Bloomberg – Chinese oil demand has dropped by about three million barrels a day, or 20% of total consumption, as the coronavirus squeezes the...
WVNews — A trio of bills relevant to West Virginia’s oil and gas industry were advanced by Senate committees on Thursday. The...
Houston Chronicle – Gradiant Energy Services CEO Danny Jimenez wants to change how the oil and natural gas industry handles the hundreds...
Reuters – At Exxon Mobil Corp (XOM.N), CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company...
S&P Global Platts – Producers in the New Mexico portion of the Permian Basin have shown resiliency amid depressed commodity prices and...
Robert Rapier – Forbes – Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and...
S&P Global Platts – In a first ever, Permian forward gas prices settled in negative territory this week as the 2020 market outlook...
CNBC – Outgoing BP chief Bob Dudley on Wednesday criticized sweeping climate proposals from Sen. Bernie Sanders, a top-tier 2020 Democratic presidential candidate, and...
Reuters – Oil prices fell more than 2% on Wednesday as a market surplus forecast by the International Energy Agency (IEA) and...
John Kemp – Reuters – U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new...
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.
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