U.S. crude oil production rose by 6,000 barrels per day (bbl/d) in January to 9.964 million bbl/d, the Energy Information Administration (EIA)...
This past winter, during a period of extreme cold throughout much of our nation, a potential natural gas crisis was averted thanks...
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas fell by 63 billion cubic feet for the week...
Baker Hughes published its North American rig count report on Thursday, one day earlier than usual, due to the Good Friday holiday...
Update May 14th, 2020 – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21...
The Denver Business Journal reports that Denver based SM Energy Co. has finalized a $500 million deal to sell the majority of...
Shale energy company Bill Barrett Corp. completed its merger with Fifth Creek Energy and started trading last Tuesday under the new symbol,...
Oklahoma City-based Devon Energy Corp said on Monday it was looking to sell even more assets than previously announced in order to...
Second straight weekly rise in the U.S. oil-rig count Crude oil prices have added about 7.7% over the past two weeks, driven...
South Korean energy giant SK Innovation has signed an agreement to acquire a US oil and gas explorer to expand its overseas...
U.S. stocks closed higher Friday, with the S&P 500 and technology-heavy Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting.
The Dow Jones Industrial Average rose 297.01 points Friday, or 0.7%, to close at 41,393.78.
The S&P 500 climbed 30.26 points, or 0.5%, to finish at 5,626.02.
The Nasdaq advanced 114.30, or 0.7%, to end at 17,683.98.
For the week, the Dow gained 2.6%, the S&P 500 rallied 4%, and the Nasdaq jumped 6%. According to Dow Jones Market Data, the S&P 500 and Nasdaq each saw their largest weekly percentage gain since the stretch ending Nov. 3.
Investors are looking ahead to the Fed’s two-day policy meeting next week, which will conclude Wednesday with its highly anticipated decision on where to set interest rates. At last check, according to the CME FedWatch Tool, after the closing bell on Friday, traders were pricing in a 55% chance the Fed will lower its policy rate by a quarter percentage point and a 45% probability of a larger, half-point rate cut.
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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...
Helium is the second most abundant element in the universe after hydrogen. It is a...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
By Irina Slav for Oilprice.com | Crude oil prices moved higher today after the...
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC),...
Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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