Oil Price Slide Eases as Tropical Cyclone Looms over Gulf of Mexico
On Monday, oil prices responded more to European economic data than the...
On Monday, oil prices responded more to European economic data than the potential oil supply disruption from the Gulf of Mexico or intensifying conflict developments in the Middle East.
Oil prices closed lower on Monday as worries about demand were compounded by disappointing euro zone business activity and a weak Chinese economy.
Brent crude futures for Novembersettled down 59 cents, or 0.8%, to $73.90 a barrel, while U.S. crude futures for Novemberfell 63 cents, or 0.9%, to $70.37.
Eurozone business activity contracted sharply and unexpectedly this month as the bloc’s dominant services industry flatlined while a downturn in manufacturing accelerated.
U.S. stock-market indexes start week with gains as post-Fed rally continues
U.S. stocks ended higher on Monday, extending last week's...
U.S. stocks ended higher on Monday, extending last week's rally following the Federal Reserve’s 50 basis-point rate cut.
According to preliminary closing data from FactSet, the Dow Jones Industrial Average closed roughly 0.1% higher, marking its third straight daily gain and record close.
The S&P 500 finished up 0.3% to a record close, its 40th record close of the year.
Biden threatens veto after House vote on EPA tailpipe rule
The House of Representatives has voted 215-191 to rescind the Environmental...
The House of Representatives has voted 215-191 to rescind the Environmental Protection Agency's tailpipe emissions regulation for light- and medium-duty vehicles, prompting President Joe Biden to issue a veto threat. The American Petroleum Institute hailed the vote as "an important first step to restore the ability of all Americans to select the car or truck that best fits their budget and lifestyle."
SLB, NVIDIA partnership to unlock generative AI for energy
SLB and NVIDIA are deepening their long-standing collaboration to bring...
SLB and NVIDIA are deepening their long-standing collaboration to bring generative AI solutions to the energy industry. "Custom models created by SLB leveraging NVIDIA NeMo will provide the industry's scientists and engineers unprecedented insight to speed their work in optimizing the energy supplies today and unlocking the clean energy innovations of tomorrow," said NVIDIA founder and CEO Jensen Huang.
RRC Investigating 5.1 magnitude earthquake near Midland
The Railroad Commission of Texas [RRC], the agency overseeing the state's...
The Railroad Commission of Texas [RRC], the agency overseeing the state's oil and gas production, is investigating a powerful 5.1-magnitude earthquake that struck West Texas last Monday, one of the strongest quakes in Texas history, for any connection to the state's produced water disposal wells related to petroleum extraction. The quake, which originated 28 miles north of Midland and shook cities across the western part of the state, was one of over 50 earthquakes that have hit Martin and surrounding counties in the last week, prompting the agency to examine whether these seismic events are linked to the disposal of wastewater produced during oil and gas operations.
