US stock futures traded mixed early Thursday, after...
US stock futures traded mixed early Thursday, after Wednesday's ADP private payrolls report showed job growth slowed in March, reigniting fears of a US recession. Here are the latest market moves.
On the docket: Rio Tinto, Levi's, and more, all reporting.
U.S. stocks ended mostly lower on Wednesday with the tech-heavy Nasdaq Composite booking three consecutive...
U.S. stocks ended mostly lower on Wednesday with the tech-heavy Nasdaq Composite booking three consecutive losses, as investors weighed data on private-sector employment and the services sector while awaiting the March jobs report that will be released on Good Friday, a market holiday.
The Dow Jones Industrial Average ended around 80 points higher, up 0.2%, while the S&P 500 gave up 0.3% and the Nasdaq fell 1.1%.
API: US crude, product inventories down across the board
US crude oil inventories fell by 4.34 million barrels last week, while gasoline and distillate stockpiles...
US crude oil inventories fell by 4.34 million barrels last week, while gasoline and distillate stockpiles declined by 3.97 million barrels and 3.7 million barrels, respectively, the American Petroleum Institute reported Tuesday. West Texas Intermediate crude prices edged higher after the data was released.
Geothermal's potential draws major energy companies
Despite the high risk and cost associated with geothermal energy, major energy companies such as Chevron,...
Despite the high risk and cost associated with geothermal energy, major energy companies such as Chevron, BP and Shell are investigating its potential through pilot projects and early-stage exploration, attracted by the technology's 24/7 availability and smaller land footprint when compared to wind and solar. However, scaling the technology is challenged by regulatory and financial barriers, although novel approaches such as enhanced geothermal systems that use hydraulic fracturing may help improve geothermal's competitiveness and rate of return.
Riley Permian Closes $330 Million New Mexico Acquisition
Riley Exploration Permian Inc. said on April 4 that it completed its previously announced acquisition...
Riley Exploration Permian Inc. said on April 4 that it completed its previously announced acquisition of New Mexico oil and natural gas assets from Pecos Oil & Gas LLC, an affiliate of Cibolo Energy Partners LLC.
Riley Exploration paid $330 million for the assets before customary purchase price adjustments, the company said in a press release. The deal, announced in February, added 11,700 contiguous net acres in Eddy County, New Mexico, with then-current production of 4,200 bbl/d (7,200 boe/d). The transaction included more than 100 gross horizontal development drilling locations.
