U.S. oil producer Apache Corp is putting its West Texas pipeline assets into a joint venture with investment firm Kayne Anderson that...
OKLAHOMA CITY, Aug. 7, 2018 /PRNewswire/ –/PRNewswire/ Continental Resources, Inc. today announced second quarter operating and financial results. The Company reported net income of $242.5 million,...
The data here is provided courtesy of Oseberg, a next-generation oil & gas information and data analytics company that offers a compelling new...
OKLAHOMA CITY, Aug. 6, 2018 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) (The “Company”) today announced that Franco-Nevada (NYSE & TSX: FNV) has agreed to pay...
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THE WOODLANDS, Texas, — Newfield Exploration Company (NYSE: NFX) announced last week its second-quarter 2018 unaudited financial and operating results. Additional details can be...
Chesapeake Energy Corp posted a quarterly loss on Wednesday, hurt by a drop in natural gas prices and higher expenses, sending its...
Devon Energy Corp. (DVN) on Tuesday reported a second-quarter loss of $425 million, after reporting a profit in the same period a...
Oil Markets Oil prices fell on Friday, weighed down by a drop in the U.S. equities market, but Brent still marked a...
It was Chesapeake that discovered the Ohio Utica in 2011. At the time, the late Aubrey McClendon, CEO, famously said, “It would...
U.S. stocks finished higher on Wednesday after the Federal Reserve decided to leave interest rates unchanged at a range of 4.25% to 4.50% for a second straight meeting.
Meanwhile, the central bank's so-called dot plot, used by Fed officials to indicate their new projections on the economy and the future path of rates, showed policymakers still penciled in two rate reductions this year. They also saw lower economic growth and higher inflation for 2025, which could raise fears of stagflation.
The Dow Jones Industrial Average rose 383.32 points, or 0.9%, to end at 41,964.63, according to FactSet data.
The S&P 500 was up 60.63 points, or 1.1%, to end at 5,675.29.
The Nasdaq Composite popped 246.67 points, or 1.4%, ending at 17,750.79.
"The Fed meeting delivered a dovish surprise that stock-market bulls have welcomed. They kept rates on hold, and as expected, they revised down their growth outlook and revised up their inflation outlook. This does not sound like the basis for a dovish surprise..." said Kathleen Brooks, research director at XTB.
However, Fed Chair Jerome Powell was able to "spin the latest Fed projections and stunned the market" when he said inflation tied to tariffs would likely be "transitory," Brooks added.
Stocks bounced back this week from their sharp selloff over the past month, after uncertainty around President Donald Trump's tariff plans sent financial markets into a tailspin.
The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting, as officials stuck to their previous forecast for two more cuts this year despite bracing for higher inflation and slower growth.
The central bank’s decision to hold interest rates at 4.25 percent to 4.5 percent extends a pause that has been in place since January following a series of cuts in late 2024 that lowered borrowing costs by a percentage point.
Israel ground forces pushed deeper into the Gaza Strip on Wednesday, taking over parts of a major corridor that bisects the Palestinian enclave, in the most significant ground operation since the collapse of the cease-fire with Hamas.
The operation followed wide-scale Israeli aerial bombardment in Gaza that began early on Tuesday morning, ending the fragile truce between Israel and Hamas that had held since mid-January. More than 400 people were killed, according to the Gaza health ministry, which does not distinguish between civilians and combatants.
The Israeli military said soldiers had begun “targeted ground activities” along the road — known as the Netzarim Corridor — to create a “partial buffer zone” between northern and southern Gaza. Israeli forces had widened their control “to the center of the Netzarim Corridor,” the military said.
by Andreas Exarheas|RigZone.com| In a market update sent to Rigzone by the Rystad Energy...
By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans...
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(UPI) — The Department of Interior on Thursday released an analysis of fossil fuel...
by Andreas Exarheas|RigZone.com|Where next for oil prices? That’s the question Stratas Advisors looked at in...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports...
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