Crude prices slide over 4% on possible Hezbollah-Israel ceasefire
Oil prices dropped over 4% on Tuesday, with Brent settling...
Oil prices dropped over 4% on Tuesday, with Brent settling at $77.18 and WTI at $73.57 per barrel, primarily driven by news of a potential ceasefire between Hezbollah and Israel. The market remained volatile as conflicting reports emerged. While Hezbollah indicated openness to negotiations, tensions escalated with Israel making new incursions into southern Lebanon and warning residents away from specific buildings in Beirut's suburbs. Analysts noted the market's high sensitivity to headlines, with prices finding some support from concerns about possible attacks on Iranian oil infrastructure.
Chevron’s Texas Haynesville May Fetch $1B from Tokyo Gas
Chevron holds more than 70,000 net acres in Panola County, Texas, but had only...
Chevron holds more than 70,000 net acres in Panola County, Texas, but had only five Haynesville wells on the acreage at year-end 2023. TG Natural Resources is reportedly in talks to buy Chevron Corp.'s more than 70,000 of primarily undeveloped Haynesville acres in Panola County, Texas, for up to $1 billion.
Nasdaq sees best day in nearly 3 weeks as stocks rebound from Monday's selloff
U.S. stocks finished higher on Tuesday, as technology...
U.S. stocks finished higher on Tuesday, as technology shares powered a rebound in the broader market, propelling the Nasdaq Composite to its best day in nearly three weeks.
The Dow Jones rose 0.3% to end around 42,080 at 4 p.m. Eastern time, according to preliminary data from FactSet.
The S&P 500 popped nearly 1%, ending near 5,751.
The Nasdaq Composite surged 1.5% to finish around 18,182. The tech-heavy index scored its largest one-day point and percentage gain since Sept. 19.
Chevron, in Hess Holding Pattern, Sells $6.8B in Alaska, Canada
Chevron Corp. is selling non-core assets in...
Chevron Corp. is selling non-core assets in Canada and Alaska as the U.S. supermajor waits to close a $55 billion acquisition of Hess Corp.
Chevron and its affiliates are raising $6.5 billion in cash through the sales of Athabasca Oil Sands assets and Duvernay Shale assets in Canada, the company said Oct. 7. Calgary-based public Canadian Natural Resources Ltd. is the buyer.
More quietly, on Oct. 4, ConocoPhillips announced a purchase agreement to acquire non-operated interests from Chevron on the North Slope of Alaskafor $300 million.
Oil and natural gas producer Infinity Natural Resources has filed for...
Oil and natural gas producer Infinity Natural Resources has filed for an initial public offering on the NYSE after nearly doubling its revenue to $120.7 million in the first half of 2024. The company is backed by investment firms Pearl Energy Investments and NGP Capital.
