Story By Thomas Catenacci|Fox News|The Biden administration proposed a plan to lock up nearly 1.6 million acres of public lands from oil...
Story By Matthew DiLallo|The Motley Fool |Chevron (CVX) recently reported its second-quarter results. The headline was that the oil giant produced a $6 billion...
DUBAI, United Arab Emirates (AP) — The U.S. military is considering putting armed personnel on commercial ships traveling through the Strait of...
A story this week from Hart Energy highlighted the recent activity of South Texas operator Magnolia Oil & Gas, which closed a...
(Reuters) -Shale producers Pioneer Natural Resources Co and Devon Energy Corp on Tuesday tightened budgets and warned of lower drilling and completions...
By: Yahoo – The Railroad Commission of Texas has granted approval for the Trinity Gas Storage natural gas storage project (“Trinity“), a critical...
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By: CNBC – Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil...
LONDON/HOUSTON/SINGAPORE, (Reuters) – Oil inventories are beginning to fall in some regions as demand outpaces supply constrained by deep production cuts from...
By: Reuters – Britain on Monday committed to granting hundreds of licenses for North Sea oil and gas extraction as part of...
Oil futures finished higher on Friday, with news of tighter U.S. sanctions on Iran and Russia having the potential to disrupt global crude supplies.
U.S. crude prices gained for the week—their first in eight weeks—as traders continued to monitor rising trade tensions and their impact on the economy and oil demand.
-- West Texas Intermediate crude climbed 63 cents, or nearly 1%, to settle at at $67.18 a barrel on the New York Mercantile Exchange. According to Dow Jones Market Data, Prices increased by 0.2% for the week based on the front-month contract.
-- May Brent crude rose 70 cents, or 1%, to $70.58 a barrel on ICE Futures Europe. It tacked on 0.3% for the week.
-- April gasoline added 0.7% at $2.1487 a gallon, up 1.9% for the week, while April heating oil rose 0.2% to $2.1666 a gallon, but posted a weekly loss of 2.2%.
-- Natural gas for April delivery settled at $4.104 per million British thermal units, down 0.2% for the day and losing 6.7% for the week.
The U.S. stock market closed sharply higher on Friday in a big, broad rebound to mark the end of a bruising week that saw the S&P 500 land in correction territory amid tariff worries.
The S&P 500 climbed 117.42 points on Friday, or 2.1%, to finish at 5,638.94.
The Dow Jones Industrial Average rallied 674.62 points, or 1.7%, to close at 41,488.19.
The Nasdaq Composite jumped 451.07 points, or 2.6%, to end at 17,754.09.
For the week, the Dow fell 3.1%, the S&P 500 shed 2.3% and the technology-heavy Nasdaq dropped 2.4%. The Dow booked its biggest weekly loss since March 2023, while the S&P 500 and Nasdaq each dropped a fourth straight week for their longest losing streaks since August, according to Dow Jones Market Data.
Most of the contiguous US will face severe weather today and tomorrow as a vast low-pressure system moves east across the continent, bringing heavy precipitation, potential tornadoes, and wildfire conditions. The National Weather Service’s Storm Prediction Center issued a moderate risk (level 4 of 5) for severe thunderstorms alert, a rare call made three days in advance (the first in three years).
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Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
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...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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⛔️ Financing from the six largest Wall Street banks for oil, gas, and coal...
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