DENVER—Lower for longer crude prices have transformed the oil and gas industry as streamlining and efficiencies forced by the downturn stick. At...
The US oil rig count has fallen for the first time in 24 weeks, ending a record streak. The oil rig count...
The movement of Oklahoma’s energy production to market is very much a geographic story with location at the very center of current Energy...
Parts of the United States have seen a sharp uptick in the amount of seismic activity over the past few years. These...
Tropical Storm Cindy—which made landfall in southwest Louisiana on Thursday and is moving northeast across the U.S.—has shut in around one-sixth of...
The US oil rig count rose by 11 to 758, according to oilfield-services company Baker Hughes. The oil-rig count has risen for...
Most American adults (51%) would be happy if their children chose a career in the oil and natural gas industry, but for...
Two oil and gas companies recently paid more than $1 million each for the right to drill on state-owned land. The payouts...
TULSA — ONEOK Inc. said Monday it will expand energy infrastructure in Oklahoma’s STACK play to serve growth from EnLink Midstream Partners...
June 16, 2017 by Tom Terrarosa U.S. oil and natural gas producers added six drilling rigs over the past week, bringing the...
U.S. stocks finished mixed Thursday as the broad selling pressure from the first two trading days of the year abated somewhat and investors look ahead to Friday's Nonfarm Payrolls report, which will likely shape expectations for Federal Reserve policy and the path of interest rates in early 2024.
Technology shares remained under pressure as tech bellwether Apple (AAPL), part of the so-called Magnificent Seven companies that posted outsized gains in 2023, took its second analyst downgrade of the year. Tech weakness continued to weigh on the Nasdaq Composite® (COMP), which fell for the fifth straight day and ended at its lowest level since mid-December.
According to Nathan Peterson, director of derivatives analysis at the Schwab Center for Financial Research, Friday's Labor Department jobs report could be one of a few key "catalysts" for market direction early this year. Next week brings the December Consumer Price Index(CPI) and the unofficial start to the fourth-quarter earnings season. He also noted investors continued to "rotate" into some of 2023's weakest-performing sectors, as evidenced by strength in financial services, health care, and utilities.
"Stocks are attempting to stabilize after a rough start to 2024, with evidence of a 'rotation trade' still being seen," Petersen said. "An important question for investors could be, 'How long does the rotation out of last year’s winners and into the underperformers persist?'" Here's where the major benchmarks ended:
The S&P 500® index (SPX) was down 16.13 points (0.3%) at 4,688.68; the Dow Jones Industrial Average® (DJI) was up 10.15 points at 37,440.34; the Nasdaq Composite was down 81.91 points (0.6%) at 14,510.30.
The 10-year Treasury note yield (TNX) was up about 9 basis points at 3.997%.
The Cboe® Volatility Index (VIX) was up 0.08 at 14.12.
Benchmark U.S. crude oil for February delivery fell 51 cents to $72.19 per barrel Thursday. Brent crude for March delivery fell 66 cents to $77.59 per barrel.
Wholesale gasoline for February delivery fell 5 cents to $2.11 a gallon. February heating oil fell 2 cents to $2.59 a gallon. February natural gas rose 15 cents to $2.82 per 1,000 cubic feet.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Have your oil & gas questions answered by industry experts.