An exceptional story on how President Biden and his new administration may change Oklahoma Energy, by Jack Money – The Oklahoman. Presidential...
By: The Highland County Press – The Ohio Marketable Title Act (MTA) and the Ohio Dormant Mineral Act (DMA) provide separate procedures,...
By: Avi Salzman – Barrons – Oil and gas companies could face more stringent regulations under Democratic control of the White House...
By: Nichola Groom – Reuters – The Trump administration on Thursday will offer the oil and gas industry a final chance to...
By: Camille Erickson – Casper Star Tribune – A new survey published by the Federal Reserve Bank of Kansas City on Friday revealed...
By: Bozorgmehr Sharafedin – Reuters – Almost one in three workers in the oil and gas industry faced pay cuts in 2020,...
HART ENERGY, by Emily Patsy. Northern Oil and Gas Inc. expanded its footprint in the Permian Basin during fourth-quarter 2020, the company...
By: Janet McGurty – S&P Global Platts – Phillips 66 is moving its emerging energy operations to a separate segment, which will...
By: Dan Eberhart – Forbes – Saudi Arabia’s decision Tuesday to cut an additional 1 million barrels a day of production in February...
By: Brandon Evans and Rachel Wiser – S&P Global Platts – Despite rig counts in the Bakken Shale remaining low due to...
The Dow Jones Industrial Average fell 234.21 points, or 0.6%, ending at 38,763.45.
The S&P 500 shed 40.53 points, or 0.8%, closing at 5,199.50.
The Nasdaq Composite dropped 171.05 points, or 1.1%, finishing at 16,195.81.
It has been the worst five-day start to a month for both the Dow and the S&P 500 since January 2016, according to Dow Jones Market Data.
The selloff in U.S. equities resumed despite a sharp rebound for Japanese stocks, with the Nikkei 225 up 1.2% on Wednesday.
According to Informa Global Markets, U.S. capital markets were also opening back up, with Facebook parent Meta Platforms Inc. leading a pack of investment-grade companies that borrowed $31.8 billion on Wednesday alone.
Underground stocks finished the last full week of July at 3,249 Bcf, or 16% above the five-year average, according to the U.S. Energy Information Administration (EIA). There are 14 more weekly government storage reports left for this injection season, including Thursday’s EIA report, for which NGI has modeled a 30 Bcf build.
“On the bull side, you can see that injections have been lean,” veteran gas analyst Thomas Saal said. Market jitters usually appear when inventory scenarios approach the 4,000 Bcf level. “At the rate we're going now, if we put 20 Bcf to 30 Bcf in weekly for the rest of the season, we're not going to have to worry about it.”
The EIA Natural Gas Storage Dashboard has additional updates on storage market conditions.
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
In a recent interview with Bloomberg, Wil Vanloh, CEO of Quantum Energy Partners, shared...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
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...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
A small group of California Republicans has introduced several bills ahead of a special...
Have your oil & gas questions answered by industry experts.