By: Laurie Goering and Sebastian Rodriguez – Reuters – In late July, Costa Rica’s legislature was scheduled to vote on a bill...
By: Liz Hampton, and Sabrina Valle – Reuters – U.S. shale producers’ decision this year to resist pumping more oil even as...
By: Karl W. Smith – Bloomberg – U.S. President Joe Biden is pushing for a temporary increase in oil and gas production at...
By: Valerie Volcovici and Nichola Groom – Reuters – The Biden administration on Tuesday unveiled a plan to slash emissions of the...
Denver-based natural gas company Antero Resources is letting all of its hedging contracts expire due to its confidence that higher oil and...
By: Pippa Stevens – CNBC – Chevron said Friday that it generated the highest free cash flow on record during the third quarter...
By: Bloomberg News – The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits...
What is ESG and why should I care? ESG is a back door way of choking capital to the energy sector. Its...
By: Gerson Freitas Jr. – Pittsburgh Post-Gazette – U.S. natural gas prices soared the most in more than a year, erasing much...
By: Noah Browning – Reuters – Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply...
U.S. stocks finished higher on Wednesday, with the S&P 500 and Nasdaq Composite scoring their fifth consecutive trading day of gains after a mild July consumer-price index reinforced expectations for a September rate cut by the Federal Reserve.
Based on preliminary data, the Dow Jones Industrial Average closed up by 242.75 points, 0.6%, at 40,008.39. It was the index's second straight session of gains.
The S&P 500 closed up by 20.78 points, or 0.4%, at 5,455.21.
The Nasdaq Composite eked out a slight gain in the final minutes of trading to finish higher by 4.99 points at 17,192.60.
"July’s inflation data was remarkably as expected," said BMO Capital Markets rates strategists Ian Lyngen and Vail Hartman. "Had the Fed not already set the stage for a cut in September, this CPI print would have solidified one."
Inflation has cooled considerably over the past year, but there are still a few hot spots. The biggest is the cost of shelter - rent and housing. It accounted for about 90% of the increase in the consumer price index in July.
Still, the report is unlikely to prevent the Federal Reserve from reducing interest rates in September as widely expected.
The big question for investors is whether it will be a 1/4-point cut or a larger 1/2-point reduction. The July CPI probably doesn't settle the question.
For now, betting markets suggest a smaller cut is more likely.
The recent unveiling of DeepSeek, an AI model developed by a Chinese startup, has...
🟢 US oil and gas companies are expected to prioritize shareholder returns and limit...
By Georgina McCartney (Reuters) – Top U.S. oilfield services firms are facing weaker pricing...
by Andreas Exarheas|RigZone.com| A fact sheet posted on the White House website on Tuesday stated...
Infinity Natural Resources, Inc. (“Infinity”) has officially made its Wall Street debut, announcing the...
Chris Mathews | Hart Energy, via Yahoo Finance | Diamondback Energy will drop down billions of...
Dealmaking in the U.S. oil and gas industry reached $105 billion in 2024 while...
US Energy Development Corporation (USEDC) is gearing up for a big year in 2025...
By Julianne Geiger for Oilprice.com | Despite Trump’s full-throttle push to “unleash” U.S. energy,...
By Felicity Bradstock | OilPrice.com | Several U.S. oil and gas companies have warned that...
El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a...
by Andreas Exarheas |RigZone.com| U.S. natural gas is dipping back on the fact that the...
Have your oil & gas questions answered by industry experts.