By: Stephanie Kelly – Reuters – Oil prices fell on Monday after Saudi Arabia’s sharp cuts to crude contract prices for Asia...
By: David Long – Argus Media – US shale producers remain determined to restrain spending until oil market fundamentals strengthen, despite record...
By: Sara Fischer – KTEN – The Biden Administration has called on OPEC to increase oil production, citing high gas prices as...
By: J. Robinson & Kelsey Hallahan – S&P Global Platts – The restoration of full capacity on Texas Eastern Transmission earlier this...
By: Ethan Wu – Markets Insider – Riverstone Holdings, which made a fortune betting on American shale, is now pushing $1.3 billion...
By: Bethany Blankley – The Fairfield Sun Times – Texas’s upstream oil and natural gas sector added 1,500 jobs in July, continuing...
By: Frank Macchiarola – Morning Consult – For more than 50 years, presidential enthusiasm for U.S. petroleum products has spanned ideologies and...
By: James Marshall – E&E News – With its takeover of Afghanistan, the Taliban took control of a vast trove of metals...
By: Liz Hampton – Reuters – Dallas Cowboys owner Jerry Jones’ Comstock Resources oil company is offering to sell properties in North...
By: Eric Rosenbaum – CNBC – Oil and gas companies are working hard on their messaging in the climate change era. If...
The U.S. stock market finished sharply higher Friday, as investors appeared encouraged by Federal Reserve Chair Jerome Powell’s Jackson Hole speech signaling the Fed was on the path toward cutting interest rates.
The Dow Jones Industrial Average climbed 462.30 points, or 1.1%, to close at 41,175.08.
The S&P 500 rose 63.97 points, or 1.1%, to finish at 5,634.61.
The Nasdaq Composite gained 258.44 points, or 1.5%, to end at 17,877.79.
According to Dow Jones Market Data, the Dow ended just 0.1% below its record closing high on July 17, while the S&P 500 finished 0.6% below its all-time closing high on July 16.
For the week, the Dow advanced 1.3% while the S&P 500 and technology-heavy Nasdaq each increased 1.4%, according to Dow Jones Market Data. All three major U.S. stock indexes booked back-to-back weekly gains.
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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...
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The oil and gas industry is inherently tied to geopolitical events and domestic policy...
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