Bloomberg — After one of the most difficult years in the oil industry’s history, crude prices have recovered and major producers are...
From The Guardian – California’s governor has moved to ban new fracking permits by 2024 and halt all oil extraction by 2045....
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By: Holly Barker – Bloomberg Law – The Supreme Court of Oklahoma tossed a $19 million attorneys’ fee award, along with a...
By: Myra P. Saefong – MarketWatch – It’s been a year since U.S. benchmark West Texas Intermediate crude futures made history by...
By: Matthew Daly – The AP – Interior Secretary Deb Haaland on Friday revoked a series of Trump administration energy orders that...
Warning: This article is going to deal in facts. FACT: Give politicians a crisis to exploit and you will have less freedom...
By: Kristen Mosbruker – The Advocate – Chesapeake Energy Corp. is piloting new technology in North Louisiana to monitor methane gas emissions...
By: Rystad Energy – Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching...
By: Tim McDonnell – QUARTZ – Orphaned wells are poised to overwhelm the US. Millions of oil and gas wells have been abandoned...
U.S. stocks closed higher Friday to book their best weekly advance since November.
Strong retail sales data Thursday helped offset concerns about pockets of potential weakness in the U.S. economy. The rally had stocks back on the doorstep of record territory and investors eager to hear more from Federal Reserve Chair Jerome Powell at next week's economic summit in Jackson Hole, Wyo.
The Dow Jones Industrial Average added 96.70 points, or 0.2%, ending at 40,659.76, while the S&P 500 gained 11.03 points, or 0.2%, closing at 5,554.25. The Nasdaq Composite gained 37.22 points, or 0.2%, finishing at 17,631.75
Here's the weekly recap:
According to Dow Jones Market Data, the Dow gained 2.9%, the S&P 500 rose 3.9%, and the Nasdaq climbed 5.3%. Each logged its biggest weekly advance since November.
The Dow and S&P 500 finished less than 2% from their previous record closes.
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