TULSA, Okla. and VANCOUVER, British Columbia, June 27, 2018 (GLOBE NEWSWIRE) — Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is releasing the...
Oasis Petroleum Inc., Houston, signed two separate purchase and sale agreements to sell an estimated 4,400 boe/d of net production and 65,000...
HOUSTON (Reuters) – Shares of U.S. oilfield service companies have fallen by more than 8 percent in the past month as worries...
The Eagle Ford Group of Texas contains estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas,...
General Electric Co. plans to spin off its health-care business and unload its ownership in oil-services company Baker Hughes, people familiar with...
Bloomberg – Pipeline bottlenecks in North America’s biggest oil field (Permian Basin) are so pervasive that drillers are quitting new wells at...
DOON, Iowa (AP) — An estimated 230,000 gallons (870,619 liters) of crude oil spilled into floodwaters in the northwestern corner of Iowa...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. Closing Oil Prices – Friday, June 22, 2018 WTI...
Have you ever thought much about sand? Maybe you played in it as a kid. Or maybe left your...
(Reuters) – SandRidge Energy Inc. said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl...
Voters say their most important issue in this presidential election is the economy, and with less than a week until Election Day, they are about to be given a lot of homework. There will be a rush of economic reports dropping before November 5, and you're about to see a lot of data condensed and stripped of context for headlines and speeches.
As if there wasn't enough chaos, the Boeing strike and aftermath of Hurricanes Helene and Milton will likely muddle some of the data. In the final stretch of automated texts asking for $20, here's an economy vibe check: Two new reports released yesterday seemed to signal a positive-but-cooling labor market, while the US government will release its first estimate of last quarter's GDP growth today, which is expected to be a healthy 3%. A report on Thursday measuring personal consumption expenditures is expected to show inflation dropping to 2.1% in September, tantalizingly close to the Fed's 2% goal. The big one on Friday, October's jobs report, will offer a blurry look at the labor market, with an expected 4.1% unemployment rate (the lowest preelection unemployment rate in 24 years) but a sluggish job growth rate because of the strike and hurricanes. It's hard to say whether the deluge of percentage point changes will make a difference to voters, especially in this tight election, as gas prices, which presidents have little control over, are nonetheless near a three-year low.
Oil prices closed slightly lower on Tuesday, adding to a more than 6% drop in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon.
Brent crude futures settled down 30 cents, or 0.4%, at $71.12 a barrel, while U.S. West Texas Intermediate crude shed 17 cents, or 0.3%, to $67.21 a barrel.
Netanyahu will hold a meeting on Tuesday evening with Israeli ministers and the heads of the country's military and intelligence community about talks for a diplomatic solution to the war in Lebanon, Axios reporter Barak Ravid said on X, citing two sources.
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that Iran will "use all available tools" to respond to Israel's weekend attack.
Meanwhile, declining oil demand from China, the world's largest crude oil importer, remains a drag on global oil consumption and prices.
U.S. stocks finished mostly higher on Tuesday, with the Nasdaq Composite scoring its 28th record close of the year, as investors prepared for quarterly earnings from Google parent Alphabet Inc. after the closing bell.
The Nasdaq advanced 0.8% to finish at an all-time closing high of around 18,712, according to preliminary data from FactSet.
The Dow Jones Industrial Average was off 0.4%, to end near 42,233.
The S&P 500 rose 0.2%, ending near 5,833.
Alphabet Inc. and Advanced Micro Devices Inc. are among the tech companies scheduled to report quarterly results after the market closes on Tuesday.
Microsoft Corp. and Meta Platforms Inc. are expected to report on Wednesday, while Apple Inc. and Amazon.com Inc. are up on Thursday.
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
The owner of the Inglewood Oil Field in Los Angeles County is taking the...
By Jarrett Renshaw (Reuters) – U.S. President-elect Donald Trump does not intend to spare...
Thanksgiving Day, 6:42 a.m. The faint glow of sunrise illuminated the empty parking lot...
(Reuters) – Oil prices were little changed on Wednesday, pressured by a large surprise...
APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results...
Donald Trump’s transition team is preparing to make energy a top priority, aiming to...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
By Kaanita Iyer, CNN |President-elect Donald Trump has chosen North Dakota Gov. Doug Burgum to...
U.S. natural gas producers are gearing up to boost output in 2025 after a...
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