Dow’s 575-point Friday surge puts finishing touch on year’s best month
U.S. stocks ended mostly higher Friday, with the S&P 500 booking...
U.S. stocks ended mostly higher Friday, with the S&P 500 booking a gain after erasing earlier losses shortly before the closing bell.
The Dow Jones Industrial Average jumped 574.84 points, or 1.5%, to close at 38,686.32.
The S&P 500 rose 42.03 points, or 0.8%, to finish at 5,277.51.
The Nasdaq Composite slipped 2.06 points, or less than 0.1%, to finish the trading session about flat at 16,735.02.
While all three major stock indexes fell for the week, they each posted monthly gains.
In May, the S&P 500 rose 4.8% for its best month since February, while the technology-heavy Nasdaq climbed 6.9% for its biggest monthly gain since November. The Dow rose 2.3% in May, its strongest monthly performance since December.
EIA: Summer gas use for power to reach 2023 record
The Energy Information Administration expects US natural gas consumption...
The Energy Information Administration expects US natural gas consumption for electricity generation to average 44.7 Bcf/d this summer, on par with the record set last summer. US electricity generation is projected to grow by 3% this summer, driven by renewables.
Israel’s military has advanced into central Rafah, pushing deeper into the southern Gaza city despite international backlash
Israel has followed through with its offensive in Rafah despite concerns from close allies like the United...
Israel has followed through with its offensive in Rafah despite concerns from close allies like the United States over the safety of displaced Palestinians and other civilians sheltering there.
Permian gas infrastructure growth bodes well for oil
Rising natural gas processing...
Rising natural gas processing capacity and the upcoming startup of the 2.5-Bcf/d Matterhorn Express Pipeline are expected to stimulate crude oil production in the Permian Basin, say analysts. Regional gas processing capacity is on track to increase by over 2.8 Bcf/d this year and roughly 2.3 Bcf/d in 2025.
Advancing new geothermal frontiers a focus for Chevron
Partnerships, technological...
Partnerships, technological innovation and supportive policies are the key ingredients for advancing geothermal energy beyond 4 gigawatts in the US, Chevron New Energies Vice President of Carbon Capture, Utilization and Storage Chris Powers said in an interview. He detailed how Chevron was leveraging its oil and gas expertise and Energy Department funding to develop and scale novel geothermal technologies such as low-temperature hydrothermal, advanced closed loop, and enhanced geothermal systems.
