Story by Deon Daugherty |Hart Energy| In the early hours of May 28, 1923, an oil well that almost wasn’t roared to...
Ines Ferré·Markets Reporter |Yahoo Finance|. The imbalance between oil supply and demand is likely to reverse going into the summer, says one...
By: Reuters – The U.S. Department of Energy’s refusal to grant export permit extensions to liquefied natural gas (LNG) developers that fail...
Story by Theron Mohamed |Business Insider| Charlie Munger rakes in $70,000 a year from a $1,000 investment he made six decades ago...
Story by Theron Mohamed |Business Insider|Warren Buffett’s Apple bet has surged in value by almost 40% this year to $158 billion — an...
By: Investing.com – Storage. Storage. Storage. The natural gas market just can’t seem to get enough of storage. With gas inventories from two weeks...
(Reuters) – U.S. natural gas production will rise to a record high in 2023, while demand will fall, the U.S. Energy Information...
By: Reuters – Spot natural gas prices for Wednesday at the Waha hub in the Permian Shale in West Texas fell into...
Story by Philip van Doorn |MarketWatch.com| Oil demand is likely to hold up longer than many people expect during the anticipated transition...
New research has highlighted the potential risk of tens of thousands of inactive offshore oil and gas wells remaining unplugged in the...
All three major stock indexes scored large intraday comebacks on Wednesday, helped by dip-buyers, overcoming earlier weakness seen following the release of the August consumer-price index.
Based on preliminary data, the Dow Jones Industrial Average finished up by 124.75 points, or 0.3%, at 40,861.71. It had been down by as much as 1.8% at its session low.
The S&P 500 closed up 58.61 points, or 1.1%, at 5,554.13 after falling as much as 1.6% during the day.
The Nasdaq Composite ended up by 369.65 points, or 2.2%, at 17,395.53. It had declined as much as 1.4% earlier on Wednesday.
According to Dow Jones Market Data, the Dow's and S&P 500's comebacks rank as the largest since Oct. 13, 2022. The small-cap Russell 2000, which finished up by 0.3% at around 2,104, also saw its biggest intraday comeback in almost two years.
The Nasdaq's comeback was the biggest since March 15, 2023, and Wednesday's rise represents the index's best CPI-day performance since Nov. 14.
The Dow Jones Industrial Average was tumbling on Wednesday morning, down nearly 600 points, or 1.4% as investors digested a hotter-than-expected August core inflation reading that may derail the chance of a jumbo interest-rate cut by the Federal Reserve next week.
Fed-funds futures traders saw an 85% chance that the Fed will lower its rate by a quarter percentage point to a target range of 5% to 5.25% in September. The chance of a half percentage point move fell to 15% from 34% a day ago, according to the CME FedWatch Tool.
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.