Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
By: Jack Money The Oklahoman – Pandemic fears and a global energy war are poised to wreak havoc on Oklahoma’s oil and...
Financial Post – Chevron said it is looking at ways to cut spending, which could lead to lower near-term oil and gas...
The Washington Post – Wall Street was under siege Monday as a coronavirus-fueled oil war sent crude prices plummeting more than 20...
The Dallas Morning News – Dallas City Hall owes gas driller Trinity East Energy $44.5 million — and counting. That’s according to...
Bloomberg – Troubled oil and gas companies may have a hard time persuading their banks to keep extending credit as the outlook...
EIA – U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according...
S&P Global Platts – Multiple operators in the SCOOP/STACK look to cut capital expenditures and oil and gas production volumes in 2020...
U.S. stocks closed higher on Thursday, but off the session's loftiest levels, after President Trump touted his first significant win in securing a trade deal with a longstanding trade partner.
The U.S. and U.K. outlined broad strokes of their trade agreement, which still would keep 10% tariffs in place on many British imports sold in the U.S., while allowing more American agriculture products into the U.K.
Stocks lost ground in late-afternoon trade after Bloomberg reported that Trump wants to see a tax hike on wealthy people who earn $2.5 million or more.
The blue-chip Dow Jones Industrial Average closed 254.48 points higher, or up 0.6%, ending at 41,368.48. That was slightly less than the 10% climb needed from its recent closing low to cement an exit from correction territory for the index. The minimum needed would be a close of 41,410.15 or higher.
The S&P 500 gained 32.66 points, or 0.6%, ending at 5,663.94.
The Nasdaq Composite finished 189.98 points higher, or 1.1%, closing at 17,928.14.
U.S. productivity decreased at a 0.8% annual rate in the first quarter, the government said Thursday. That’s the first decline since the second quarter of 2022.
Economists surveyed by the Wall Street Journal had projected a 0.7% decrease. Over the past four quarters, U.S. productivity has increased at a 1.4% pace, the slowest pace since the first quarter of 2023.
Unit-labor costs, a key measure of wages, jumped 5.7% in the first quarter, up from 2.0% in the fourth quarter.
🔴 Negative for inflation outlook: Rising labor costs and falling productivity raise inflation risks.
🔴 Potential market impact: Could push bond yields higher as traders reassess interest rate cuts.
🔴 Federal Reserve implication: Makes the Fed’s job harder—slower growth but still sticky inflation.
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 U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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