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Scott DiSavino [REUTERS] U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week...
By: Reuters – Britain’s windfall tax on oil and gas producers will not be applied if prices drop below certain levels for...
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In a significant development, the European Commission declared on Monday that it has chosen not to extend the emergency measures put into...
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MarketWatch| Saudi Arabia will voluntarily cut oil production by an additional 1 million barrels a day in July, alongside an agreement on...
Stocks ended higher on Monday after the Dow Jones Industrial Average reversed its earlier losses, as Deputy Treasury Secretary Michael Faulkender said that the Trump administration is "close to the finish line on a couple" of trade deals, though trade tensions between the U.S. and China flared.
"This morning’s news of trade deals being near the finish line is supporting a bullish reversal in equities after mounting U.S.-China tensions drove early volatility," José Torres, senior economist at Interactive Brokers, wrote in a Monday note.
"Maintaining an adversarial posture against Beijing is tolerable for markets and the economy as long as there are agreements with most other cross-border commerce partners," he added.
The Dow Jones Industrial Average gained 35.41 points, or 0.1%, to end at 42,305.48, for its third straight daily gain, according to Dow Jones Market Data.
The S&P 500 rose 24.25 points, or 0.4%, to close at 5,935.94.
The Nasdaq Composite increased 128.85 points, or 0.7%, to finish at 19,242.61.
JPMorgan Chase & Co.’s chief executive, Jamie Dimon, came out on Monday with another warning about the bond market that some observers said could prompt more investors to look around the world and at other asset classes for protection.
In an interview with the Fox Business Network’s “Mornings with Maria” show, Dimon said the worsening fiscal situation in the U.S. is a “big deal” and “a real problem,” and that “the bond markets are going to have a tough time” at some point, although he doesn’t know if it will be in “six months or six years.” He added that the U.S. needs to take steps aimed at growth and pro-business measures.
His comments came as U.S. government debt sold off in New York trading amid a continued focus on a growing federal deficit that could widen even further under the Trump administration’s tax-cut agenda.
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...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(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...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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