By: Reuters – Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest rates in...
Continental Resources struck black gold once again in Carter County, with the completion of five new wells that are producing nearly 2,700...
By: Carlsbad Current-Argus – Oklahomans in 2015 probably felt like Californians as their homes were rocked by strong earthquakes. But Californians were...
Story By Jov Onsat |RigZone| Libya’s oil revenue excluding royalties and fuel sales slid to around $7 billion (LYD 33.4 billion) for...
Story By Adrian Hedden, |Carlsbad Current-Argus, via Yahoo News| A $300 million sale of oil and gas assets on the western edge...
Story By Andreas Exarheas |RigZone| Saudi Arabia is sensitive to the “weak level” of demand in the world leading to production cuts,...
On July 7, the US Department of Energy (DOE) revealed its intention to repurchase approximately 6 million barrels of sour crude oil....
Topic: Fossil Fuels in Norway. A Story By Kari Lundgren, Stephen Treloar |Bloomberg| Via RigZone| At a Circle K service station outside...
Negotiating Mineral Leases – An Introduction: Congratulations on inheriting your oil and gas mineral rights! As an oil and gas blogger, I’m...
By: The Midland Reporter-Telegram – Ring Energy Inc. announced a $25 million net reduction of borrowings during the second quarter on its...
Crude oil inventories in the United fell by 1.58 million barrels for the week ending October 11, according to The American Petroleum Institute (API). Analysts had expected a build of 3.2 million barrels.
Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and reduced concerns that Middle East conflicts will disrupt supply.
Earlier this week, crude prices fell in response to a weaker demand outlook and a media report that Israel would not strike Iranian nuclear and oil sites, easing fears of supply disruptions.
Iran is a member of the Organization of the Petroleum Exporting Countries (OPEC) and produced about 4.0 million barrels per day (bpd) of oil in 2023, U.S. Energy Information Administration (EIA) data showed.
Iran was on track to export around 1.5 million bpd in 2024, up from an estimated 1.4 million bpd in 2023, according to analysts and U.S. government reports.
As of October 16, 2024, the closing prices for oil and natural gas are:
West Texas Intermediate (WTI) Crude Oil: $70.39 per barrel
Brent Crude: $74.22 per barrel
RBOB Gasoline: $2.0403 per gallon
Natural Gas: $2.367 per thousand cubic feet
Major U.S. stock indexes bounced back from a selloff in the prior session to finish higher on Wednesday, buoyed by strong corporate-earnings results from names like Morgan Stanley and United Airlines.
The Dow Jones Industrial Average finished up by 337.28 points, or 0.8%, at a record high of 43,077.70, based on preliminary data. It surpassed its previous record close of 43,065.22 reached on Monday.
The S&P 500 closed up by 27.21 points, or 0.5%, at 5,842.47.
The Nasdaq Composite ended up by 51.49 points, or 0.3%, at 18,367.08.
"Banks as a whole seem to be trading pretty well based on positive quarterly earnings, and that signifies the interest-rate environment and lending environment are starting to stabilize and look more attractive for banks,'' said Ryan Jacobs, founder of Florida-based advisory firm Jacobs Investment Management.
"When looking at the whole economic landscape, banks should be able to operate in more attractive lending opportunities,'' Jacobs said via phone.
Meanwhile, Treasury yields finished broadly lower as oil futures dropped again on uncertain future demand. Two-, 10-, and 30-year yields closed at their lowest levels in almost two weeks.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Have your oil & gas questions answered by industry experts.