Chevron Corp, one of the world’s leading oil companies, announced on Friday that its annual oil and gas production is expected to...
In a groundbreaking move towards a greener future, Victoria, the second-most populous state in Australia, has announced its decision to prohibit natural...
Story By Andreas Exarheas|RigZone|If Russia’s government were to collapse, we would likely see substantial oil and gas upstream production declines. That’s what...
Story By Chris Oberholtz |Fox Weather| America’s largest electric grid operator has issued a Level-1 energy emergency alert as the tremendous demand...
Story Credit: Terence West |EnergyPortal.eu| A major milestone has been reached in the global clean energy sector. In June, the capacity of...
Second-quarter profits for Shell and TotalEnergies took a significant plunge from the high earnings of 2022, as oil and gas prices, refining...
By: Yahoo – EQT, the biggest U.S. natural gas producer, entered into a liquefied natural gas (LNG) agreement with U.S. energy firm...
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By: Desert Sun – Central California residents once again found themselves blindsided and alarmed last month when a state task force found more than...
By: Reuters – The U.S. government will provide up to $700 million in funding to monitor and reduce methane emissions from the...
Stocks scored back-to-back gains on Tuesday as investors waited on an inflation update due Wednesday from the June consumer-price index. The Dow Jones Industrial Average posted a near 317-point gain, advancing 0.9%, to end near 34,260, according to preliminary FactSet data. That marks its biggest daily percentage gain since June 15, according to FactSet. The S&P 500 index closed up 0.7%, while the Nasdaq Composite Index gained 0.6%.
Stocks have been on the upswing ahead of a key inflation reading for June, with the consumer price index expected to show further progress in retreat from its peak above 9% last summer. The Federal Reserve has indicated it likely has a few more rate hikes on tap this year to help bring inflation down toward its 2% annual target. Investors also will be tuning into second-quarter earnings, which kick off in earnest later in the week with results from some of the nation’s biggest banks.
@exxonmobil signals profit drop, cites lower prices
Operating earnings dropped to about $7.8 billion, when surging oil and gas prices after Russia's invasion of Ukraine boosted global energy results to record levels.
Read more on https://t.co/F1Gjv1sWnn#OGNews #profit pic.twitter.com/FiznawwAi1
— OGN - Media for the Energy Future (@OGN_Online) July 11, 2023
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
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....
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Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
(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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