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HOUSTON (Reuters) – Chevron is offering to sell several oil and gas properties in New Mexico and Texas, according to marketing documents...
Story By Lee Ying Shan |CNBC| To meet energy demand, oil and gas will continue to be leading sources of energy for...
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(Reuters) -Oil prices settled slightly higher on Tuesday, helped by weakness in the dollar, but gains were capped by mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth.
Brent crude futures settled 28 cents, or 0.4%, higher at $69.56 a barrel after falling as low as $68.63 in early trade. U.S. West Texas Intermediate crude futures gained 22 cents, or 0.3%, to $66.25 a barrel after previous declines.
U.S. stocks finished lower on Tuesday, extending this week's tariff-induced selloff to a second day, despite President Donald Trump appearing to take a step back from his promise to impose 50% tariffs on Canadian steel and aluminum imports, up from the 25% initially planned.
The Dow Jones Industrial Average fell 478.23 points, or 1.1%, to end at 41,433.48, according to Dow Jones Market Data.
The S&P 500 was off 42.49 points, or 0.8%, to finish at 5,572.07.
The Nasdaq Composite edged down 32.23 points, or 0.2%, ending at 17,436.10.
It was a volatile trading session on Wall Street. U.S. stocks plunged deep into the red in the morning session after Trump placed additional tariffs on steel and aluminum imported from Canada, ramping up the trade war with one of the largest trading partners of the United States. The sharp selloff briefly put the S&P 500 on pace for correction territory.
Then, in afternoon action, Wall Street finally got some good news after reports said Ukraine had agreed to a 30-day cease-fire contingent on Russia's participation.
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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...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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