By: Reuters – A third gas pipeline between Spain and France would cost at least 3 billion euros ($3 billion) and take...
From Hart Energy: Continental Resources Inc. promoted Doug Lawler on Aug. 18 to serve as president and COO. Lawler joined Continental in...
Brent oil will bounce back to $125 a barrel by the end of 2022, UBS said Wednesday. Brent has dropped 25% since...
By: Reuters – Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in U.S. crude...
By: Sam Meredith – CNBC – New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to...
Saudi Arabia’s sovereign-wealth fund ramped up its bets on US big-cap stocks in the second quarter. The Public Investment Fund poured more...
Story from RigZone. Jet fuel demand has come back with a vengeance, despite the recent bout of Covid-19, and should continue to...
OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while...
Energy companies and traders are raking in huge profits selling US natural gas to Europe as prices there skyrocket. The US is...
Story by Adrian Hedden, Carlsbad Current-Argus. Two of New Mexico’s most productive oil and gas counties also contain its most low-producing or...
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.
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
President Donald Trump wasted no time reversing the country’s energy policies upon taking office,...
Canada is weighing its options for retaliating against incoming U.S. President Donald Trump’s proposed...
The recent unveiling of DeepSeek, an AI model developed by a Chinese startup, has...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
🟢 US oil and gas companies are expected to prioritize shareholder returns and limit...
Argentina concluded 2024 with its largest energy trade surplus in nearly two decades, according...
Story By Arpan Rai | Ukrainian officials welcomed Donald Trump’s threat to sanction Russia harder, suggesting punitive...
U.S.-based Diversified Energy has announced a definitive agreement to acquire Maverick Natural Resources from...
Tsvetana Paraskova | OilPrice.com | President Trump’s ‘drill, baby, drill’ policy promises to unleash...
By Bloomberg|Joumanna Bercetche, Anthony Di Paola. | China is still driving growth in global...
Story By Imma Perfetto | Originally published by Cosmos | In new insight into...
Have your oil & gas questions answered by industry experts.