Hailing from opposite ends of the ideological spectrum, George Kaiser and Harold Hamm have each invested heavily in the Sooner State. By Ben...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. It appears a dip in oil prices has affected...
Occupational licensing in the United States is on the rise. It has been estimated that up to 25% of jobs now require...
(Reuters) – WhiteWater Midstream LLC is exploring a sale that its private equity owners hope will value the U.S. oil and gas...
Nov 30 (Reuters) – U.S. crude oil output hit a new all-time high of 11.5 million barrels per day in September, according...
Idaho’s oil and gas regulators agreed to a settlement Wednesday with a Texas oil producer Alta Mesa for failing to comply with...
(Bloomberg) — When Autry Stephens struck out on his own in 1996 to pursue oil riches, he named his one-rig outfit Big...
Holiday Rig Count Falls. In a week shortened by the Thanksgiving Holiday, the number of U.S. rigs drilling for oil fell for...
BY ASSOCIATED PRESS The State Land Office has set a record for its monthly oil and gas lease sale, generating more than $43...
Kimbell Royalty Partners, LP (NYSE: KRP) today announced the purchase of certain oil and gas royalty assets from certain affiliated sellers for approximately...
U.S. stocks finished mixed Thursday as the broad selling pressure from the first two trading days of the year abated somewhat and investors look ahead to Friday's Nonfarm Payrolls report, which will likely shape expectations for Federal Reserve policy and the path of interest rates in early 2024.
Technology shares remained under pressure as tech bellwether Apple (AAPL), part of the so-called Magnificent Seven companies that posted outsized gains in 2023, took its second analyst downgrade of the year. Tech weakness continued to weigh on the Nasdaq Composite® (COMP), which fell for the fifth straight day and ended at its lowest level since mid-December.
According to Nathan Peterson, director of derivatives analysis at the Schwab Center for Financial Research, Friday's Labor Department jobs report could be one of a few key "catalysts" for market direction early this year. Next week brings the December Consumer Price Index(CPI) and the unofficial start to the fourth-quarter earnings season. He also noted investors continued to "rotate" into some of 2023's weakest-performing sectors, as evidenced by strength in financial services, health care, and utilities.
"Stocks are attempting to stabilize after a rough start to 2024, with evidence of a 'rotation trade' still being seen," Petersen said. "An important question for investors could be, 'How long does the rotation out of last year’s winners and into the underperformers persist?'" Here's where the major benchmarks ended:
The S&P 500® index (SPX) was down 16.13 points (0.3%) at 4,688.68; the Dow Jones Industrial Average® (DJI) was up 10.15 points at 37,440.34; the Nasdaq Composite was down 81.91 points (0.6%) at 14,510.30.
The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.997%.
The Cboe® Volatility Index (VIX) was up 0.08 at 14.12.
Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday. Brent crude for March delivery fell 66 cents to $77.59 per barrel.
Wholesale gasoline for February delivery fell 5 cents to $2.11 a gallon. February heating oil fell 2 cents to $2.59 a gallon. February natural gas rose 15 cents to $2.82 per 1,000 cubic feet.
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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