We could be on the cusp of more than $50 billion worth of oil and gas deals through the rest of 2018...
Tallgrass Energy, LP (TGE-OLD) (NYSE: TGE) (“Tallgrass”) and Silver Creek Midstream, LLC (“Silver Creek”) today announced a binding open season soliciting additional...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. U.S. energy companies this week added oil rigs for...
A massive natural gas project in the Uinta Basin that promised as much as $1 billion in state royalties over its lifetime...
Mineral Buyers Are Not Created Equal~ With the announcement of Longpoint Minerals II securing $802 million to purchase Oklahoma and Texas mineral...
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain...
Libya’s National Oil Corporation has declared force majeure on crude oil loadings from two oil terminals, which effectively removed 850,000 bpd from...
I. The stakes are far too high, and in any case in which a defendant’s primary appeal to the public is to...
Ascent Resources said Friday it’s spending $1.5 billion for oil and natural gas assets in Ohio’s Utica Shale Play, deals that will...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. Experts say disruption to crude oil supplies from Iran...
U.S. stocks ended mixed on Monday, as investors continued to digest Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium last Friday. They also awaited Nvidia Corp.'s earnings due Wednesday and new inflation data due Friday.
The Dow Jones Industrial Average went up 65.44 points or 0.2% on Monday to end at 41,240.52, a new record close, according to Dow Jones Market Data. It is the index’s 23rd record close this year.
The S&P 500 fell 17.77 points or 0.3% to finish at 5,616.84.
The Nasdaq Composite traded down 152.03 points or 0.9% to close at 17,725.76.
Crude futures are surging after a weekend flare-up of tensions between Israel and Hezbollah along the Lebanon border, exacerbated today by the Libyan National Army's call for a production shutdown in the country's eastern oilfields amid growing unrest.
Meanwhile, Exxon Mobil took the opportunity to release its annual energy report, where it says that carbon emissions won't drop until 2030, and warns that increased adoption of electric vehicles won't be enough to offset the impact of surging energy demand caused by a rising population. Not unlike the average global temperature, XOM is lingering within range of all-time highs at midday.
U.S. stocks today are mixed, with the Dow Jones Industrials posting a new record high. Weakness in chip stocks today is weighing on the broader market. Stocks have carryover support from last Friday, when Fed Chair Powell said "the time has come for policy to adjust." Also, energy stocks are climbing today, with WTI crude oil up more than +3% at a 1-week high
The EU's Red Sea naval mission says there are no obvious signs of an oil spill from a tanker attacked by Houthis in Yemen on Friday.
But a fire on board the MV Sounion has continued to burn.https://t.co/HfDL1Qg1DY
— DW Europe (@dw_europe) August 26, 2024
The numbers: The Commerce Department said Monday that orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July.
Economists had forecast a 4% rise in orders for durable goods — products made to last at least three years.
Orders have risen in five of the last six months. However, they dropped 6.9% in June due to weak aircraft orders.
Excluding the volatile transportation sector, orders were up 0.2% in July after a 0.1% gain in the prior month.
Another measure in the report seen as a bellwether for business investment — core capital-goods orders, which exclude volatile sectors like transportation and defense — slipped 0.1% last month after a 0.5% rise in June.
Helium is the second most abundant element in the universe after hydrogen. It is a...
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A federal judge has hit the pause button on new oil and gas drilling...
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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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