In the oil and gas sector, ExxonMobil, Chevron, and Shell have recently marked a significant shift towards rewarding investors, emphasizing a steadfast...
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As the International Energy Agency (IEA) celebrates its 50th anniversary, a growing discourse suggests that the time has come for a significant...
As Hawthorne Heights once said in the early 2000s, “I can’t make it on my own, because my heart is in Ohio”. ...
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Story By Jason Plautz | E&E News | In the three years since deadly blackouts paralyzed Texas, two major winter storms have hit...
The oil and gas sector’s road to recovery from the pandemic-induced disruptions is marked by a complex interplay of factors that underscore...
On Tuesday night, numerous emergency crews and authorities responded to a gas pipeline explosion near the Texas-Oklahoma border. Videos of the explosion...
In an unprecedented shift in the energy landscape, the oil and gas industry is poised to channel more than $1 trillion into...
By Rakteem Katakey |Bloomberg, via RigZone.com| Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that...
U.S. crude oil futures rose from post-settlement levels Tuesday after the American Petroleum Institute reported a larger-than-expected decline in weekly domestic crude oil inventories.
U.S. stocks finished mostly lower on Tuesday afternoon, as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday for decisions on interest rates and guidance on the future direction of monetary policy.
The Dow Jones Industrial Average fell 125.55 points, or 0.3%, to end at 45,757.90, according to FactSet data.
The S&P 500 was off 8.52 points, or 0.1%, to finish at 6,606.76.
The Nasdaq Composite was down less than 0.1%, leaving it nearly flat, at 22,333.96.
Fed-funds futures traders were pricing in a 96% likelihood of at least a quarter-point rate cut on Wednesday, according to the CME FedWatch Tool. But investors are laser-focused not just on the policy decision itself, but also on Fed Chair Jerome Powell’s press conference and the updated Summary of Economic Projections — also known as the “dot plot” — which will show where policymakers expect the federal-funds rate to be by the end of this year and in 2026.
The Fed is expected to release its monetary-policy statement and economic projections at 2:00 p.m. Eastern time on Wednesday, followed by a press conference with Powell at 2:30 p.m.
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Targa Resources Corp. has launched a non-binding open season for its proposed Forza Pipeline...
Diversified Energy Company Plc has announced a $550 million acquisition of Canvas Energy, a...
Reporting by Gavin Maguire | (Reuters) – U.S. power developers are planning to sharply...
Authored by Jill McLaughlin via The Epoch Times, | California regulators fearing a dramatic...
Data centers across the United States are increasingly grappling with one of the most...
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Canada’s ambitions to become a global energy powerhouse gained momentum just two months after...
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