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...
Story By Jerry Bohnen |OK Energy Today| A new Oklahoma Energy Index shows core inflation in the U.S. not only has driven...
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...
Story from the Wall Street Journal | Collin Eaton with the WSJ is reporting that Chevron’s board of directors is waiving the company’s...
Story By Terence West |EnergyPortal.eu| The New Mexico Supreme Court has ruled in favor of an oil company in a dispute with...
Story By Ari Natter|Bloomberg| China would be blocked from purchasing oil from the US’s emergency SPR stockpile under legislation slated for a...
A new regulation announced by the Biden administration on Thursday signifies cost escalation for oil and gas corporations seeking to drill on...
Oil prices inched up on Thursday, bouncing back from two-week lows, after data showed falling crude and fuel inventories in the United States.
Both benchmarks had settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row, after OPEC and the International Energy Agency cut demand forecasts for 2024 and 2025.
U.S. crude inventories fell by 2.2 million barrels to 420.6 million barrels in the week ended Oct. 11, the Energy Information Administration said on Thursday, compared with analysts' expectations in a Reuters poll for a 1.8 million-barrel rise. Gasoline and distillate inventories also fell last week.
"This tells me operational efficiencies are still improving," said Tim Snyder, chief economist at Matador Economics. "Markets are normalizing."
As of October 17, 2024, the closing prices for oil and gas were:
WTI Crude: $70.67 per barrel
Brent Crude: $74.04 per barrel
Natural Gas: $2.48 per MMBtu
Gasoline: $2.04 per gallon
U.S. stocks closed mostly higher on Thursday, with the Dow logging its 49th record finish so far this year.
The rally in equities continued as retail-sales data for September came in surprisingly strong and jobless claims retreated, reinforcing a soft-landing scenario for the economy.
According to preliminary FactSet data, the Dow Jones Industrial Average added about 161 points, or 0.4%, to close at about 43,238.
The S&P 500 shed 1 point, or less than 0.1%, ending roughly flat at around 5,841.
The Nasdaq Composite Index advanced about 6 points, or less than 0.1%, closing around 18,373.
According to Dow Jones Market Data, the Dow clinched its most record closes in a year in 2017, at 71.
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
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...
HOUSTON -Aug 22 (Reuters) – Oil prices steadied on Friday amid uncertainty surrounding a...
U.S. independent oil and gas producer Crescent Energy has agreed to acquire Vital Energy...
By Jarrett Renshaw-(Reuters) -President Donald Trump’s administration is expected to rule on a growing...
Have your oil & gas questions answered by industry experts.