By: Clyde Russell – Reuters – Much of the surge in China’s imports of crude oil in recent months has been provided...
By: Nicole Dienst and Eric Rosenbaum – CNBC – With the coronavirus pandemic slashing demand for the oil and gas that has...
By Becky Yerak, The Wall Street Journal ~ Arena Energy LP has filed for bankruptcy with a plan to sell virtually all...
By: David Blackmon – Forbes – Just when you thought 2020 could not get any worse for the oil and gas industry,...
by JACK MONEY, THE OKLAHOMAN ~A federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly...
OKLAHOMA CITY (AP) – After initial charges were filed in May, a federal grand jury in Oklahoma City has indicted three men, accusing...
By: Kevin Crowley – Bloomberg – Malaysia’s state-backed oil company Petroliam Nasional Bhd. has had preliminary talks about buying Permian Basin shale driller DoublePoint...
By: S&P Global Platts – With the US’ 2020 presidential election less than three months away, Cimarex’s drilling plans could change if...
By Haley Samsel – Fort Worth Star-Telegram – Thanks to a partnership with a geoscientist in the Permian Basin, a family-owned oil...
Hellenic Shipping News – The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess...
The numbers: Applications for mortgages surged as homeowners jumped on lower rates to refinance their home loans.
The 30-year mortgage rate fell for the second week to the lowest level in a year.
The drop in rates pushed the market composite index — a measure of mortgage-application volume — up last week, the Mortgage Bankers Association said Wednesday.
The market index rose 16.8% weekly to 251.3 for the week ending August 9. A year ago, it stood at 193. The index is now at its highest level since January 2023.
U.S. stocks finished higher on Tuesday, with the S&P 500 and the Nasdaq Composite scoring their biggest four-day rally of 2024 after softer-than-expected producer-price data reinforced bets that the Federal Reserve will commence cutting interest rates in September.
The Dow Jones Industrial Average rose 408.63 points, or 1%, to end at 39,765.64, according to FactSet data.The S&P 500 gained 90.04 points, or 1.7%, to finish at 5,434.43, and the Nasdaq Composite advanced 407 points, or 2.4%, ending at 17,187.61.
The S&P 500 and the Nasdaq have posted gains for four consecutive trading sessions. Both indexes notched their biggest four-day percentage climb of 2024.
Tuesday’s advance added to the market's comeback from the stock selloff earlier this month, with the three major indexes further erasing their heavy losses from the Aug. 5 rout.
Investors now await Wednesday's consumer-price index figures for July and Thursday's retail-sales data to gauge the health of the U.S. economy and whether the Fed truly has a green light to cut rates in September
A small group of California Republicans has introduced several bills ahead of a special...
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...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
Helium is the second most abundant element in the universe after hydrogen. It is a...
Have your oil & gas questions answered by industry experts.