U.S. stock futures rise after government shutdown averted
U.S. stock-index futures surged higher Sunday night after Congress narrowly avoided a government shutdown...
U.S. stock-index futures surged higher Sunday night after Congress narrowly avoided a government shutdown on Saturday.
Dow Jones Industrial Average futures YM00, 0.57% rallied about 200 points, or 0.6% late Sunday. S&P 500 futures ES00, 0.59% and Nasdaq-100 futures NQ00, 0.76% also gained.
Anemic prices, weaker natural gas demand, and cooler weather...
Anemic prices, weaker natural gas demand, and cooler weather have brought Appalachian Basin gas production to an average just shy of 35.1 Bcf/d this month, reflecting a decrease from August's nearly two-year high of 35.3 Bcf/d, according to S&P Global Commodity Insights. Northeast gas demand has dropped from more than 18.5 Bcf/d in August to 15.9 Bcf/d since mid-September, while spot gas prices at the Eastern Gas South hub were as low as 80 cents on Friday.
N.M. producers test the potential of gas reinjection tech
EOG Resources, Occidental Petroleum and Chevron are leading New Mexico's first pilot for closed-loop...
EOG Resources, Occidental Petroleum and Chevron are leading New Mexico's first pilot for closed-loop gas capture, a process that allows operators to reinject excess natural gas into active oil wells when pipeline disruptions occur and retrieve it later. The technology offers a promising solution to minimize waste and reduce emissions associated with venting and flaring, but data collection and reporting challenges are hindering effective oversight.
Historybook: American novelist and screenwriter Truman Capote born (1924); Babe Ruth...
Historybook: American novelist and screenwriter Truman Capote born (1924); Babe Ruth is first player to hit 60 home runs in a season (1927); Actor James Dean died in a car crash (1955); President John F. Kennedy authorizes federal troops to integrate University of Mississippi (1962); Oscar-winning actress Simone Signoret dies (1985).
New York City was hit with its heaviest rain in decades, which flooded roads and subway stations and delayed air travel. Both the mayor and New York’s governor declared states of emergency as images of the waterlogged city filled social media.
Bernard Arnault, the LVMH CEO who frequently trades the world’s richest person title with Elon Musk, is reportedly being investigated by French authorities for his business dealings with a Russian oligarch.
Scott Hall, a bail bondsman, became the only defendant to plead guilty so far in the government’s racketeering case against Donald Trump and 18 others over alleged interference with the 2020 election in Georgia.
Toys R Us is planning a comeback with 24 new brick-and-mortar stores, plus outposts in airports and on cruise ships.
US drillers cut oil and gas rigs for third quarter in a row
U.S. energy firms this week cut the ...
U.S. energy firms this week cut the total number of oil and natural gas rigs operating for a second week in a row, reducing the rig count for a third consecutive quarter, energy services firm Baker Hughes said in its closely followed report on Friday.
The total oil and gas rig count, an early indicator of future output, fell by seven to 623 in the week to Sept. 29, the lowest since February 2022. U.S. oil rigsfell by five to 502 this week, their lowest since February 2022, while gas rigsdropped by two to 116.
For the month,total oil and gas rigs in September fell by nine, their smallest monthly decline since April, dropping for a fifth month in a row.
Oil rigsfell for the 10th month in a row in September and for a third straight quarter, while gas rigs rose by one in September after falling by 13 in August.
While the total rig count fell by 51 in the third quarter, the cuts have slowed compared with a reduction of 81 in the second quarter as oil prices have rebounded due to tightening supplies.
