🔘 Despite record-breaking EV sales in China and Norway, global oil demand remains strong. 🔘 While China’s EV market surges, its oil...
by Bloomberg, via RigZone.com |Weilun Soon| The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker...
Italian energy giant Eni has unveiled one of the world’s most powerful supercomputers, marking a significant leap in its technological capabilities. Named...
Crude oil production in the U.S. Lower 48 (L48) states, which excludes Alaska and offshore production, reached a record 11.3 million barrels...
This year’s funding is part of an overall historic $4.7 billion investment from President Biden’s Bipartisan Infrastructure Law to address orphaned oil...
The Texas Independent Producers and Royalty Owners Association (TIPRO) recently highlighted a slight decline in Texas upstream employment for November, marking the...
Story By Mella McEwen | Midland Telegram-Reporter| ExxonMobil has reached the milestone of 1,000 horizontal wells in the New Mexico portion of...
U.S. President-elect Donald Trump has issued a strong call for the European Union (EU) to ramp up imports of American oil and...
Battalion Oil Corporation has terminated its merger agreement with Fury Resources, Inc., citing Fury’s inability to meet financial obligations necessary to close...
Woodside Energy and Chevron have announced a transformative asset swap agreement designed to streamline their operations and optimize their portfolios within Australia’s...
U.S. stocks closed lower Thursday after a turbulent day of trading. The S&P 500 index briefly came within a whisker of reclaiming the 6,000 mark, only to retreat.
Tesla Inc. shares were in focus as the feud between Chief Executive Elon Musk and President Donald Trump spilled out into the open.
The S&P 500 fell 31.51 points, or 0.5%, ending at 5,939.30.
The Dow Jones Industrial Average shed 108 points, or 0.3%, closing at 42,319.74.
The Nasdaq Composite finished 162.04 points lower, or 0.8%, at 19,298.45.
The S&P 500 and Nasdaq each snapped a three-session winning streak.
Thursday afternoon, Trump hinted on social media that he might turn the Department of Government Efficiency against Musk's companies, less than a week after Musk's controversial stint at the helm of the entity ended. According to Dow Jones Market Data, Tesla shares shed 14.3%, the biggest daily drop since March 10.
The big item on deck is Friday's jobs report for May, with investors looking for any further signs of weakening in the U.S. economy as a result of tariff uncertainty.
The Oklahoma City Thunder will host the Indiana Pacers in Game 1 of the NBA Finals tonight (8:30 pm ET, ABC).
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
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