Next week, Oklahomans will decide who takes a seat on the Oklahoma Corporation Commission, which oversees utilities and the oil and gas...
By Trevor Hawes, Editorial Director | Midland Telegram Reporter |A thunderstorm in West Texas can certainly be an amazing sight to see, but...
by Bloomberg| G.Smith, S.Cheong, A.Longley, M.Gindis |Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as...
With the U.S. presidential election less than a week away, energy policy has become a key topic of debate, especially around the...
Georgina McCartney | Reuters |A top economist for the state of New Mexico, the second-largest oil-producer in the U.S., this week released...
Ukraine is struggling to meet its gas storage target for this winter, falling short of the 13.2 billion cubic meters (Bcm) goal...
In the Permian Basin, a prime oil-producing territory, a critical issue has surfaced: the theft of crude oil. FBI findings reveal increased...
Overview: Preparing for the 2024-2025 Winter Heating Season As winter approaches, both natural gas utilities and consumers brace for a season impacted...
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter | In the largest attack by Israel on...
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.
In a split vote, the central bank voted to reduce its benchmark interest rate by 25 basis points to a new range of 4.25%-4.5%, initiating its third consecutive rate cut of 2024 despite signs that inflation isn’t entirely going away.
The recent dip in oil prices, attributed to demand concerns arising from economic updates from Germany and China, highlights the ever-changing dynamics in the global energy market. With Brent and WTI crude prices falling to their lowest in a week, this movement underscores the sensitivity of oil markets to geopolitical and economic signals.
Brent Crude February futures fell 1% to $73.19 a barrel, the lowest since December 10. US crude futures due in January fell 0.9%, or 63 cents to $70.08 a barrel.
That puts both crude benchmarks on track for their lowest closes since Dec. 10 and cut the premium of Brent over WTI to a 12-week low of $3.56 a barrel, based on the February contracts.
U.S. stocks finished lower on Tuesday, with the Dow Jones Industrial Average posting its longest losing streak since February 1978, as investors digested the strong retail-sales data and awaited the Federal Reserve's policy decision, due out on Wednesday afternoon.
The Dow fell 0.6% to end near 43,450, according to preliminary data from FactSet.
The S&P 500 was off 0.4% to finish around 6,050.
The Nasdaq Composite dropped 0.3%, ending around 20,109.
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President Donald Trump’s latest legislative push, known as the “One Big Beautiful Bill,” marks...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
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 Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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