Crude prices fell Friday afternoon as the US added oil rigs for the sixth week in a row, bringing the total rig...
The STACK Meramec play in Oklahoma emerged as a star performer for Continental Resources back in 2016 out in Blaine County, which...
Marathon Oil got off to a hot start in Q1 of 2018. Like its peers, Marathon benefited from strong drilling results across...
On Tuesday, the Oklahoma Corporation Commission announced that it has issued a directive for further reductions in oil and gas wastewater disposal...
SandRidge Energy, in the middle of a proxy battle with its largest shareholder, billionaire Carl Icahn, on Tuesday reported first-quarter production dropped...
Climbing oil prices have helped push a surge in profits and revenues for Continental Resources Inc. in the first quarter, and with...
Grady County, Oklahoma continues to be the most active county in the State with 28 rigs running as of the latest Baker...
The active number of drilling rigs in the United States jumped by 11 this week mainly in the Permian Basin, according to...
Oil company BP PLC, working with Morgan Stanley, is considering an acquisition of some of BHP Billiton Ltd.’s energy assets, Bloomberg reports,...
Sam Karlin with The Advocate, recently reported that Marathon Oil has acquired more than 250,000 net acres in several new plays, among...
(Reuters) - Oil prices fell more than 2% on Thursday, as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth.
Brent crude futures settled at $68.64 a barrel, down $1.55, or 2.21%. U.S. West Texas Intermediate crude finished at $66.57 a barrel, down by $1.81, or 2.65%.
On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., pressuring his Brazilian counterpart Luiz Inacio Lula da Silva over Brazil's trial of former President Jair Bolsonaro over charges of plotting a coup to stop Lula from taking office in 2023.
Higher interest rates make borrowing more expensive and can slow demand for oil.
OPEC+ oil producers are set to approve another big output boost for September, as they complete unwinding voluntary production cuts by eight members and the United Arab Emirates' move to a larger quota.
However, OPEC+ indicated it may pause output hikes in October because of a possible peak in oil demand, said Phil Flynn, senior analyst with Price Futures Group.
Two of three major U.S. stock market indexes closed at record levels of Thursday, as investors counted on corporate earnings to prevail over inflation risks and President Trump's tariffs.
The S&P 500 ended roughly 0.3% higher at about 6,280, a fresh record close, according to preliminary data.
The Nasdaq Composite gained about 0.1% to end near 20,630, also a record close.
The Dow Jones Industrial Average added about 0.4%.
Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The build brings commercial stockpiles to 426 million barrels, still 8% below the five-year average for this time of year.
Additionally, stocks at the Cushing, Oklahoma, delivery hub decreased by 464 thousand barrels.
Fermi America, a Texas-based company co-founded by former U.S. Energy Secretary and former Texas...
Oklahoma City, OK – September 16, 2025 — In a market where many mineral...
The temporary closure of the Chief Drive In Theatre in Ninnekah has sparked local...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
The International Energy Agency (IEA) has issued a stark warning that the world’s oil...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
Natural gas remains the leading source of electricity generation in the United States, but...
Managed money speculators hit record bearish positions on WTI even as the IEA forecasts...
West Texas holds a treasure trove of natural gas that could become a critical...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
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