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With the acquisition from PayRock of 61,000 net acres in the STACK region for $888 million now closed, Marathon Oil is starting...
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This week before presenting the current rig count data we take a historical look at rig counts across two categories. (1) The...
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The last several years provided some of the most economic shale wells ever drilled in the US, one of the many reasons...
Last Weeks Drilling Intents, Spacing and Pooling Filings. Oklahoma Corporation Commission (OCC) latest filings as reported by Oseberg show Citizen Energy II LLC, a...
In the energy-rich regions of the United States, regular landowners have a lucrative interest in the legal framework of mineral and royalty rights....
Rimrock Resource Partners LLC closed a $150 million acquisition of Scoop assets, the company announced July 28. The acquisition covers approximately 24,500...
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.
Suspected sabotage of Baltic Sea communication cables has sparked investigations and heightened tensions between...
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APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
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ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
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By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
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HOUSTON (Reuters) – Norwegian-headquartered Crown LNG is racing against time to develop and start...
From Bloomberg|by Jonathan Tirone| Iran has agreed to stop producing uranium enriched close to...
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