US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace talks affects oil price volatility Trump says the...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more than quadrupling from the previous year despite a...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West Texas Intermediate (WTI) average spot crude oil price...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum System, an oil and gas province that stretches...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove record crude output in the U.S. over the...
The race to lower costs and accelerate production timelines in the Permian Basin has pushed operators to continuously rethink completion strategies. The...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d in late 2025, leading to lower crude prices....
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing, the new administration has approved a strategy that...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal projects fell 25% in the first seven months...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off non-core assets and pushing forward in its debt...
U.S. crude futures fell 1.3% to $81.46 a barrel and are more than 2% lower so far this week amid disappointing economic data out of China in recent days. Brent crude fell 1% to $85.31.
"After a nice seven-week rally, oil was ripe for a pullback," says Oanda's Edward Moya in a note. "If China doesn't get some major stimulus, global growth concerns won't be going away anytime soon. The oil market is likely to remain tight, but if China jitters intensify, Brent crude could still drop a few dollars."
Oil investors now turn their attention to weekly reports on U.S. oil inventories, first from trade group API at 4:30 pm ET, and followed by official EIA data tomorrow morning.
Former President Donald J. Trump and 18 others, including some of his former lawyers and top aides, have been indicted by an Atlanta grand jury in a sweeping racketeering case focused on Mr. Trump’s efforts to reverse the results of the 2020 election in Georgia.
The indictment — handed up after a single, extra-long day of testimony — is an unprecedented challenge of presidential misconduct by a local prosecutor. It brings charges against some of his most prominent advisers, including Rudolph W. Giuliani, his former personal lawyer, and Mark Meadows, who served as White House chief of staff at the time of the election.
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