By: Adrian Hedden – Carlsbad Current Argus – Debate over federal action to prevent the extinction of a small, desert bird in...
By: Pejman Kazempoor – Newswire – Whether for a natural gas pipeline or an offshore production platform, the carbon footprint of reciprocating...
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...
Trump said he wants the European Union to conduct large-scale purchases of American oil and gas and threatened tariffs if they don’t, adding to wider economic concerns as the US government is facing an imminent shutdown over funding plans. The Federal Reserve on Wednesday scaled back the number of cuts it expects next year, signaling a more hawkish approach to inflation.
Crude pared losses and US equities pushed higher on Friday after the central bank’s preferred gauge of inflation came in muted for November, signaling that the selloff on the Fed’s announcement was overdone.
U.S. stocks closed sharply higher Friday, with all three major indexes bouncing as investors appeared relieved that fresh data showed inflation rose slightly less in November than forecast.
The Dow Jones Industrial Average rose 498.02 points, or 1.2%, to close at 42,840.26, losing steam in afternoon trade but still finishing with its biggest gain since the day after the U.S. presidential election held in early November.
The S&P 500 climbed 63.77 points, or 1.1%, to end at 5,930.85.
The Nasdaq Composite gained 199.83 points, or 1%, to finish at 19,572.60.
But all three indexes booked weekly losses after stocks slumped Wednesday on the Federal Reserve signaling a potentially slower pace of interest-rate cuts next year. The Dow dropped 2.3%, logging a third straight week of declines. The S&P 500 saw a weekly loss of 2%, while the technology-heavy Nasdaq declined 1.8% for the week.
By Jonathan Saul | LONDON (Reuters) – At least 65 oil tankers have dropped...
Story by Andreas Exarheas| RigZone.com |. Oil market sentiment appears to have improved significantly...
Langford Energy Partners (LEP), a private oil and gas operator, has announced the purchase...
The U.S. energy industry recently experienced an extraordinary run of oil and gas mergers...
The Permian Basin continues to dominate the U.S. oil production landscape, while other maturing...
Story by Bloomberg|Mia Gindis | Oil slipped from a five-month high as Hamas and Israel tentatively...
Texas set a series of new milestones in 2024 for its oil and natural...
By JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
Story By Sohrab Darabshaw | Via Metal Miner| U.S. President Donald Trump has not...
Story by Andreas Exarheas| RigZone.com | Donald J. Trump issued a raft of energy orders...
(Bloomberg) — Oil companies declined to bid in a US government auction for drilling...
The Biden administration on Friday unveiled its most extensive sanctions package yet against Russia’s...
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