Mark Jaffe | The Colorado Sun| A proposed draft of rules to manage the cumulative impacts of oil and gas drilling is...
StoryBy Jennifer Pallanich |Journal of Petroleum Technology |Across the US, the number of college students pursuing petroleum engineering degrees has been dropping, leaving...
by Rachel Frazin | The Hill |The Biden administration announced on Tuesday it was protecting 28 million acres of public lands in Alaska, reversing a...
China National Petroleum Corp (CNPC), Asia’s largest oil producer, is reassessing its global strategy with an eye on reviving its dealmaking activities....
By Mitchell Ferman|Bloomberg| About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people quietly buttresses...
New Zealand announced on Monday that it will pass new legislation by the end of this year to reverse a ban on...
By Julianne Geiger for Oilprice.com | As OPEC+ gears up for its next meeting, the group finds itself at a crossroads that...
Story By Bethany Blankley | The Center Square – Texas’ oil and natural gas production reached new record highs in July, after...
By Matt Egan, CNN — Oil giant Halliburton said Wednesday it’s grappling with a computer system issue reportedly linked to a cyberattack. A person...
As of early Thursday, Brent crude futures edged up by 3 cents to $76.08 a barrel, while U.S. West Texas Intermediate (WTI)...
U.S. benchmark oil prices on Monday looked to end the month higher, buoyed by threats to global supplies, but they were still registering a loss for the quarter as the Trump administration's plan to implement reciprocal tariffs on Wednesday raised the potential for demand destruction.
President Donald Trump might call April 2 “Liberation Day,” but for oil bulls, it could shape up more like “correction day,” said Stephen Innes, managing partner at SPI Asset Management. “If sentiment surveys prove self-fulfilling and the hard U.S. data rolls over, crude could make a beeline south before you can say ‘demand destruction,’” he said.
On Monday, U.S. benchmark West Texas Intermediate crude for May delivery closed up $2.12, at $71.48 a barrel on the New York Mercantile Exchange. Based on the front month, prices were trading roughly 2.5% higher for the month, but down about 0.3% for the quarter.
Brent Crude for May delivery closed up $1.11 at $74.74 a barrel, while Natural Gas for May closed up 5.4 cents, at $4.119 MMBtu, after hitting a high for the day of $4.25.
Despite mainly moving higher on Monday, U.S. stocks ended lower for both March and the first quarter of 2025, as investors remain concerned about the uncertainty brought by President Donald Trump's tariff plans.
The Dow Jones Industrial Average fell 542.46 points or 1.3% this quarter, ending at 42,001.76. It lost 1,839.15 points or 4.2% in March, while the index was up 417.86 points or 1% on Monday.
The S&P 500 slid 269.78 points or 4.6% this quarter to finish at 5,611.85, recording its most significant quarterly percentage decline since the third quarter of 2022. The benchmark fell 342.65 points or 5.8% in March, recording its largest monthly percentage decline since December 2022. It rose 30.91 points or 0.6% on Monday.
The Nasdaq Composite dropped 2,011.50 points or 10.4% this quarter to close at 17,299.29, recording its largest quarterly point and percentage declines since the second quarter of 2022. The tech-heavy index shed 1,547.99 points or 8.2% in March, posting its largest monthly percentage decline since December 2022. It was down 23.70 points or 0.1% on Monday.
CNBC – President Donald Trump is urging oil producers to “drill, baby, drill.” U.S. oil and...
As it ages, the Permian Basin is producing more water, gas, and less oil...
In 2024, Texas’s oil and natural gas industry achieved unprecedented production milestones, reinforcing the...
The Permian Basin, long celebrated as the crown jewel of America’s shale revolution, is...
Goldman Sachs says a drop in oil prices could significantly impact production growth outside...
Iron Oak Energy Solutions LLC, a prominent proppant supplier in North America, has announced...
By Mella McEwen,Oil Editor |Midland Telegram-Reporter| Buffeted by geopolitical risk, trade policies and other factors,...
Story By Rodielon Putol | Earth.com | Transitioning from fossil fuels to renewable energy,...
By Tsvetana Paraskova for Oilprice.com | As Saudi Arabia pushes ahead with its ambitious...
The oil and gas industry enters the second quarter of 2025 with cautious optimism....
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...
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