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...
By Jov Onsat| rigzone.com |Twelve countries surrounding the Baltic Sea and the North Sea have jointly agreed on “further action” to ward off...
Comstock Inc. (NYSE: LODE) announced today that its subsidiary, Comstock Fuels Corporation, has been approved for a $3 million incentive award from...
William G. Skelly aka William Grove “Bill” Skelly, born to the humble beginnings of Irish and English immigrants in Erie, Pennsylvania, on...
Colorado’s Energy and Carbon Management Commission (ECMC) has unveiled further details regarding the alleged manipulation of contamination data at numerous oil and...
Trevor Hawes |Midland Telegram-Reporter | Banks maintained a “stay the course” mentality during the fall credit redeterminations season, but among the questions...
A recent report from the Biden administration on the environmental impact of increasing liquefied natural gas (LNG) exports has the potential to...
Credit |by Bloomberg, via RigZone.com|L.Kassai, R.Tuttle, E.Elkin| When President-elect Donald Trump announced his plan to impose tariffs on goods coming from Canada...
Russia’s state-owned oil company Rosneft has finalized a significant agreement to supply nearly 500,000 barrels per day (bpd) of crude oil to...
The Israeli military announced on Monday that it will begin withdrawing several thousand troops from Gaza at least temporarily, in what would be the most significant publicly announced pullback since the war began.
The military cited a growing toll on the Israeli economy following nearly three months of wartime mobilization with little end in sight to the fighting. Israel has been considering scaling back its operations, and the United States has been prodding it to do so more quickly as the death toll in Gaza continues to rise. More than 20,000 people have been killed in Gaza since the beginning of the war, according to local health authorities.
(Friday market close)Hopes that the S&P 500 index (SPX) could establish a new all-time high in 2023 faded with the old year Friday as major U.S. equity benchmarks lost ground on December's final trading day. Still, the SPX managed to post its ninth-straight winning week and finished up 24% for the year after falling more than 19% in 2022. Friday's close left the index just 0.4% below its record close of 4,796 posted on January 3, 2022.
Like other large-cap benchmarks, the S&P 500 turned in a strong year behind outsized gains in the biggest technology stocks, propelled by excitement over artificial intelligence (AI). While AI might've been the biggest theme of the year, the Federal Reserve's recent pivot toward possible interest rate trims in 2024 crushed a long rally in Treasury yields, helping interest-rate-sensitive small caps and financials participate in the late-2023 rally as well.
Optimism also stemmed from hopes the Fed can navigate a "soft landing" for the economy that avoids recession even as inflation growth continues to slow. Investors eagerly await the December Nonfarm Payrolls report scheduled January 5 for the latest read on the U.S. economic picture. Here's where the major benchmarks ended:
Benchmark U.S. crude oil for February delivery fell 12 cents to $71.65 per barrel Friday. Brent crude for March delivery fell 11 cents to $77.04 per barrel.
Wholesale gasoline for January delivery rose 1 cent to $2.10 a gallon. January heating oil fell 1 cent to $2.55 a gallon. February natural gas fell 5 cents to $2.51 per 1,000 cubic feet.
Brazil’s oil and gas production reached in November its highest level ever for a single month, data from oil regulator ANP showed on Thursday, eclipsing the previous record set in September.
Oil and natural gas production totaled 4.698 million barrels of oil equivalent per day in the period, ANP said in a statement, with oil output alone rising 18.8% year-on-year to 3.678 million barrels per day.
Natural gas production jumped 15.5% to 162.12 million cubic meters per day, the regulator added.
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...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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,...
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