by Bloomberg|Paul-Alain Hunt, Stephen Stapczynsk| According to Kevin Gallagher, the head of Santos Ltd, demand for natural gas will remain strong despite government...
Mergers and acquisitions in the U.S. oil and gas industry increased by 57% last year, as companies in the U.S. also increased...
APA Corporation is considering the sale of oil and gas drilling properties located in the Permian Basin, spanning Texas and New Mexico,...
Mark Jaffe’s report in The Colorado Sun details how Prospect Energy’s operations in Larimer County have been shut down due to severe...
The U.S. liquefied natural gas (LNG) sector, despite its rapid rise as the world’s largest exporter, is facing increasing challenges that threaten...
By Julianne Geiger for Oilprice.com | U.S. average gasoline prices fell week over week on Friday, at $3.42 per gallon—the cheapest Friday...
By Mella McEwen,Oil Editor |Midland Reporter Telegram| Endeavor Energy Resources announced on Friday the passing of its founder and chairman of the board,...
Governor Gavin Newsom’s recent proposal to require California refiners to maintain a minimum fuel reserve may seem like a bold move to...
Story by Andreas Exarheas| RigZone.com| Hedge funds and Commodity Trading Advisors (CTAs) reduced their longs across the four main Brent and WTI...
Chevron has achieved a significant milestone in oil production, announcing on Monday that it has successfully pumped oil from a field operating...
U.S. stocks closed higher Friday, with the S&P 500 and technology-heavy Nasdaq Composite each posting its biggest weekly jump since November ahead of the Federal Reserve’s policy meeting.
The Dow Jones Industrial Average rose 297.01 points Friday, or 0.7%, to close at 41,393.78.
The S&P 500 climbed 30.26 points, or 0.5%, to finish at 5,626.02.
The Nasdaq advanced 114.30, or 0.7%, to end at 17,683.98.
For the week, the Dow gained 2.6%, the S&P 500 rallied 4%, and the Nasdaq jumped 6%. According to Dow Jones Market Data, the S&P 500 and Nasdaq each saw their largest weekly percentage gain since the stretch ending Nov. 3.
Investors are looking ahead to the Fed’s two-day policy meeting next week, which will conclude Wednesday with its highly anticipated decision on where to set interest rates. At last check, according to the CME FedWatch Tool, after the closing bell on Friday, traders were pricing in a 55% chance the Fed will lower its policy rate by a quarter percentage point and a 45% probability of a larger, half-point rate cut.
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
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...
Helium is the second most abundant element in the universe after hydrogen. It is a...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
By Irina Slav for Oilprice.com | Crude oil prices moved higher today after the...
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC),...
Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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