“The new administration will lift regulations, stop subsidizing green energy and seek LNG build-outs to place more demand on natural gas,” By...
When conflicts erupt, the fighting doesn’t always unfold on battlefields. Sometimes, it happens across negotiation tables, along energy pipelines, or in the...
President Joe Biden is on track to enact a permanent ban on future offshore oil and gas drilling in certain parts of...
Minot Daily News | BISMARCK – A recently completed case study evaluating the middle Three Forks reservoir within the Bakken Petroleum System...
A major environmental crisis has been unfolding in the Kerch Strait, a narrow passage linking Russia’s Krasnodar region and the Crimean Peninsula,...
by Andreas Exarheas| RigZone.com | Crude oil futures could see better prospects as traders return from the holiday break, focusing on a potential...
Cheniere Energy, Inc. (NYSE: LNG), a leading producer and exporter of liquefied natural gas (LNG), has announced the first production of LNG...
Natural gas futures have been climbing, sparked by new weather forecasts pointing to bitter cold arriving in major population centers as soon...
🔘 Despite record-breaking EV sales in China and Norway, global oil demand remains strong. 🔘 While China’s EV market surges, its oil...
by Bloomberg, via RigZone.com |Weilun Soon| The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker...
Americans this weekend are likely to pay the lowest gas prices at the pump on the Labor Day holiday since the pandemic, thanks in part to Wall Street bracing for a sharp slowdown in travel this fall.
While summer’s end typically coincides with a pullback in travel, this year has been complicated by foiled U.S. efforts to squash the flow of crude from Russia, contributing to the first monthly drop in oil prices since April.
Against that backdrop, GasBuddy said earlier this week that it expects gas prices on the last summer holiday weekend of this year to average $3.15 a gallon. That would be the lowest Labor Day price at the pump since 2020, it noted.
“When it comes to gas prices, it’s been the cheapest summer to hit the road since the pandemic, a trend that will likely continue with the potential for the national average to fall below $3 per gallon this fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy, in a press release.
The U.S. stock market closed lower Friday, weighed down by Big Tech as all three major benchmarks saw weekly losses but still finished August with monthly gains.
The Dow Jones Industrial Average retreated 92.02 points on Friday, or 0.2%, to close at 45,544.88.
The S&P 500 fell 41.60 points, 0.6%, to end at 6,460.26.
The Nasdaq Composite dropped 249.61 points, or a sharp 1.1%, to finish at 21,455.55.
The big event on the U.S. economic calendar Friday was the fresh inflation data from the personal-consumption-expenditures price index, which was in line with Wall Street’s expectations.
“There’s no new justification” for the stock market’s selloff on Friday, except for maybe investors wanted to dodge September as the historically worst month for returns, said José Torres, senior economist at Interactive Brokers, in emailed comments. On the last trading day of August, investors were “grabbing profits,” following the S&P 500’s rally so far this year, he said.
The S&P 500 has rallied 9.8% in 2025, including an August gain of 1.9%. The Dow climbed 3.2% in August while the tech-heavy Nasdaq finished with a monthly gain of 1.6%. The U.S. stock market will be closed on Monday in honor of Labor Day.
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
Data centers across the United States are increasingly grappling with one of the most...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
By Mella McEwen,Oil Editor | MRT | Crude prices have spent much of the year...
Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
Have your oil & gas questions answered by industry experts.