Bloomberg – Oil prices have surged more than 75% in the U.S. this month. But don’t expect a quick rebound in supply from shale...
The Oklahoman – Oklahoma is a state that has learned how to live through boom and bust. While we are constantly working...
Reuters – Royalty checks from shale oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom...
Reuters – Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene in the...
Midland Reporter-Telegram – U.S. operators have been slashing production in response to the collapse in both oil demand and oil prices. Those...
Forbes – As with seemingly every other aspect of the COVID-19 pandemic, the fallout and recovery related to the U.S. oil and...
Reuters – A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next...
Oilfield Technology – US oil producers have been expected for some time to have shut down oil production as a result of...
By: Scott Carpenter – Forbes – Bill Gilmer knows an economic bust when he sees one. In the 1980s, when oil prices...
Market Insider – Goldman Sachs is predicting a V-shaped bounce back in oil demand but expects the fuel to face a beating from...
The financial world is taking a Good Friday pause. The two major stock exchanges — the New York Stock Exchange and the Nasdaq — will be closed on Friday in observance of the Christian holiday. The same goes for bond markets, which also closed early on Thursday.
This is a rare instance when markets shut down on a day that is not a federal holiday. So even if you can’t trade stocks on the U.S. exchanges, you can still expect to receive your mail — the U.S. Postal Service is open for business as usual. Banks, which typically follow the federal calendar, will generally be open as well.
Easter Monday is also a holiday in much of the world, with many financial markets, most notably in Europe, shuttered until Tuesday.
U.S. stocks closed mixed on Thursday — the final session of trading this week ahead of the long Easter weekend — while booking weekly losses.
The blue-chip Dow Jones Industrial Average was pulled lower by a historic drop in shares of UnitedHealth Group Inc. after the insurer reported earnings and delivered an outlook that disappointed Wall Street.
The Dow Jones shed 527.16 points, or 1.3%, ending at 39,142.23, while posting a 2.7% weekly loss.
The S&P 500 ended up 7 points, or 0.1%, higher at 5,282.70, and logged a 1.5% weekly decline.
The Nasdaq Composite lost 20.71 points, or 0.1%, finishing at 16,286.45, for a 2.6% weekly drop.
Stocks wavered during the session as investors monitored trade talks between President Trump and other world leaders regarding his tariff fight. Trump's ongoing feud with Federal Reserve Chair Jerome Powell was also in focus after the central bank chief said on Wednesday that he's in no rush to cut interest rates, given the uncertain policy backdrop from the White House.
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...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
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 newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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...
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