AFP, via Yahoo News. The United States confirmed Friday that it seized a tanker load of Iranian oil in April, just before...
By: Rocky Teodoro – RigZone – Magnolia Oil & Gas Corp. has entered into a definitive agreement to acquire certain oil- and...
By: Clyde Russell – Reuters – The liquefied natural gas (LNG) industry has changed its tune from saying it is a transition fuel...
(Bloomberg) — The Biden administration is taking steps to thwart oil development in remote reaches of Alaska by canceling leases to drill...
SAN JUAN, Puerto Rico (AP) — Hurricane Lee whirled through open waters on Thursday as forecasters warned it could become the first...
By: CNBC – UAE oil giant ADNOC — run by the president of the COP28 climate conference — is expected to spend...
By Salman Ghouri and Farris Ahmad|OilPrice.com, via Yahoo News|The oil industry is quite familiar with the concept of a “Peak Oil Supply,”...
BILLINGS, Mont. (AP) — A Louisiana company will receive $2.6 million to relinquish the last remaining oil and gas lease on U.S. forest...
Warren Buffett was born in Omaha in 1930. He developed an interest in the business world and investing at an early age,...
Saudi Arabia is considering an offering of additional Saudi Aramco shares of stock that could shatter records, the Wall Street Journal reported. A...
Stocks ended higher on Monday after the Dow Jones Industrial Average reversed its earlier losses, as Deputy Treasury Secretary Michael Faulkender said that the Trump administration is "close to the finish line on a couple" of trade deals, though trade tensions between the U.S. and China flared.
"This morning’s news of trade deals being near the finish line is supporting a bullish reversal in equities after mounting U.S.-China tensions drove early volatility," José Torres, senior economist at Interactive Brokers, wrote in a Monday note.
"Maintaining an adversarial posture against Beijing is tolerable for markets and the economy as long as there are agreements with most other cross-border commerce partners," he added.
The Dow Jones Industrial Average gained 35.41 points, or 0.1%, to end at 42,305.48, for its third straight daily gain, according to Dow Jones Market Data.
The S&P 500 rose 24.25 points, or 0.4%, to close at 5,935.94.
The Nasdaq Composite increased 128.85 points, or 0.7%, to finish at 19,242.61.
JPMorgan Chase & Co.’s chief executive, Jamie Dimon, came out on Monday with another warning about the bond market that some observers said could prompt more investors to look around the world and at other asset classes for protection.
In an interview with the Fox Business Network’s “Mornings with Maria” show, Dimon said the worsening fiscal situation in the U.S. is a “big deal” and “a real problem,” and that “the bond markets are going to have a tough time” at some point, although he doesn’t know if it will be in “six months or six years.” He added that the U.S. needs to take steps aimed at growth and pro-business measures.
His comments came as U.S. government debt sold off in New York trading amid a continued focus on a growing federal deficit that could widen even further under the Trump administration’s tax-cut agenda.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Have your oil & gas questions answered by industry experts.