Some projections rank this discovery as the world’s fourth-largest in terms of oil and gas reserves. A significant discovery of oil and...
Story By Charles Kennedy for Oilprice.com| Refining margins across Asia fell this week to their lowest level for this time of year...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition of natural gas gathering and processing assets from...
Artificial intelligence (AI) is increasingly influencing electricity consumption in the U.S., mainly due to the rapid expansion of data centers. Sandy Segrist...
The Matterhorn natural gas pipeline, currently the largest under construction in Texas, has begun transporting small amounts of natural gas from the...
By Irina Slav for Oilprice.com | Crude oil prices moved higher today after the U.S. Energy Information Administration reported an estimated inventory...
In a recent interview, Lorenzo, the CEO of Baker Hughes, shed light on the company’s strategy and the broader energy market’s trajectory....
Story from Rystad Energy| Argentina has made a big step forward in attracting foreign and domestic investment into the country’s energy sector...
Brent oil prices fell in Asian trading on Tuesday, driven by growing concerns over weakening economic conditions in China that could reduce...
By Tim Bradner For the Frontiersman | Alaska wage and salary employment was up 2% in July, continuing a steady trend of...
U.S. stocks ended higher on Monday, building on last week's gains.
According to Dow Jones Market Data, the Dow Jones Industrial Average climbed 236.77 points, or 0.6%, to end at 40,896.53 for its fifth straight daily gain.
The S&P 500 gained 54.00 points, or 1%, to 5,608.25 for its eighth straight daily gain — logging its longest winning streak since November 8, 2023, when the market rose for eight straight trading days. The index also notched its largest eight-day percentage gain since March 24, 2022.
The Nasdaq Composite rose 245.05 points, or 1.4%, to finish at 17,876.77 for its eighth straight daily gain — recording its longest winning streak since December 19, 2023, when the market rose for nine straight trading days. The index also exited correction territory on Monday after only 11 trading days, the shortest correction for the index since the one ending October 11, 2011, which lasted six trading days.
Based on data since 1971, the Nasdaq Composite saw an average gain of 0.3% in the week after exiting correction territory and an average rise of 23.6% one year after such a move.
Market watchers widely expect Federal Reserve Chair Jerome Powell to set the tone for a September interest-rate cut in his speech at the Kansas City Fed’s annual Jackson Hole Economic Symposium on Friday.
However, if the speech goes differently, it could threaten the stock market’s recent bounce.
Powell is due to speak on the economic outlook at 10 a.m. Eastern time, following a precedent where Fed chairs almost always give a keynote speech during the high-profile annual gathering that regularly attracts top U.S. and global central bankers. The event runs from Aug. 22 to 24 in Grand Teton National Park in Wyoming.
Helium is the second most abundant element in the universe after hydrogen. It is a...
Landowners in Arkansas are calling on the Arkansas Oil and Gas Commission to reject...
Story By Jonathan Leake | The Telegraph | Analysts have warned that Labour’s tax...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
Have your oil & gas questions answered by industry experts.