When conveying real estate in Oklahoma, including any interest in minerals, there are numerous types of instruments of conveyance a landowner may...
U.S. exploration and production companies have added an extra 400+ rigs to target oil-bearing formations since the end of May 2016. The...
June 9 (UPI) — The economy in shale-rich Oklahoma has recovered from last year’s market downturn as gross tax receipts improve, the...
STACK pilot well performance so far in 2017 is mixed as one would expect in the early stages of assessing a new...
Times Record News, June 5, 2017 The Texas oil industry had no where to go but up after crashing down to about $28...
Lonestar Resources US Inc. (NASDAQ: LONE) said May 30 it agreed to acquire roughly 21,000 net Eagle Ford acres—significantly increasing its leasehold...
Global alternative asset manager The Carlyle Group L.P. (NASDAQ: CG) and EOG Resources, Inc. (NYSE: EOG) have entered into a definitive agreement...
Oklahoma City-based Continental Resources Inc., recently disclosed the development of a new rock layer in south central Oklahoma. Continental teams have completed...
Oseberg generated the following weekly report, which covers activity in Oklahoma for the week of May 8, 2017. This is a 30 day...
Oklahoma City based Devon Energy Corp. (NYSE: DVN) announced this week that it has entered into definitive agreements with undisclosed parties to...
The U.S. Energy Information Administration reported weekly supply declines of 5.7 million barrels for U.S. gasoline and 1.6 million barrels for distillates. Analysts surveyed by Platts, part of S&P Global Commodity Insights, had forecast a supply decline of 1.6 million barrels for gasoline and an increase of 180,000 barrels for distillates. Demand for gasoline, meanwhile, climbed, with total finished motor gasoline supplied, a proxy for demand, at 9.182 million barrels per day in the latest week, versus 8.877 million bpd from a week earlier.
Commercial crude inventories climbed by 1.4 million barrels for the week that ended March 7, the EIA said. The data were expected to show a rise of 2 million barrels on average, according to the Platts survey. Late Tuesday, the American Petroleum Institute reported a crude inventory rise of 4.25 million barrels, according to a source citing the data.
Oil futures settled higher Wednesday, finding support from overall weakness in U.S. dollar, as well as data from the Energy Information Administration showing a notable weekly rise in gasoline demand and a nearly 6-million-barrel drop in supplies of the motor fuel.
The rise in gasoline demand helped offset global economic growth worries as investors navigated intensifying trade tensions.
U.S. stocks finished mostly higher on Wednesday afternoon after February's consumer-price index report showed inflation cooled more than expected last month.
The Nasdaq Composite surged 212.35 points, or 1.2%, to end at 17,648.45 after two days of heavy losses, according to FactSet data. Gains for tech heavyweights, including Nvidia Corp., Tesla Inc. and others helped lift the index, which remains down 3% so far this week.
The S&P 500 gained 27.23 points, or 0.5%, to finish at 5,599.30, after back-to-back losses.
The Dow Jones Industrial Average notched a third straight loss, falling 82.55 points, or 0.2%, to 41,350.93.
February's CPI report showed inflation rose 0.2% last month and 2.8% from a year ago. Excluding volatile food and energy prices, core CPI also rose 0.2% for the month and was at 3.1% on a 12-month basis.
Despite the rebound in technology stocks, uncertainty around President Donald Trump’s trade policies continued to weigh on market sentiment on Wednesday. The president officially imposed sweeping 25% tariffs on all steel and aluminum imported into the U.S. on Wednesday, while Canada said it will impose 25% tariffs on more than $20 billion worth of U.S. products.
The United Arab Emirates is making a major financial play in the United States,...
By Alex Kimani| OilPrice.com | Hedging is a popular trading strategy frequently used by oil...
CNBC – President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and...
Goldman Sachs says a drop in oil prices could significantly impact production growth outside...
A jury in North Dakota has delivered a devastating blow to Greenpeace, ordering the...
In 2024, Texas’s oil and natural gas industry achieved unprecedented production milestones, reinforcing the...
As it ages, the Permian Basin is producing more water, gas, and less oil...
Story By Rodielon Putol | Earth.com | Transitioning from fossil fuels to renewable energy,...
By Mella McEwen,Oil Editor |Midland Telegram-Reporter| Buffeted by geopolitical risk, trade policies and other factors,...
President Donald Trump on Monday announced a sharp new move aimed at Venezuela’s oil...
Story by Andreas Exarheas |RigZone.com| In a Stratas Advisors report sent to Rigzone by...
The oil and gas industry enters the second quarter of 2025 with cautious optimism....
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