Ines Ferré·Senior Business Reporter|Yahoo Finance| Oil’s upward price movement is making the Federal Reserve’s path toward a 2% inflation target more difficult. The crude market’s...
Liam Halligan|The Telegraph| Oil prices are up almost a third over the last three months. It’s a hugely significant increase that could...
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...
OIL prices rose on Friday (Jan 3), closing the week higher on the back of cold weather in Europe and the US as well as additional economic stimulus flagged by China.
Brent crude futures settled higher by 58 cents at $76.51 a barrel, the highest level since Oct 14. US West Texas Intermediate crude settled up 83 cents to US$73.96, the highest level since Oct 11.
Brent notched a 2.4 per cent weekly gain, while WTI climbed nearly 5 per cent.
Signs of Chinese economic fragility heightened expectations of policy measures to boost growth in the world’s top oil importer.
“China just is unceasing at this point in terms of their announcements about trying to stoke economic activity, and the market’s taking note of that,” said John Kilduff, partner at Again Capital in New York.
The U.S. stock market rebounded Friday, but the rally failed to land the major indexes in positive territory for the week after a rough transition into 2025.
The Dow Jones Industrial Average gained 0.8% on Friday, while the S&P 500 rose a sharp 1.3% and the technology-heavy Nasdaq Composite jumped 1.8%, according to preliminary data from FactSet. The S&P 500 finished the holiday-shortened week without a so-called Santa Claus rally.
For the week, the S&P 500 fell 0.5%, the Dow retreated 0.6% and the Nasdaq fell 0.5%, according to the preliminary FactSet data. Next week, investors will be paying close attention to the U.S. jobs report due out on Jan. 10.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
The race to lower costs and accelerate production timelines in the Permian Basin has...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
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