Story By Andreas Exarheas| RigZone.com | Oil prices have failed to achieve any significant momentum in 2024 yet, either upwards or downwards,...
Shell, a leading player in the global energy sector, has recently initiated a series of layoffs as part of its strategy to...
The United States is witnessing a remarkable phase in its oil production history, achieving record highs in oil output while operating with...
In an era where sustainability and efficiency are paramount, the U.S. oil and gas industry has made significant strides in enhancing production...
The oil and gas industry is set to undergo significant shifts in 2024, driven by a combination of market dynamics, technological advancements,...
Houston-based Talos Energy Inc. has announced a significant move in the oil and gas industry with its strategic acquisition of QuarterNorth Energy...
Inheriting mineral rights can be akin to stumbling upon a buried treasure. The prospect of tapping into the lucrative oil and gas...
In the midst of a bitter cold snap, Texas faces an alarming situation as natural gas output has plummeted to an 11-month...
In a recent development that has sent ripples through the global oil markets, oil prices have exhibited a slight decline amidst escalating...
A series of earthquakes near Edmond and Arcadia, Oklahoma, occurring late Friday night and continuing into early Saturday morning, have captured significant...
Crude oil futures fell Sunday, after widely-anticipated Israeli airstrikes against Iran did not hit crucial oil facilities.
After initially dropping more than 5%, West Texas Intermediate crude CL00 -4.39% was down 4.2%, to $68.76 a barrel, as of 8:30 p.m. Eastern, while Brent crude BRN00 -4.22% the global benchmark, was down 4% to $72.62.
► Gold prices rallied, approaching $2,800. Global bonds continued to fall as investors speculated about how far and how quickly central banks will cut interest rates.
► Treasury yields rose above 4.2%, impacting the market's liquidity. Rising yields suggest caution among investors as the Federal Reserve hints at a more moderate pace, likely to include a 25-basis-point cut.
► Geopolitical tensions continue to create uncertainty. Macroeconomic indicators reveal a troubling landscape in the housing market, with existing home sales hitting a 14-year low, underscoring the challenges of elevated mortgage rates and persistently high home prices.
► Big Tech earnings are in full swing, and major developments unfolded in the sector, with Qualcomm facing disruption as Arm Holdings cancels a critical chip design license.
► Bitcoin continued its uptrend amid high market volatility as traders sought alternative investments. Meanwhile, Robinhood's acquisition of Bitstamp for $200 million underscores the growth trajectory and potential consolidation within the crypto industry.
by Andreas Exarheas|RigZone.com| In a market update sent to Rigzone by the Rystad Energy...
By Sheila Dang -HOUSTON | REUTERS—U.S. oil major Chevron told Reuters that it plans...
A long-overlooked shale play in South Texas might finally be showing signs of promise,...
In the wake of President Donald Trump’s re-election in November 2024, his administration swiftly...
Chevron Corporation has announced plans to lay off approximately 600 employees at its former...
Over the past two decades, the U.S. shale revolution has dramatically transformed the global...
(UPI) — The Department of Interior on Thursday released an analysis of fossil fuel...
As oil prices sink to their lowest levels in four years and the risk...
by Andreas Exarheas|RigZone.com|Where next for oil prices? That’s the question Stratas Advisors looked at in...
By Irina Slav for Oilprice.com | Oil prices have been on the mend this...
By Tsvetana Paraskova for Oilprice.com | The average price of India’s crude oil imports...
On April 8, 2025, the Keystone Pipeline experienced a significant rupture near Fort Ransom,...
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