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The Biden Administration on Tuesday announced the successful sale of oil and gas drilling rights in Wyoming, generating $3.4 million. This sale...
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are currently considering deepening their oil production cuts....
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By: Reuters – Venezuela is currently producing some 850,000 barrels per day (bpd) of oil and hopes to soon reach 1 million...
The 2024 World Series kicks off tonight in Los Angeles, featuring a classic matchup between the Yankees and Dodgers—their 12th championship meeting. This series marks a rare clash between both leagues' top seeds and showcases unprecedented star power, including five former MVPs and both leagues' current home run leaders in Aaron Judge and Shohei Ohtani.
The stakes are high for both teams: The Yankees aim to extend their record with a 28th championship, while the Dodgers pursue their eighth title and hope to avoid adding to their record of 14 World Series losses. The series starts at 8 PM ET on FOX, with oddsmakers giving the Dodgers a slight edge.
Oil prices eased about 1% in volatile trade on Thursday on reports the U.S. and Israel will try to restart talks on a possible ceasefire in Gaza.
Brent futures settled down 58 cents, or 0.8%, lower at $74.38 a barrel, while U.S. West Texas Intermediate crude (WTI) slipped 58 cents, or 0.8%, to end at $70.19.
Earlier in the session, both benchmarks traded up over $1 a barrel on concerns the ongoing conflict in the Middle East could result in oil supply disruptions and from uncertainty ahead of the U.S. presidential election on Nov. 5.
"(The) energy complex continues to zig and zag as Middle East risk premium expands and contracts almost daily," analysts at energy advisory firm Ritterbusch and Associates said in a note.
After Iran fired missiles at Israel on Oct. 1, Brent crude surged about 8% during the week ended Oct. 4 on worries Israel would attack Iran's oil infrastructure. It fell about 8% in the week ended Oct. 18 on reports Israel would not hit energy infrastructure, easing fears of supply disruptions.
U.S. stocks closed mixed on Thursday, with the blue-chip Dow extending its losing streak to a fourth straight session and the S&P 500 edging higher as Tesla shares surged.
Dow Jones Industrial Average fell 140.59 points, or 0.3%, ending at 42,374.36, booking its largest 4-session slide since Sept. 6th.
The S&P 500 index gained 12.44 points, or 0.2%, closing at 5,809.86, while the Nasdaq Composite Index added 138.83 points, or 0.8%, finishing at 18,415.49.
According to Dow Jones Market Data, Tesla Inc. shares rose about 21.9%, its largest daily gain since May 2013.
ConocoPhillips has recently made headlines with its acquisition of Marathon Oil, a move that...
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APA Corporation, a Houston-based oil and gas exploration company, is expanding its partnership with...
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