By: Reuters – TRP Energy is exploring a possible sale of its oil and gas operations in the Permian basin that could...
Story By Andreas Exarheas |RigZone| Wood Mackenzie has announced that TotalEnergies was named the upstream industry’s most admired explorer, and received the...
Story By Rachel Ramirez|CNN| A brutal heat wave is expanding across Texas and the South this week, impacting millions of Americans with triple-digit temperatures...
In the tumultuous world of oil and gas, managing mineral rights can be a formidable task, particularly for the average individual. The...
By: CNBC – Saudi Arabia’s state-owned oil giant Aramco is bullish on oil markets for the rest of 2023 as demand from...
Story By Brian Knox |Wise County Messenger| A former Boyd Texas resident, Billy Marcum, Jr., has been sentenced to more than 17...
By: Reuters – A U.S. judge on Monday signaled he was prepared to go ahead with selling Venezuela-owned oil refiner Citgo Petroleum’s...
Carbon Credits: Story by Keaton Peters |Inside Climate News| Tyler Crabtree was working in the oil and gas industry in North Dakota, trying...
Nearly half of about 100 exploration and production (E&P) companies surveyed by the Federal Reserve Bank of Dallas say they expect their...
Story By Chris Matthews |Hart Energy| Baytex Energy Corp. closed its multibillion-dollar acquisition of Ranger Oil Corp., expanding the Canadian E&P’s footprint...
The U.S. stock market closed higher Friday, with the S&P 500 and Nasdaq Composite each ending at record highs.
The Nasdaq clinched its first record closing high since December, while the S&P 500 eclipsed its previous record peak notched in February, according to Dow Jones Market Data.
The S&P 500 rose 32.05 points, or 0.5%, to end at 6,173.07.
The Nasdaq advanced 105.55 points, or 0.5%, to finish at 20,273.46.
The Dow Jones Industrial Average gained 432.43 points, or a sharp 1%, to close at 43,819.27.
The S&P 500 and Nasdaq ended at fresh all-time peaks after briefly falling into the red Friday afternoon following President Donald Trump’s post on social media about terminating trade discussions with Canada. He said on Truth Social that Canada’s decision to put a digital-services tax on American tech companies was an "attack" on the U.S.
All three major U.S. stock benchmarks booked strong weekly gains. The S&P 500 rallied 3.4% to snap back-to-back weekly losses, while the technology-heavy Nasdaq jumped 4.2% for the week and the Dow climbed 3.8%, according to Dow Jones Market Data. Both the Dow and Nasdaq logged back-to-back weekly gains.
(Reuters) - Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped up, while concerns over Middle East supply risks eased, offsetting some gains.
Brent crude futures settled up 5 cents, or 0.07%, higher to $67.73 a barrel. U.S. West Texas Intermediate crude gained 32 cents, or 0.49%, to $65.24 a barrel.
Both benchmarks climbed nearly 1% on Wednesday, recovering from losses earlier in the week after data showed resilient U.S. demand. Brent futures were trading below their close of $69.36 on June 12, the day before Israel started airstrikes on Iran.
The U.S. driving season had started slowly but was now stoking demand, ANZ analysts said.
"The market is starting to digest the fact that crude oil inventories are very tight all of a sudden," said Phil Flynn, senior analyst with the Price Futures Group.
U.S. crude oil and fuel inventories fell in the week to June 20 as refining activity and demand rose, the Energy Information Administration said on Wednesday.
Crude inventories fell by 5.8 million barrels, the EIA said, exceeding analysts' expectations in a Reuters poll for a 797,000-barrel draw.
Stocks closed sharply higher after a cliff-hanger session on Thursday, in which the Nasdaq Composite and S&P 500 both briefly surpassed their prior closing highs but ultimately came up short in the final moments of trade.
The S&P 500 index gained 48.86 points, or 0.8%, closing at 6,141.02. It needs to close above 6,144.15 for a new record.
The Nasdaq Composite rose 194.36 points, or 1%, ending at 20,167.91. Its level to beat is 20,173.89.
The Dow Jones Industrial Average gained 404.41 points, or 0.9%, finishing at 43,386.84. That was 3.6% off its record close from Dec. 4, 2024, according to Dow Jones Market Data.
Stock-market bulls have been looking to seize fresh records since oil prices began retreating and Israel and Iran agreed to a cease-fire. Bond yields also have been easing, helping fuel a more risk-on tone on Wall Street.
A key hearing is set for this Friday in Big Spring, Texas, in a...
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
Story By Alex DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
In the last 24 hours, tensions in the Middle East have entered a new...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
Tensions between Israel and Iran have sparked a surge in oil prices this June,...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
A-list actors are turning their attention to Wall Street, and this time, the plot...
Tucked into a sweeping fiscal package backed by President Donald Trump, Senate Republicans are...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Have your oil & gas questions answered by industry experts.