The data in this report is compiled and provided by Oseberg, a next-generation oil & gas information and data analytics company that offers...
Texas gains 8, Oklahoma down 1 rig as U. S. rig count rises to 1,013 Oil prices were steady on Monday as...
The great Permian Basin land rush is over. With the top acreage gobbled up, few companies are staking new claims. Instead, the...
ConocoPhillips announced this week that it made three new oil discoveries on the Western North Slope in Alaska. Showing a promising future...
Bloomberg is reporting that bottlenecks on the U.S. natural shale gas superhighway are starting to stack up, raising concerns about whether the...
Texas gains 3, Oklahoma up 2 rigs as U. S. rig count rises to 1,008 U.S. energy companies added oil rigs for...
The data in this report is compiled and provided by Oseberg, a next-generation oil & gas information and data analytics company that offers...
U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in...
As the U.S. shale revolution has grown it has simultaneously battered Canada’s energy industry in recent years, ending two decades of rapid...
OKLAHOMA CITY – Devon Energy is laying off approximately 300 people, the company announced Tuesday. On Tuesday, Devon Energy sent out...
(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.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
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...
Have your oil & gas questions answered by industry experts.