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...
In a story in the New York Times,Rebecca F. Elliott writes that electricity demand is rising so quickly in the United States...
In an impactful move set to strengthen its foothold in the Delaware Basin, Kinetik Holdings Inc. (NYSE: KNTK) has announced a $180...
➡️Recent discoveries in Guyana and Namibia have reignited interest in deepwater oil exploration, offering high returns for major oil companies. ➡️Despite forecasts...
Equinor UK Ltd, a subsidiary of Equinor ASA, and Shell UK Limited, a subsidiary of Shell plc, have announced a major energy...
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Story By Julianne Geiger for Oilprice.com | The European Union is working with the United States to soften the blow without undermining...
First responders, the Midland Police Department and the Midland Fire Department were called to a fire located inside the historic Petroleum Building in downtown Midland during the evening hours on Monday.
According to reports, the fire was on the ninth floor of the building. The building owner, David Arrington, said that there were no injuries reported during the incident.
T. S. Hogan, a Montana attorney, rancher and oilman, came to the Permian Basin in 1925 and became active in the oil business. In 1927, Hogan announced the construction of the Petroleum Building.
The Petroleum Building was designed by the Fort Worth architect Wyatt C. Hendrick and completed in 1929. The building has long played a significant role in the history of Midland, as well as casting a significant role in the development of the city.
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.
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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 Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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