Story by Andreas Exarheas| RigZone.com|In a research note sent to Rigzone late Friday, analysts at J.P. Morgan said their high-frequency demand indicators estimate...
Republican presidential candidate Donald Trump raised tens of millions of dollars during a fundraising swing through Texas this week. Trump promised his...
Memorial Weekend, a time-honored tradition in the United States, holds a profound significance as we pause to remember and honor the men...
In Ohio and Pennsylvania, the interaction between landowners and oil and gas companies has been complex and contentious. Both states have seen...
Kinder Morgan has acquired nearly 12,000 acres in Texas for oil and gas operations, driven by the U.S. Inflation Reduction Act’s carbon...
Story by Jov Onsat|Rigzone Staff| APA Corp. has signed two agreements divesting non-core producing oil and gas properties in the Eagle Ford...
Phillips 66 has entered into an agreement to acquire Pinnacle Midland Parent LLC from Energy Spectrum Capital for $550 million in cash,...
Story by Andreas Exarheas|RigZone.com|The Iranian President’s death is unlikely to affect relations with Israel since hardliners are almost certain to remain in...
In Oklahoma, summary administration offers an expedited process for settling estates, which is particularly valuable when dealing with oil and gas mineral...
Forced pooling, also known as compulsory pooling or statutory pooling, is a legal mechanism that allows oil and gas companies to force...
(Reuters) - Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities.
Brent crude futures closed down $5.53, or 7.2%, at $71.48 a barrel, while U.S. West Texas Intermediate crude (WTI) eased $5.33, or 7.2%, to $68.51.
Brent's 7.2% drop was the steepest since August 2022. The benchmark traded in a $10 range, the widest since July 2022.
Both benchmarks were down nearly 9% in after-hours trading.
"Oil flows for now aren't the primary target and are likely not to be impacted, I think it's going to be military retaliation on U.S. bases and/or trying to hit more of the Israeli civilian targets," said John Kilduff, a partner at Again Capital.
Oil fell sharply after Iran retaliated against U.S. airstrikes on its main nuclear sites with a missile attack on the Al Udeid U.S. airbase in Qatar, the largest U.S. military installation in the Middle East. No U.S. personnel were killed or injured in Iran's attack, two U.S. officials told Reuters.
U.S. stocks ended higher after volatile swings on Monday, after Iran launched missiles at a U.S. military base in Qatar — though reports said Iran gave advanced warnings. At the same time, no U.S. personnel were killed or injured in the attack.
The Dow Jones Industrial Average went up 374.96 points or 0.9% to end at 42,581.78 for back-to-back gains, according to the Dow Jones Market Data.
The S&P 500 rose 57.33 points or 1% to finish at 6,025.17, snapping a three-day losing streak.
The Nasdaq Composite gained 183.56 points or 0.9% to close at 19,630.97.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
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...
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...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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....
Have your oil & gas questions answered by industry experts.