Over the past year, few currencies have done worse than Russia’s rouble. Last September an American dollar bought just over 60 of...
SANTA BARBARA, Calif. (AP) — ExxonMobil lost a court bid Wednesday to truck millions of gallons of crude oil through central California...
LONDON (AP) — Britain on Wednesday gave the go-ahead for a major oil and gas project in the North Sea, ignoring warnings...
The Fed, Interest Rates and Inflation; a Story By Sarah Foster |Bankrate| Consumers and investors were spared from a 12th rate hike...
Story By Marc Sternfield|KTLA, via Yahoo News| Gasoline prices in California edged higher again on Tuesday, hitting an average of $5.84 per...
STORY By By MACK WILOWSKI |Investopedia| Higher oil prices likely won’t cause consumer spending and gross domestic product (GDP) to decline, Goldman Sachs (GS) analysts said...
Story By Chris Mathews | Hart Energy, via Yahoo News| Midcontinent oil and gas producer Mach Resources is planning to go public,...
By: Carlsbad Current-Argus – Oil and gas operations in the Permian Basin continued to decline this week, signaling American supplies were meeting...
Story By Alex Mills | Wichita Falls Times Record News| Saudi Arabia’s decision to reduce its oil supply has played a significant...
Story By Carla Sands |The Telegraph| At the G20 conference this month, President Biden stated that “the only existential threat humanity faces...
U.S. stocks shrugged off earlier weakness on Thursday to post modest gains, helping to bring the three major equity indexes closer to reclaiming record territory.
Investors monitored inflation data, Iran tensions, and trade developments. President Trump said countries should expect letters about tariffs as his early July deadline on a 90-day pause on trade levies nears.
The Dow Jones Industrial Average rose 101.85 points, or 0.2%, to 42,967.62. Boeing Co. shares fell 4.7% after an Air India 787 Dreamliner jet crashed, keeping a lid on the Dow's gains.
The S&P 500 index added 23.02 points, or 0.4%, closing at 6,045.26.
The Nasdaq Composite advanced 46.61 points, or 0.2%, finishing at 19,662.48.
The S&P 500 has been taking baby steps toward reclaiming record levels since crossing back over the 6,000 mark last week. It needs to end above its 6,144.15 record set on Feb. 19.
According to data from the EIA Petroleum Status Report, crude oil inventories in the US fell by 3.644 million barrels in the week ending June 6, 2025, more than market expectations of a 2.5 million barrel decrease.
Also, stocks in the Cushing, Oklahoma, delivery hub decreased by 403 thousand barrels.
Among refined fuels, gasoline stocks rose by 1.504 million barrels and stocks of distillate fuels increased by 1.246 million barrels, both above expectations.
Story By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) revealed its...
By a 6–0 vote, the Texas Supreme Court has handed a major victory to...
The U.S. Interior Department has proposed a major rule change that could reshape onshore...
Story By Andreas Exarheas| RigZone.com |Executives from oil and gas firms have revealed where...
Global energy markets are watching a delicate balancing act unfold. Between renewed signals of...
By Tsvetana Paraskova for Oilprice.com | Equinor and its partners have decided to invest...
🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
(Reuters) -An $88 million satellite backed by billionaire Jeff Bezos that detected oil and...
Energy Exploration Technologies Inc. (EnergyX) has struck a major deal to expand its position...
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