Next week, Oklahomans will decide who takes a seat on the Oklahoma Corporation Commission, which oversees utilities and the oil and gas...
By Trevor Hawes, Editorial Director | Midland Telegram Reporter |A thunderstorm in West Texas can certainly be an amazing sight to see, but...
by Bloomberg| G.Smith, S.Cheong, A.Longley, M.Gindis |Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December, as...
With the U.S. presidential election less than a week away, energy policy has become a key topic of debate, especially around the...
Georgina McCartney | Reuters |A top economist for the state of New Mexico, the second-largest oil-producer in the U.S., this week released...
Ukraine is struggling to meet its gas storage target for this winter, falling short of the 13.2 billion cubic meters (Bcm) goal...
In the Permian Basin, a prime oil-producing territory, a critical issue has surfaced: the theft of crude oil. FBI findings reveal increased...
Overview: Preparing for the 2024-2025 Winter Heating Season As winter approaches, both natural gas utilities and consumers brace for a season impacted...
U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first...
Story Credit| Fox News |Greg Norman, Brie Stimson, Caitlin McFall, Liz Friden, Efrat Lachter | In the largest attack by Israel on...
Oil prices fell on Wednesday after data showed U.S. crude inventories rose by more than expected even as refining activity rebounded, though futures remained up about 2% this week as traders factored in the continuing conflict in the Middle East.
Brent crude futures settled at $74.96, down $1.08, or 1.42%. U.S. West Texas Intermediate crude futures settled down 97 cents, or 1.35%, to $70.77.
U.S. crude inventories rose by 5.5 million barrels to 426 million barrels in the week ended Oct. 18, the Energy Information Administration reported on Wednesday, exceeding analysts' expectations in a Reuters poll for a 270,000-barrel rise.
"The large crude oil inventory build this week is offsetting last week's drop. But a lot of this is a result of the rebound in crude oil imports, which had to do with the hurricane," said Andrew Lipow, president of Lipow Oil Associates, referring to the previous week's drawdown due to lower imports and demand post-Hurricane Milton.
The Dow Jones Industrial Average and S&P 500 finished lower for a third straight session on Wednesday, joined by the Nasdaq Composite, as investors fretted about rising Treasury yields and the possible outcome of the Nov. 5 presidential election.
The Dow Jones Industrial Average finished down by 409.94 points, or almost 1 %, at 42,514.95, based on preliminary data. That's the biggest one-day decline since Sept. 6. The Dow briefly dropped by as much as 631.72 points during Wednesday's trading, and finished at its lowest closing level in about two weeks.
The S&P 500 Index closed down by 53.78 points, or 0.9%, at 5,797.42. That was the index's worst one-day performance since Oct. 7.
The Nasdaq Composite ended down by 296.47 points, or 1.6%, at 18,276.65. Wednesday's closing level was the lowest since Oct. 8.
The American Petroleum Institute reported late Tuesday that crude inventories rose by 1.6 million barrels last week. Gasoline stocks dropped 2 million barrels, and distillates, which include heating oil and diesel fuel, declined 1.5 million barrels.
Analysts surveyed by S&P Global Commodity Insights, on average, expect the EIA to report crude stocks falling by 800,000 barrels in the week ended Oct. 18, with gasoline inventories down 2.1 million barrels and distillates down 2.4 million barrels.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
Texas set a series of new milestones in 2024 for its oil and natural...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling...
The Biden administration on Friday unveiled its most extensive sanctions package yet against Russia’s...
Have your oil & gas questions answered by industry experts.