U.S. oil rig count little changed amid mixed report of inventories, record production The total number of active drilling rigs in the United...
Denver (Platts)–29 May 2018 – Drilling permits in Oklahoma’s SCOOP/STACK plays have gone underutilized so far this year compared to recent history,...
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is pleased to provide an update regarding its ongoing participation in its joint venture in...
Kimbell Royalty Partners has agreed to acquire the mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources in a transaction valued at approximately...
UPDATED 6.5.18 – new regulatory filings just to the northwest of these minerals, with spacing and poolings filed by Calyx Energy in...
Pony Oil, LLC announced this morning that it has acquired a mineral and royalty package of 2,018 Net Royalty Acres across Glasscock County,...
Amid a rising rig count, oil prices fell sharply Friday after influential energy ministers said a group of two dozen producer nations...
The total rig count has been up 11 out of the last 12 weeks. The number of total rigs exploring in the...
On May 9th Vanguard Natural Resources Inc. continued its divestiture plans with multiple agreements to divest noncore assets for gross proceeds of...
OKLAHOMA CITY, May 15, 2018 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today provided an update on...
(Reuters)- Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an OPEC+ meeting to decide the group's August output policy.
Brent crude settled up 37 cents, or 0.6%, at $67.11 a barrel, while U.S. West Texas Intermediate crude settled 34 cents higher, or up around 0.5%, at $65.45 a barrel.
The gains were likely due to supportive data from a private-sector survey in China, which showed factory activity returned to expansion in June, said Randall Rothenberg, a risk intelligence expert at U.S. oil brokerage Liquidity Energy.
Expectations that Saudi Arabia will raise its August crude oil prices for buyers in Asia to a four-month high as well as firm premiums for Russian ESPO Blend crude oil were also supporting the notion of robust demand, Rothenberg said.
Oil's gains were kept in check by expectations that the OPEC+ group will boost its August crude oil output by an amount similar to the outsized hikes agreed in May, June, and July. Four OPEC+ sources told Reuters last week the group plans to raise output by 411,000 barrels per day next month when it meets on July 6.
U.S. stocks finished mixed on Tuesday to kick off the second half of the year, as investors began rotating out of megacap technology names and into cyclical sectors amid a broader market rally.
The Dow Jones Industrial Average rose 0.9%, to finish near 44,495, according to preliminary data from FactSet. The blue-chip index has risen for four straight trading days.
The S&P 500 was off 0.1%, to end at around 6,198.
The Nasdaq Composite fell 0.8%, ending near 20,202.
The S&P 500's information-technology and communication-services sectors were the only two of the index's 11 sectors to end in the red on Tuesday, while the materials sector advanced 2.3% and the healthcare sector was up 1.4%, according to FactSet data.
Earlier in the day, Senate Republicans narrowly approved President Donald Trump's signature tax-and-spending package. The vote was 51-50, with Vice President J.D. Vance casting the tie-breaking vote.
The sweeping bill must now pass the House of Representatives before heading to the president’s desk.
Federal Reserve Chair Jerome Powell also said on Tuesday morning that the U.S. central bank is still going "meeting by meeting" in its approach to interest-rate decisions. But he didn’t directly acknowledge whether or not a potential rate reduction at the end of this month would be too soon.
Wildfires are scorching parts of southern Europe as a lingering heat wave bakes swaths of the continent, prompting health alerts and evacuations.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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