jones Industrial Average® ($DJI). The Dow crossed the 45,000 level intraday, but it couldn’t hold above the line, though it still managed to record an all-time best.
Beyond the three major U.S. indexes today, gains were also recorded in the Russell 2000® (RUT), an index that tracks small caps, oil prices and gold. After recently giving up ground as it neared the $100,000 mark, Bitcoin rose 2.5% to $97,275.91. Among the notable declines for the day, Treasury yields retreated, while the dollar index eased to 105.79. Here's where the major benchmarks ended:
The SPX gained 33.64 points (0.6%) to 6,032.38; the $DJI rose 188.59 points (0.4%) to 44,910.65; and the Nasdaq Composite® ($COMP) advanced 157.69 points (0.8%) to 19,218.17.
The 10-year Treasury note yield fell five basis points to 4.19%.
The CBOE Volatility Index® (VIX) gave back 0.59 points to 13.51.
Proposed Colo. rules target ozone pollution from O&G ops
The Colorado Air Quality Control Commission will weigh tighter controls...
The Colorado Air Quality Control Commission will weigh tighter controls on ozone precursors from oil and natural gas operations at a February hearing. The proposed rules would mandate the use of zero-emission pneumatic controllers and expand requirements for leak detection technology and data collection during early production.
WoodMac: O&G industry must reverse exploration slump
According to a new Wood Mackenzie report, investment in oil and natural...
According to a new Wood Mackenzie report, investment in oil and natural gas exploration has declined by about 66% over the last decade due to negative public perception and restrictive government policies. The authors of the report argue that new discoveries can cut costs, lower Scope 1 and Scope 2 carbon intensity, and unlock value in underexplored basins.
Oxy doubles down on lithium extraction with Ark. leases
Occidental Petroleum has acquired leases in Arkansas' Smackover formation...
Occidental Petroleum has acquired leases in Arkansas' Smackover formation to expand its direct lithium extraction operations beyond the Salton Sea area of California, where it's set to break ground on the first DLE pilot plant with Berkshire Hathaway Energy this year. Oxy CEO Vicki Hollub sees DLE as a natural extension of the company's brine management expertise and signaled potential global opportunities to license extraction technology.
President-elect Donald Trump plans to set in motion an aggressive agenda...
President-elect Donald Trump plans to set in motion an aggressive agenda to boost oil and natural gas production and exports immediately after taking office, according to insiders. His strategy includes ending President Joe Biden's pause on new LNG export approvals, expediting permits to drill offshore and on federal lands, expanding lease offerings and dismantling key climate regulations.
