Reuters – Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step...
Christopher M. Matthews and Rebecca Elliot – Wall Street Journal – Chevron Corp. is writing down the value of its assets by more than...
Randy Diamond – San Antonio Express-News – Texas oil and gas regulators have granted almost 30,000 permits to burn natural gas into...
Sergio Chapa – Houston Chronicle – Scrum master. Agile coach. Data scientist. Cloud architect. Jobs in the oil and natural gas industry...
Adrian Hedden – Carlsbad Current-Argus – A new database of oil and gas land information from Osebergin the Permian Basin could help...
Kevin Crowley – Bloomberg – At EOG Resources Inc.’s Francisco lease in the heart of the Eagle Ford Shale in South Texas,...
Lisa Friedman – The New York Times — The Senate on Monday confirmed Dan Brouillette, a former lobbyist for Ford Motor Company,...
By: Chris Mathews – Houston Business Journal – For at least the past decade, oil and gas companies in Houston and Texas...
Bloomberg – A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting...
James Osborne – Houston Chronicle – John Watson stepped down as CEO of Chevron last year at the age of 61. Now,...
Oil prices swung wildly on Wednesday, sinking to a four-year low in anticipation of slowing economic growth due to a burgeoning trade war, before jumping 2% after President Donald Trump announced a 90-day pause on most of his tariffs.
U.S. benchmark crude followed U.S. markets higher in the afternoon, rising 2%, or $1.20, to $60.79 per barrel after the latest reversal by the Trump administration.
That's after it declined 4.3% to $56.98 per barrel as late as midday on the New York Mercantile Exchange. Prices had fallen further earlier in the day to levels not seen since February 2021, the depth of the COVID-19 pandemic.
Energy prices have mostly declined since Trump's inauguration in January, with the cost of a barrel of oil sliding about $20 since the start of the year. At this time last year, a barrel of U.S. crude cost $85. A barrel was going for around $71 at the beginning of April, before tariffs were launched.
Brent crude, the European standard, also climbed into positive territory Wednesday to $63.90 per barrel.
The Dow Jones Industrial Average jumped by almost 3,000 points on Wednesday, its most ever for one day, after President Donald Trump's 90-day pause on most reciprocal tariffs and a surprisingly strong Treasury auction.
The Nasdaq Composite and S&P 500 also secured their biggest one-day point gains on record. The Nasdaq had its best day in 24 years, while Wednesday was the S&P 500's best day in more than 16 years.
The Dow Jones rose 2,962.86 points, or 7.9%, to close at 40,608.45, based on preliminary data. That exceeded the 2,112.98-point gain seen on March 24, 2020.
The S&P 500 rose 474.13 points, or 9.5%, to end at 5,456.90, breaking a four-session streak of losses. That was its biggest percentage gain since Oct. 28, 2008.
The Nasdaq Composite jumped 1,857.06 points, or 12%, to finish at 17,124.97. That was its largest percentage gain since Jan. 3, 2001.
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
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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