In March, the upstream sector of the Texas oil and natural gas industry achieved unprecedented growth, setting a new record for job...
By Tsvetana Paraskova |OilPrice.com| Halliburton Company (NYSE: HAL) booked slightly higher-than-expected adjusted earnings for the first quarter, driven by rising international demand for...
As the landscape of U.S. oil exports evolves, ambitious projects like the Sea Port Oil Terminal (SPOT) spearheaded by Enterprise Products Partners...
Story By Jennifer A. Dlouhy | Bloomberg | via RigZone.com | The Biden administration on Friday finalized a plan to prevent oil...
By Laura Sanicola |Reuters| U.S. oil output from top shale-producing basins will rise in May to the highest level in five months, the...
by Bloomberg|P.Sykes, A.Shahla, E.Bronner|via RigZone.com| Iranian state media confirmed an attack by Israel in the early hours of Friday and said the...
On Wednesday the Alaska House of Representatives made a significant decision to support the advancement of carbon sequestration technologies. This move will...
Blanchard Royalties refer to the practice of the pooling or communitization of royalty interests such that each royalty owner would get their...
U.S. President Joe Biden has been actively involved in managing gasoline prices, a concern highlighted by John Podesta, a senior adviser at...
The Red Sea is a sea inlet of the Indian Ocean, lying between Africa and Asia. Its connection to the ocean is in the south, through the Bab-el-Mandeb Strait and the Gulf of...
U.S. stocks ended lower on Thursday, putting a little more daylight between them and record territory claimed earlier in the week.
Investors have been focused on what Donald Trump's second presidential administration will look like, with several top cabinet picks emerging in recent days. But there's still much uncertainty on what to expect in 2025.
The Dow Jones Industrial Average fell about 207 points, or 0.5%, ending near 43,750, according to preliminary data from FactSet.
The S&P 500 index shed about 36 points, or 0.6%, closing around 5,949.
The Nasdaq Composite index retreated about 123 points, or 0.6%, finishing near 19,107.
Initial jobless claims fell by 4,000 to 217,000 in the week ending Nov. 9, the lowest level since May. This was better than the expected 1,000 decline to 220,000. Before seasonal adjustments, the number of new claims jumped by 16,735 to 229,478. The number of people already collecting unemployment benefits fell by 11,000 to 1.87 million.
Despite the mixed data, the overall picture suggests companies are not rushing to hire at the same pace as earlier in the year and are not aggressively laying off workers. Richmond Fed President Tom Barkin noted that employers are wary of being understaffed again after the pandemic. Economists believe the Federal Reserve's current policy approach of gradual tightening is appropriate given the strength in the labor market.
By Tsvetana Paraskova for Oilprice.com | The Johan Sverdrup oilfield offshore Norway, the largest...
Story By Mella McEwen | Midland-Telegram Reporter |Devon Energy has begun detailing the results...
Donald Trump’s transition team is preparing to make energy a top priority, aiming to...
ONEOK, Inc. [OKE.N] and EnLink Midstream, LLC [ENLC.N] have announced that they have executed...
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
By Ernest Scheyder |HOUSTON (Reuters) – Exxon Mobil said on Wednesday it has signed...
U.S. natural gas producers are gearing up to boost output in 2025 after a...
Suspected sabotage of Baltic Sea communication cables has sparked investigations and heightened tensions between...
From Bloomberg|by Jonathan Tirone| Iran has agreed to stop producing uranium enriched close to...
Over the past five years, BP has attempted to make a bold move to...
Ring Energy And The Central Basin The Central Basin, a distinctive geological feature within...
Entergy has big plans for northeast Louisiana. The company has proposed a $3.2 billion...
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