By: Haley Zaremba – OilPrice – As we kick off the new year, the race is on to predict the course that...
The crude oil market has already gained 10 percent since the start of the year and has further to go, Vitol’s head...
Over the past three years, dozens of cities across the country have banned natural gas hookups in newly constructed buildings as part...
By: Irina Slav – OilPrice.com – Oil is about to post its fourth week of gains in a row, and the outlook...
By: Timothy Gardner and Nidhi Verma – Reuters – China will release crude oil from its national strategic stockpiles around the Lunar...
The European gas crunch has been hogging headlines for months now, and with good reason – the continent is still struggling to...
By: Rystad Energy – Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted...
By: Ron Bousso and Sabrina Valle – Reuters – Europe’s Big Oil companies are planning to spend their windfall from high energy...
By: Bozorgmehr Sharafedin – Reuters – Oil prices were largely steady on Monday as supply disruptions in Kazakhstan and Libya offset worries...
Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total...
U.S. crude oil fell more than 1% on Wednesday, tumbling below $70 per barrel and raising speculation that OPEC+ could delay production increases scheduled to begin next month.
The U.S. benchmark hit a session low of $68.83, the lowest level since Dec. 13, after plunging more than 4% on Tuesday. U.S. crude and global benchmark Brent have erased all gains for 2024.
“With demand growth uncertain and significant supply outages looking unlikely, all eyes are again on OPEC+,” Svetlana Tretyakova, senior analyst at Rystad Energy, said in a note Wednesday. “Until OPEC+ clarifies its strategy, overall bearishness will persist.”
Here are Wednesday’s closing energy prices:
U.S. stocks finished mostly lower on Wednesday, with the S&P 500 and Nasdaq ending down for the fourth time in the past five sessions, as investors continued to focus on the prospect of an economic slowdown.
Based on preliminary data, the Dow Jones Industrial Average finished up 38.04 points, or less than 0.1%, at 40,974.97.
The S&P 500 closed down by 8.86 points, or almost 0.2%, at 5,520.07. Wednesday's level was the lowest since Aug. 14.
The Nasdaq Composite fell 52 points, or 0.3%, to finish at 17,084.30. Wednesday's level was the lowest since Aug. 12.
On Tuesday, all three indexes ended with their largest percentage declines since Aug. 5.
Helium is the second most abundant element in the universe after hydrogen. It is a...
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...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
Have your oil & gas questions answered by industry experts.