Oil could fall below $20 a barrel and “stock markets could easily shed another 30-40% of their values,” one analyst said. The...
Reuters – For the last five years, U.S. shale oil producers have been battling suppliers for lower costs and running equipment and...
Midland Reporter-Telegram – Two more Houston energy companies slashed spending and dividends Thursday after oil prices crashed earlier this week. Apache Corp....
CNBC – Oil dropped as much as 8% on Thursday as crude continues to take a hit on both the supply and...
By: Jack Money The Oklahoman – Pandemic fears and a global energy war are poised to wreak havoc on Oklahoma’s oil and...
Financial Post – Chevron said it is looking at ways to cut spending, which could lead to lower near-term oil and gas...
The Washington Post – Wall Street was under siege Monday as a coronavirus-fueled oil war sent crude prices plummeting more than 20...
The Dallas Morning News – Dallas City Hall owes gas driller Trinity East Energy $44.5 million — and counting. That’s according to...
Bloomberg – Troubled oil and gas companies may have a hard time persuading their banks to keep extending credit as the outlook...
EIA – U.S. natural gas consumption increased by 3% in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according...
U.S. stocks finished mostly higher on Tuesday afternoon, with the S&P 500 and the Nasdaq Composite scoring back-to-back gains ahead of Wednesday's release of August's CPI inflation report.
The Dow Jones Industrial Average was down 92.63 points, or 0.2%, ending at 40,736.96, according to FactSet data.
The S&P 500 rose 24.47 points, or 0.5%, to end at 5,495.52.
The Nasdaq Composite advanced 141.28 points, or 0.8%, to finish at 17,025.88.
According to FactSet data, the S&P 500's energy and financials sectors were the only two sectors to end in the red on Tuesday, down nearly 2% and 1%, respectively. Shares of JPMorgan Chase & Co. finished 5.2% lower amid widespread pressure on bank stocks.
Traders also look at two key economic reports that will likely decide the size of the Federal Reserve's first interest-rate cut next week. August's consumer-price index report is due Wednesday morning at 8:30 a.m. Eastern time, followed by the producer-price index report on Thursday morning.
U.S. bankruptcy filings spiked in August after a slowdown in July, propelling the total for the first eight months of the year to the highest level since 2020 and second-highest since 2010, S&P Global Market Intelligence said Monday.
There were 452 filings in the year through end August, which compares with 466 in the same period in 2020, when the pandemic was still in full swing, and 604 in the same period in 2010.
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...
Artificial intelligence (AI) is increasingly influencing electricity consumption in the U.S., mainly due to...
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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