By Tsvetana Paraskova for Oilprice.com | As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build substantial futuristic cities...
As it ages, the Permian Basin is producing more water, gas, and less oil and may be nearing peak output. By Shariq...
By Mella McEwen,Oil Editor |Midland Telegram-Reporter| Buffeted by geopolitical risk, trade policies and other factors, energy companies in the Federal Reserve’s 11th District...
Story by Andreas Exarheas |RigZone.com| In a Stratas Advisors report sent to Rigzone by the Stratas team late Monday, the company revealed that,...
Goldman Sachs says a drop in oil prices could significantly impact production growth outside the OPEC+ alliance, especially if Brent crude falls...
President Donald Trump on Monday announced a sharp new move aimed at Venezuela’s oil industry. Any country that continues to buy oil...
Story By Rodielon Putol | Earth.com | Transitioning from fossil fuels to renewable energy, such as wind and solar, comes with a...
The United Arab Emirates is making a major financial play in the United States, announcing a $1.4 trillion investment framework over the...
A jury in North Dakota has delivered a devastating blow to Greenpeace, ordering the environmental campaign group to pay over $660 million...
By Alex Kimani| OilPrice.com | Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers...
Data from the Energy Information Administration Wednesday revealed a sizeable weekly increase in U.S. crude-oil supplies, a modest fall in gasoline stockpiles and a drop in consumer demand for motor fuel.
"If tariff worries and trade-war angst are fueling that drop in demand... then that marks the start of what could be a crippling trend of declining demand that would, barring supply-side surprises, spark a selloff in oil," Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. That could see U.S. benchmark prices begin to sell off toward the downside target of between $57 and $58 a barrel, he said. May West Texas Intermediate crude was up 21 cents, or 0.3%, at $71.41 a barrel, after losing 0.4% Tuesday.
The EIA reported that U.S. gasoline demand fell last week, with total finished motor gasoline supplied, a proxy for demand, at 8.495 million barrels per day versus 8.643 million bpd a week earlier.
The EIA said that commercial crude inventories climbed by 6.2 million barrels for the week that ended March 28. It also reported a weekly supply decline of 1.6 million barrels for gasoline, while distillate inventories increased by 300,000 barrels.
All three major U.S. stock indexes closed higher on Wednesday after shaking off a lower open, with investors and traders tuning into President Donald Trump's announcement of reciprocal tariffs.
The Dow Jones Industrial Average rose 235.36, or almost 0.6%, to 42,225.32, based on preliminary data.
The S&P 500 rose 37.90 points, or 0.7%, to 5,670.97.
The Nasdaq Composite climbed 151.16 points, or 0.9%, to 17,601.05.
The United Arab Emirates is making a major financial play in the United States,...
By Alex Kimani| OilPrice.com | Hedging is a popular trading strategy frequently used by oil...
CNBC – President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and...
Goldman Sachs says a drop in oil prices could significantly impact production growth outside...
As it ages, the Permian Basin is producing more water, gas, and less oil...
A jury in North Dakota has delivered a devastating blow to Greenpeace, ordering the...
In 2024, Texas’s oil and natural gas industry achieved unprecedented production milestones, reinforcing the...
Story By Rodielon Putol | Earth.com | Transitioning from fossil fuels to renewable energy,...
By Mella McEwen,Oil Editor |Midland Telegram-Reporter| Buffeted by geopolitical risk, trade policies and other factors,...
President Donald Trump on Monday announced a sharp new move aimed at Venezuela’s oil...
Story by Andreas Exarheas |RigZone.com| In a Stratas Advisors report sent to Rigzone by...
The oil and gas industry enters the second quarter of 2025 with cautious optimism....
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