Oilfield Technology – US oil producers have been expected for some time to have shut down oil production as a result of...
By: Scott Carpenter – Forbes – Bill Gilmer knows an economic bust when he sees one. In the 1980s, when oil prices...
Market Insider – Goldman Sachs is predicting a V-shaped bounce back in oil demand but expects the fuel to face a beating from...
By Leah McGrath Goodman, the Institutional Investor. The first-ever zero oil futures trade happened at 2:08 p.m. ET on Monday, April 20, during...
Reuters – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to...
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S&P Global Platts – The associated natural gas production declines across US plays due to the crude price collapse and the coronavirus...
The coronavirus pandemic has emptied out cities around the world, causing a historic drop in oil demand just as production was reaching...
By: Chuck Jones – Forbes – The United States Oil Fund, or USO, is an exchange-traded fund, or ETF, that is designed...
By: Trent Jacobs – Journal of Petroleum Technology – Facing crippling crude prices and a historic supply overhang, the once-booming US shale sector...
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
Helium is the second most abundant element in the universe after hydrogen. It is a...
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...
A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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