Dow, S&P 500 and Nasdaq close at fresh records as U.S. stocks score weekly gains
All three major U.S. stock indexes closed at all-time...
All three major U.S. stock indexes closed at all-time highs on Friday, booking weekly gains in the wake of the Federal Reserve’s decision to lower interest rates.
The Dow Jones Industrial Average rose 0.4%, while the S&P 500 gained 0.5% and the Nasdaq Composite climbed 0.7%, according to preliminary data from FactSet. The S&P 500 index notched its 27th record closing peak of the year.
For the week, the S&P 500 gained 1.2%, the Dow increased 1.1% and the tech-heavy Nasdaq rallied 2.2%, the preliminary data from FactSet showed.
Oneok has launched an open season for its proposed 200,000-barrel-per-day...
Oneok has launched an open season for its proposed 200,000-barrel-per-day Sun Belt Connector from El Paso, Texas, to Phoenix, while Kinder Morgan is weighing a smaller expansion of its SFPP East Line to Tucson, Ariz. The expansions aim to shore up Arizona's fuel supplies ahead of the closure of two California refineries that provide much of the state's fuel. To help offset the shortfall, refiners in Washington state plan to ramp up production of Carb gasoline.
WaterBridge valued at $2.6B after strong NYSE debut
Oilfield water management company WaterBridge Infrastructure has netted...
Oilfield water management company WaterBridge Infrastructure has netted $634 million in an outsized initial public offering of 31.7 million shares listed on the New York Stock Exchange and NYSE Texas. The company's market cap was set at about $2.3 billion at pricing and climbed to roughly $2.6 billion after its shares gained 14% on debut, reflecting renewed investor appetite for energy IPOs.
Faster permitting not enough to ease gas project bottlenecks
At the Energy Bar Association's recent 2025 Energy Forum, natural gas...
At the Energy Bar Association's recent 2025 Energy Forum, natural gas executives said midstream project schedules remain strained by supply chain bottlenecks and legal challenges, even as federal permitting timelines improve. They urged Congress to lock in reforms that would shield projects from lengthy litigation and regulatory swings. Analysts project US gas demand will surge to 143 Bcf/d in 2031, a pace that executives warned current infrastructure cannot match.