In Colorado, an unprecedented legislative initiative aimed at combating climate change by progressively eliminating oil and gas extraction encountered an insurmountable obstacle...
Chesapeake Energy Corp. is strategizing to navigate the fluctuating natural gas market by planning to place 80 of its new natural gas...
Story By Curtis Williams | Reuters | Oil and gas production in Texas, Louisiana, and New Mexico decreased in the first quarter...
From Bloomberg, via RigZone.com | Story By Josyana Joshua | US pump prices are likely to climb to the highest since the summer...
Russian oil companies are experiencing significant delays in receiving payments for their crude oil and fuel exports, with some waits extending to...
In January, the US Energy Information Administration (EIA) reported a monumental achievement in the American oil industry: domestic crude oil production reached...
By Bloomberg, via RigZone.com |Mohammed Hatem, Christine Burke | The Yemen-based Houthi militants renewed their threats against Saudi Arabia, warning it not...
Story By Mella McEwen |Midland Reporter Telegram| Despite a nearly 25% decline in the rig count last year, US crude oil production...
At a recent summit in Brussels, key figures from pro-nuclear European nations and energy specialists advocated for a resurgence of nuclear energy....
Story By Leslie Sattler | TCD, via Yahoo News | In Colorado, abandoned oil wells have sparked lawsuits from fed-up landowners. What’s...
Hurricane Francine strengthened suddenly and unexpectedly on Wednesday afternoon, just ahead of a projected landfall southwest of New Orleans. The storm lashed southern Louisiana with heavy rain and wind, setting off tornado warnings across a region whose residents have been scarred by powerful disasters.
Officials urged people who had not evacuated to stay inside for their safety as the storm brought strong winds, surging seas and the risk of flash flooding. The governor of Louisiana warned that some in the state could be without power “for some time” after Francine moves through.
All three major stock indexes scored large intraday comebacks on Wednesday, helped by dip-buyers, overcoming earlier weakness seen following the release of the August consumer-price index.
Based on preliminary data, the Dow Jones Industrial Average finished up by 124.75 points, or 0.3%, at 40,861.71. It had been down by as much as 1.8% at its session low.
The S&P 500 closed up 58.61 points, or 1.1%, at 5,554.13 after falling as much as 1.6% during the day.
The Nasdaq Composite ended up by 369.65 points, or 2.2%, at 17,395.53. It had declined as much as 1.4% earlier on Wednesday.
According to Dow Jones Market Data, the Dow's and S&P 500's comebacks rank as the largest since Oct. 13, 2022. The small-cap Russell 2000, which finished up by 0.3% at around 2,104, also saw its biggest intraday comeback in almost two years.
The Nasdaq's comeback was the biggest since March 15, 2023, and Wednesday's rise represents the index's best CPI-day performance since Nov. 14.
The Dow Jones Industrial Average was tumbling on Wednesday morning, down nearly 600 points, or 1.4% as investors digested a hotter-than-expected August core inflation reading that may derail the chance of a jumbo interest-rate cut by the Federal Reserve next week.
Fed-funds futures traders saw an 85% chance that the Fed will lower its rate by a quarter percentage point to a target range of 5% to 5.25% in September. The chance of a half percentage point move fell to 15% from 34% a day ago, according to the CME FedWatch Tool.
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
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 Matterhorn natural gas pipeline, currently the largest under construction in Texas, has begun...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
Have your oil & gas questions answered by industry experts.