LONDON (Reuters) – One of the world’s biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders...
By Javier Blas —Bloomberg — Standing at the center of the prolific Permian Basin, Scott Hodges explains how the future of the world’s...
(Bloomberg) — For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for...
(Reuters) – Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels as a...
Roswell Daily Record — A Roswell energy development company has paid almost $400,000 for an oil and gas lease in Lea County,...
Pottawatomie County is a county located in the U.S. state of Oklahoma. As of the 2010 census, the population was 69,442. Its county seat is Shawnee. Pottawatomie County was carved out of land...
U.S. crude rose 30 percent in the first three months of the year. Oil prices draw support in 2019 from efforts by...
By JUDITH KOHLER | The Denver Post–A bill overhauling how oil and gas will be regulated in Colorado won final approval in the...
(Bloomberg) — The complex web of U.S. pipelines, tanks and export terminals that’s helped make America the world’s top crude oil producer...
Helium – BY RON DUNGAN -SIERRA – The high desert of northern Arizona was once a tropical forest, home to large animals with...
Benchmark U.S. crude oil for January delivery rose 97 cents to $73.44 per barrel Tuesday. Brent crude for February delivery rose $1.28 to $79.23 per barrel.
Wholesale gasoline for January delivery rose 4 cents to $2.20 a gallon. January heating oil rose 5 cents to $2.72 a gallon. January natural gas fell 1 cent to $2.49 per 1,000 cubic feet.
The Dow Jones Industrial Average® (DJI) notched a record-high close for the fifth straight day Tuesday, and the S&P 500® index (SPX) edged even closer to an all-time high as the market's holiday rally continued to keep its legs, fueled by the Federal Reserve's apparent policy "pivot" and optimism the economy can pull off a "soft landing."
Tuesday produced another day of broad gains, with most major market sectors extending a rally sparked by last week's Fed policy meeting, at which the central bank scaled up its projection for rate cuts in 2024. Small-cap stocks continued to close a gap with larger counterparts as the Russell 2000® Index (RUT) jumped nearly 2% to a 16-month high.
The S&P 500 ended within 28.19 points, or 0.6% of its record-closing high of 4,796.56, posted on January 3, 2022, the first trading day of that year. Here's where the major benchmarks ended:
The S&P 500 index was up 27.81 points (0.6%) at 4,768.37; the Dow Jones Industrial Average was up 251.90 points (0.7%) at 37,557.92; the Nasdaq Composite® (COMP) was up 98.03 points (0.7%) at 15,003.22.
US Steel is turning Japanese in a $14.1 billion deal. US Steel, once the world’s largest company and a symbol of US manufacturing might that counts J.P. Morgan and Andrew Carnegie among its founders, has agreed to be bought by Japan’s Nippon Steel. The deal ends months of speculation over the 122-year-old steel company’s fate after it rebuffed a $7.3 billion offer from domestic rival Cleveland-Cliffs over the summer. Assuming regulators and US Steel’s shareholders sign off on the purchase, it would make Nippon the second-biggest steel company globally and give it a major presence in the US market, which uses a lot of steel, especially to make cars.
Nikola's founder gets four years for fraud. Trevor Milton was sentenced to four years in prison yesterday after having been found guilty of defrauding investors in the electric vehicle company he founded. While that’s less than the Elizabeth Holmes-level, 11-year sentence prosecutors had pushed for, it’s more than the probation he requested. Nikola was briefly the third-most-valuable vehicle company in the US, but its value plunged when a short seller accused the company of lying about its tech. Prosecutors agreed and claimed Milton fibbed about the company’s progress, including in an infamous video that purported to show one of its trucks operational and moving when it was really just rolled down a hill.
A volcano erupted on Iceland’s Reykjanes Peninsula yesterday near a town that was evacuated last month after a series of earthquakes signaled an eruption was coming. The government said the volcanic activity was the most powerful the area had seen since a major disaster in the 1970s.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
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