Story By Filip De Mott | Business Insider, via Yahoo News |While rising crude oil might be a disturbing sight, US drivers...
While Oklahoma trails only Texas in oil and gas employment, its energy sector has grappled with the most pronounced job losses nationwide,...
By: AP – Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to...
By: Bloomberg – Devon Energy Corp., an Oklahoma City-based oil and gas company, is studying major acquisition targets as it seeks to...
By: Associated Press – The upcoming United States winter looks likely to be a bit low on snow and extreme cold outbreaks,...
By Laura Sanicola and Stephanie Kelly. WASHINGTON (Reuters) – U.S. oil refiners have cranked up output of diesel, heating oil, and jet...
By: Oil & Gas Journal – In its latest Short-Term Energy Outlook, the US Energy Information Administration (EIA) projects that natural gas...
By: Reuters – An Alaska state agency on Wednesday sued the Biden administration over its decision to cancel oil and gas leases...
By: Reuters – An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron’s (CVX.N) two liquefied natural...
By: Reuters – Four years ago, Texas oilman Scott Sheffield saw the oil majors were moving aggressively into the top U.S. shale...
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 JENNIFER McDERMOTT | AP | Chris Wright, President-elect Donald Trump’s pick for energy secretary, told...
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President Donald Trump wasted no time reversing the country’s energy policies upon taking office,...
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🟢 US oil and gas companies are expected to prioritize shareholder returns and limit...
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