JERUSALEM (AP) — Yemen’s Houthi rebels seized an Israeli-linked cargo ship in a crucial Red Sea shipping route on Sunday, officials said, taking over...
By: Reuters – A U.S. jury has convicted two Texas men of trying to sell Iranian petroleum in violation of sanctions imposed...
By: S&P Global – Rising natural gas-to-oil ratios will continue to support gas production in the US’ Bakken Shale, Oneok executives said....
Story By Arathy Somasekhar HOUSTON, (Reuters) – U.S. oil pipeline and export terminal operators are stepping up quality checks on WTI Midland...
Story By Sabrina Valle, Shariq Khan and David French|Reuters| Chevron Corp (CVX.N) said it is evaluating options for around 70,000 net acres of land in East Texas’ Haynesville...
Story By Spencer Kimball |CNBC.com| ExxonMobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation...
By: The Texas Tribune – Attorneys for the city of Midland, the oil capital of Texas, made an unusual request to regulators...
By: S&P Global – Environmental scores indicate that the oil and gas industry’s path to net-zero greenhouse gas emissions is being blazed...
The acquisition from Paloma will add approximately 62,000 net acres spanning across Canadian, Grady, McClain, Caddo, Custer, Dewey, Blaine, and Kingfisher counties,...
Story By Patrick McGee|Hart Energy, via Yahoo News| Reserve-based lending (RBL) is expected to decline as a source of capital for independent...
Trump's changing tariff plans, meanwhile, pull U.S. oil prices down for a seventh straight week.
Oil futures settled higher on Friday, buoyed by reported U.S. plans to refill the nation's Strategic Petroleum Reserve to full capacity, which would lead to tighter global supplies.
Prices for crude also found support after a Russian deputy prime minister reportedly said OPEC+ could reverse its decision to begin increasing production next month if the market appears unbalanced.
Crude prices, however, ended lower for the week, with the U.S. benchmark notching a seventh straight weekly decline on concerns that tariffs will slow the economy and energy demand.
-- West Texas Intermediate crude for April delivery rose 68 cents, or 1%, to settle at $67.04 a barrel on the New York Mercantile Exchange, leaving the U.S. benchmark down 3.9% for the week, according to Dow Jones Market Data. That marked a seventh straight weekly loss, the longest such losing streak since December 2023.
-- May Brent crude, the global benchmark, climbed 90 cents, or 1.3%, to $70.36 a barrel on ICE Futures Europe, for a 3.4% weekly decline.
-- April gasoline RBJ25 added 0.4% to $2.11 a gallon but lost 5.1% for the week, while April heating oil HOJ25 lost nearly 0.4% to $2.22 a gallon, posting a weekly decline of 4.3%.
-- Natural gas for April delivery NGJ25 settled at $4.40 per million British thermal units, up 2.3% Friday to end 14.7% higher for the week.
U.S. stocks closed higher Friday after remarks from Federal Reserve Chair Jerome Powell appeared to calm the nerves of investors worried about the economic impact of new White House policies such as tariffs.
The Dow Jones Industrial Average rose 222.64 points Friday, or 0.5%, to finish at 42,801.72.
The S&P 500 gained 31.68 points, or 0.6%, to end at 5,770.20.
The Nasdaq Composite advanced 126.97 points, or 0.7%, to close at 18,196.22.
Stocks reversed losses seen earlier Friday as investors assessed signs of a cooling labor market in the latest jobs data released ahead of the opening bell. Stocks rebounded after Fed Chair Powell said Friday at an event hosted by the University of Chicago Booth School of Business that the “U.S. economy continues to be in a good place” and the central bank’s monetary policy was “well positioned to wait for greater clarity.”
Still, all three major U.S. equities benchmarks had weekly losses, with the S&P 500 seeing its worst week since early September.
For the week, the Dow fell 2.4%, the S&P 500 dropped 3.1% and the technology-heavy Nasdaq slid 3.5%, according to Dow Jones Market Data. The S&P 500 and Nasdaq each booked a third straight weekly loss.
By Michael Kern for Oilprice.com | TotalEnergies, along with its partners QatarEnergy and the national...
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
Canadian midstream operator Enbridge has approved final investment decisions on two new gas transmission...
Ian M. Stevenson | EENews.net | Falling royalty rates for oil and gas production...
By Felicity Bradstock for Oilprice.com | Following the massive growth in global renewable energy...
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...
The U.S. oil and gas industry is entering a period of retrenchment, marked by...
[energyintel.com] A data center boom in the US is straining the grid and pushing...
Have your oil & gas questions answered by industry experts.