Story by Andreas Exarheas| RigZone.com |Macroeconomic factors, strong supply, and weather disruptions are expected to weigh on oil and energy prices in 2025,...
Beneath the surface of modern energy production lies an escalating environmental and public health crisis: zombie wells. These abandoned oil and gas...
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By Jarrett Renshaw (Reuters) – U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs...
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(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with Palantir Technologies. This deepened collaboration aims to bring...
U.S. stocks ended a holiday-shortened week on a mixed note Friday, but saw the S&P 500 book its strongest May advance since 1990.
The Dow Jones Industrial Average shook off pressure tied to renewed U.S.-China trade tensions, ending with a gain of 54.34 points, or 0.1%, at 42,270.07. The S&P 500 saw a fractional loss of just 0.48 point to end at 5,911.69, while the Nasdaq Composite shed 62.11 points, or 0.3%, to close at 19,113.77.
Stocks saw modest pressure in early trade after President Donald Trump, in a social-media post, blasted China — accusing it of failing to live up to a preliminary agreement, reached earlier this month, that saw both countries mutually cut tariffs that had topped 100% amid April's trade tensions. Equities briefly extended losses after a news report that said the U.S. was planning to widen sanctions on China's tech industry.
But stocks clawed back those losses by the bell, putting a cap on a winning week that had seen equities buoyed by strong earnings from chip giant and artificial-intelligence bellwether Nvidia Corp. Investors were also dealing with increased trade uncertainty after a U.S. trade court late Wednesday ruled to void the bulk of Trump's tariff measures, but saw that ruling stayed Thursday by an appeals court, pending appeal.
After three straight monthly declines, stocks saw big May gains, with the S&P 500 up 6.15%, while the Dow advanced 3.94% and the Nasdaq gained 9.56%. That marked not only the best May since 1990 for the S&P 500, but the best performance of any month for both the S&P 500 and Nasdaq since November 2023, according to Dow Jones Market Data.
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By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
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By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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