By: Renee Jean – Williston Herald – Whiting Petroleum is further cutting its costs after emerging from Chapter 11, while another Bakken...
By: Rebecca Ponton – Oilman Magazine – One hundred years is a major milestone and the observance of a centennial usually calls...
By: Silvio Marcacci – Forbes – Few climate proposals have been politicized more than the Green New Deal, although it is essentially...
Oil is often called the lifeblood of industrialized nations. Once refined, oil can be turned into automobile gas, petroleum products, chemical products,...
By – Sam Meredith – CNBC – OPEC and non-OPEC allies will meet Thursday to review production policy, amid a faltering recovery...
By: Don Hopey – The Morning Call – More natural gas was fracked from Pennsylvania wells in 2019 than in any previous...
By: James Osborne – Houston Chronicle -For years, a small clique of investors has questioned the logic of putting money into oil...
By: Rakteem Katakey – Bloomberg – BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the...
By: Rachel Adams-Heard and Kevin Crowley – Bloomberg – The meeting would mark the beginning of the end of Lea Frye’s career...
By: Reuters – No new liquefied natural gas (LNG) export projects could be approved this year for the first time in at...
U.S. stocks ended higher on Monday, building on last week's gains.
According to Dow Jones Market Data, the Dow Jones Industrial Average climbed 236.77 points, or 0.6%, to end at 40,896.53 for its fifth straight daily gain.
The S&P 500 gained 54.00 points, or 1%, to 5,608.25 for its eighth straight daily gain — logging its longest winning streak since November 8, 2023, when the market rose for eight straight trading days. The index also notched its largest eight-day percentage gain since March 24, 2022.
The Nasdaq Composite rose 245.05 points, or 1.4%, to finish at 17,876.77 for its eighth straight daily gain — recording its longest winning streak since December 19, 2023, when the market rose for nine straight trading days. The index also exited correction territory on Monday after only 11 trading days, the shortest correction for the index since the one ending October 11, 2011, which lasted six trading days.
Based on data since 1971, the Nasdaq Composite saw an average gain of 0.3% in the week after exiting correction territory and an average rise of 23.6% one year after such a move.
Market watchers widely expect Federal Reserve Chair Jerome Powell to set the tone for a September interest-rate cut in his speech at the Kansas City Fed’s annual Jackson Hole Economic Symposium on Friday.
However, if the speech goes differently, it could threaten the stock market’s recent bounce.
Powell is due to speak on the economic outlook at 10 a.m. Eastern time, following a precedent where Fed chairs almost always give a keynote speech during the high-profile annual gathering that regularly attracts top U.S. and global central bankers. The event runs from Aug. 22 to 24 in Grand Teton National Park in Wyoming.
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...
U.S.-based Diversified Energy has announced a definitive agreement to acquire Maverick Natural Resources from...
By Georgina McCartney (Reuters) – Top U.S. oilfield services firms are facing weaker pricing...
Story By Imma Perfetto | Originally published by Cosmos | In new insight into...
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 Andreas Exarheas|RigZone.com| A fact sheet posted on the White House website on Tuesday stated...
by Andreas Exarheas |RigZone.com| U.S. natural gas is dipping back on the fact that the...
El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a...
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