If you have recently inherited mineral rights, you may be wondering what to do next. Inheriting mineral rights can be a complex...
Chambroad Petrochemicals, one of the approximately 60 independent refineries in the Shandong province, is set to commence operations at a new refining...
On Monday, Energy Transfer LP (ET.N) announced its intention to acquire pipeline operator Lotus Midstream in a significant $1.45 billion cash-and-stock deal....
By: Reuters – A U.S. government auction of oil and gas drilling rights in the Gulf of Mexico generated $263.8 million in...
By: KFOR – The Oklahoma Corporation Commission (OCC) held a meeting Tuesday morning in which one Commissioner claims there are “significant and...
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By: The Nevada Independent – Breaking with his Democratic predecessor and drawing criticism from environmental groups, Republican Gov. Joe Lombardo released an...
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WASHINGTON, (Reuters) – It could take years for the United States to refill the Strategic Petroleum Reserve, the energy secretary told lawmakers...
Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes of a hefty U.S. interest rate cut next month, following data showing strong consumer spending.
Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month.
U.S. West Texas Intermediate crude futures settled down $2.36, or 3.11%, to $73.55, a drop of 1.7% in the week and a 3.6% decline in August.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, is set to proceed with a planned oil output hike from October, as the Libyan outages and pledged cuts by some members to compensate for overproduction counter the impact of sluggish demand, six sources from the producer group told Reuters.
U.S. stocks ended higher Friday, with the Dow Jones Industrial Average notching a fresh record peak ahead of Labor Day weekend.
The Dow rose 228.03 points, or 0.6%, to close at 41,563.08.
The S&P 500 climbed 56.44 points, or 1%, to finish at 5,648.40.
The Nasdaq Composite advanced 197.19 points, or 1.1%, to end at 17,713.62.
All three major U.S. stock indexes accelerated their climb, approaching the closing bell to finish August with monthly gains.
The Dow rose 1.8% for the month, while the S&P 500 jumped 2.3% and the technology-heavy Nasdaq Composite increased 0.6%, according to Dow Jones Market Data. The Dow and S&P 500 each logged a fourth straight month of gains, as investors on Friday weighed a fresh reading on U.S. inflation that was largely in line with Wall Street's expectations.
The U.S. stock market will be closed Monday in celebration of Labor Day.
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Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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