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CARACAS, Venezuela (AP) — Venezuela has thrown back in prison the brother of the country’s former oil czar as part of an...
From MarketWatch: Food prices continued to rise in August, putting pressure on lower- and middle-income households in particular as inflation extends its...
Natural Gas Intel, by Carolyn Davis. SilverBow Resources Inc. has acquired 7,500 net acres in the Eagle Ford play of South Texas...
LONDON (Reuters) – Saudi Arabia and Russia, the de facto leaders of the OPEC+ oil producer group, see $100 a barrel as...
By: Private Equity News – Private equity firms that back oil and gas businesses are becoming increasingly vocal about the role the...
BY Rick Newman – Yahoo Finance. The war in Ukraine has turned against Russia and its authoritarian president, Vladimir Putin, with Ukrainian forces...
By: Liz Hampton – Reuters – The chief executive of Talos Energy has jumped to the forefront of the energy industry’s greenhouse...
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By: Kevin Schmidt – CNBC – Investing in ESGs has taken a controversial turn in recent weeks as some states have taken...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have announced a series of transactions designed...
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In a recent interview with Bloomberg, Wil Vanloh, CEO of Quantum Energy Partners, shared...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
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Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
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Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
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Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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