Bobby Magill – Bloomberg – Oil drilling in Nevada is a risky bet—the geology is complicated and drillers say the odds are...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. Led by...
By Noi Mahoney – Freight Waves– Long before sunrise, Molly Sizer starts her day in West Texas as a professional frac sand hauler. She...
Camille Erickson – Casper Star Tribune – Wyoming’s oil and gas sector is still digesting fresh changes to the state’s drilling regulations....
By: Kiefaber & Oliva, LLP – Title examination is typically characterized by a series of deeds and conveyances, which—unsurprisingly—do not convey property...
Anna Kuchment, Science Writer – Dallas Morning News: When earthquakes first jolted Dallas-Fort Worth residents in the fall of 2008, academic researchers...
Presidio Investment Holdings LLC (“Presidio Petroleum”, “Presidio”, or the “Company”) announced today that it has completed its acquisition of all the oil...
Randy Diamond – San Antonio Express-News: A fight between a pipeline operator and an energy company is putting natural gas flaring, a...
Liz Hampton Reuters – Packers Plus Energy Services, a company built on the North American shale oil boom, is turning to the...
By Brandon Evans, S&P Global Platts, Denver — Operators in the SCOOP/STACK have shed about a quarter of rigs in the play...
(Reuters) - Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.
Brent crude futures fell 24 cents, or 0.3%, to settle at $69.28 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to end at $67.34.
That put both crude benchmarks down about 2% for the week.
In Europe, the EU reached an agreement on an 18th sanctions package against Russia over its war in Ukraine, which includes measures aimed at dealing further blows to Russia's oil and energy industries.
"New sanctions on Russian oil from the U.S. and Europe this week were met by a muted market reaction," analysts at Capital Economics said in a note. "This is a reflection of investors doubting President Trump will follow through with his threats, and a belief that new European sanctions will be no more effective than previous attempts."
The EU will also no longer import any petroleum products made from Russian crude, though the ban will not apply to imports from Norway, Britain, the U.S., Canada and Switzerland, EU diplomats said.
The U.S. stock market ended mixed on Friday, with the S&P 500 and Nasdaq Composite logging weekly gains as companies reported their latest quarterly earnings.
The Dow Jones Industrial Average fell 142.30 points on Friday to close 0.3% lower at 44,342.19.
The S&P 500 slipped 0.57 point, or less than 0.1%, to finish nearly flat at 6,296.79.
The Nasdaq Composite rose 10.01 points, eking out a gain of less than 0.1% to notch a fresh record high at 20,895.66.
Big Tech stocks mostly rose on Friday, but the S&P 500's 11 sectors ended the trading session mixed. Investors continued to monitor tariff-related risks, with consumer-price-index data released earlier this week showing some early signs of inflationary pressures from tariffs.
The S&P 500 finished Friday just shy of its all-time high on Thursday, with a weekly gain of 0.6%, according to Dow Jones Market Data. The technology-heavy Nasdaq climbed 1.5% on the week, after rising for a fifth straight day. The Dow had a slight weekly loss of 0.1%, booking back-to-back weekly losses.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Have your oil & gas questions answered by industry experts.