(Bloomberg Opinion) — U.S. crude oil production is on track this year to blast through the all-time annual record of 3.52 billion barrels set in...
HOUSTON (Reuters) – Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring...
David Blackmon Contributor, Forbes. ~On Friday, Secretary of Energy and former Texas Governor Rick Perry traveled to San Antonio to participate in the...
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If a landowner wishes to benefit financially from minerals lying below the surface, the owner can split or sever the property into...
HOUSTON/NEW YORK (Reuters) – Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole...
It would be hard to have not seen the news about the recent disappearance of Saudi citizen and dissident reporter Jamal Khashoggi,...
(Bloomberg) — Oil producers in the Permian Basin and elsewhere could soon find themselves facing the oilfield equivalent of trying to walk...
Source: U.S. Energy Information Administration, Monthly Crude Oil and Natural Gas Production As domestic production continues to increase, the average density of crude oil...
SEATTLE, Oct. 12, 2018 /PRNewswire/ — JND Class Action Administration – Citation Oil and Gas Corp. The Settlement Class includes: All non-excluded owners of a...
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell sharply, by 10.133 million barrels in the week ending June 13 after analysts had estimated a 600,000-barrel draw. The API reported a 337,000 barrel inventory decrease in the prior week.
In a post on Truth Social, Trump wrote that the US knows where Iranian leader Ayatollah Ali Khamenei is “hiding,” calling him an “easy target” but saying he will not be killed, “at least not for now.” He also demanded Iran’s “unconditional surrender” as it traded airstrikes with Israel for the fifth day. Trump’s escalating rhetoric came as the US moved more warships into the Middle East in what officials said was a defensive position. The president also posted, “We now have complete and total control of the skies over Iran,” but it was unclear if that meant the US was directly involved in the conflict. Trump is reportedly weighing using US military assets to strike Iran.
U.S. stocks finished lower on Tuesday, giving back most gains from the previous session, as investors feared that an escalation of tensions between Israel and Iran could trigger deeper U.S. involvement in the Middle East conflict.
The Dow Jones Industrial Average fell nearly 300 points, or 0.7%, to end near 42,215, according to preliminary data from FactSet.
The S&P 500 was off 0.8%, to finish at around 5,982.
The Nasdaq Composite slumped 0.9%, ending near 19,521.
U.S. President Donald Trump on Tuesday called on Iran to surrender without conditions to bring an end to the conflict with Israel, fueling fresh worries on Wall Street that the White House is on the verge of joining Tel Aviv's military strikes against Tehran.
The surge in oil prices picked up steam on Tuesday. West Texas Intermediate crude for July delivery was up over 4% to trade at $74.84 a barrel, while August Brent crude, the global benchmark, also rose around 4.4%, at $76.45 a barrel, according to FactSet data.
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...
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 U.S. oil and gas industry is riding a line between productivity and paralysis....
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Trying to catch up in oil and gas production is difficult enough. It becomes...
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