Canadian Overseas Petroleum Limited and its affiliates have received a Resource Report prepared by independent energy consultancy Ryder Scott confirming its deep...
Story by Jonathan Stempel (Reuters) –The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as...
By: Reuters – Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession...
Shale pioneer Chesapeake Energy will focus on its key shale gas plays in the United States and will consider its oil-producing acreage...
By: Reuters – Brigham Minerals Inc (MNRL.N), a company that owns the rights to extract oil and natural gas from land across numerous...
By: Washington Post – The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower...
MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return...
By: Adrian Hedden – Carlsbad Current-Argus – Denver-based oil and gas company Sitio Royalties continued to up its presence in the Permian...
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The US government wants to crack down on Iranian oil smugglers, according to the Wall Street Journal. Iranian oil reportedly trades at...
All three major stock indexes closed higher for the second time in six sessions on Thursday, fueled by weekly jobless claims that gave investors hope the U.S. labor market can continue to hold up.
Thursday's data was "soothing concerns over a U.S. economic recession,'' according to senior markets economist James Reilly at Capital Economics.
The Dow Jones Industrial Average finished up by 683.04 points, or 1.8%, at 39,446.49, based on preliminary data.
The S&P 500 closed up by 119.81 points, or 2.3%, at 5,319.31. On a percentage basis, it was the index's best day since Nov. 30, 2022.
The Nasdaq Composite closed up by 464.22 points, or 2.9%, at 16,660.02
The numbers: The number of Americans who applied for unemployment benefits last week sank to 233,000 and receded from nearly one year, suggesting layoffs remain quite low and that the labor market is still in good shape.
New claims fell by 17,000 in the seven days that ended Aug. 3 from 250,000 in the prior week, the government said Thursday. The latest reading marks a one-month low.
Economists polled by the Wall Street Journal had forecast new claims to total 240,000, based on seasonally adjusted figures.
A surge in new claims at the end of July appeared to stem mostly from people in Texas being unable to work after Hurricane Beryl.
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...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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