Investing.com – Oil prices ended Friday’s session close to their strongest level since late 2014, amid ongoing optimism that OPEC-led output cuts...
Since 2010, the United States has been in an oil-and-gas boom. In 2015, domestic production was at near-record levels, and we now...
We began our STACK coverage in March of last year by focusing on the work of pilot well programs. Its been nearly...
QUINTON — Five workers were missing after a drilling rig explosion west of Quinton Monday morning, creating fires that burned for hours...
Highlights from this week’s report: 2018 is off to a hot start with over 250 transfers so far in the month of...
West Texas’ surging Permian Basin continues to add new drilling activity, but that didn’t stop the nation’s overall oil rig count from...
Financial Times ~ It has been a tough three years for the oil and gas industry. It battened down the hatches in...
Crude oil prices were largely unchanged near recent highs in early dealings on Monday, as the market weighed rising U.S. drilling activity...
The number of oil and gas rigs in the U.S. is down significantly from prior peaks but has recovered from the lows...
Following a round of freezing temperatures in most of the Eastern US, the U.S. Energy Information Administration (EIA) reported Thursday morning that...
The death toll in Gaza passed a somber milestone on Thursday as the local health ministry reported that more than 30,000 people had been killed in the war since Oct. 7.
The number of deaths since Israel launched its military offensive against Hamas in Gaza had already surpassed the tolls of any previous Arab conflict with Israel when it rose above 20,000 in December. Many experts say the official toll is very likely an undercount, given the difficulty of accurately tallying deaths amid unrelenting fighting, communications disruptions, a collapsing medical system and people still believed to be under the rubble.
The Dow Jones Industrial Average® (DJI) lost ground a third consecutive day Wednesday, and other major equity benchmarks also sagged as investors marked time ahead of Thursday's Personal Consumption Expenditures Price Index (PCE), a closely followed inflation reading.
The PCE is the Fed's preferred inflation gauge, and the spotlight on Thursday's numbers is particularly bright after two other measures earlier this month, the Consumer Price Index (CPI) and Producer Price Index (PPI), both posted stronger-than-expected increases, stirring worries inflation may be perking up. PCE numbers, like CPI and PPI, are expected to show inflation accelerated slightly in January.
Here's where the major benchmarks ended:
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By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
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