By: Reuters – Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal...
[Reuters] Deutsche Bank on March 2 tightened its coal financing policies but has yet to change its criteria for the oil and...
By: Evening Standard – US President Joe Biden is facing a dilemma in the fight over a large-scale oil project in Alaska. The Biden administration is...
By: Forbes – Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure-play Ranger Oil Corp....
Story by Filip De Mott. Business Insider. As much as 1.9 million barrels of Russian diesel have been put into floating storage...
By: HART Energy – Private equity firm Quantum Energy Partners is backing a new iteration of Bison Oil & Gas to pursue...
By: Reuters – Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil...
By: Reuters – Next month the European parliament is expected to vote on landmark legislation that would put a new onus on...
Story by Velda Addison. Hart Energy. American Electric Power Co. (AEP) has agreed to sell its unregulated renewables portfolio of wind and...
By: Reuters – U.S. oil and gas producer EOG Resources (EOG.N) on Friday said it had no plans to alter its strategy around...
All three major stock indexes closed higher for the second time in six sessions on Thursday, fueled by weekly jobless claims that gave investors hope the U.S. labor market can continue to hold up.
Thursday's data was "soothing concerns over a U.S. economic recession,'' according to senior markets economist James Reilly at Capital Economics.
The Dow Jones Industrial Average finished up by 683.04 points, or 1.8%, at 39,446.49, based on preliminary data.
The S&P 500 closed up by 119.81 points, or 2.3%, at 5,319.31. On a percentage basis, it was the index's best day since Nov. 30, 2022.
The Nasdaq Composite closed up by 464.22 points, or 2.9%, at 16,660.02
The numbers: The number of Americans who applied for unemployment benefits last week sank to 233,000 and receded from nearly one year, suggesting layoffs remain quite low and that the labor market is still in good shape.
New claims fell by 17,000 in the seven days that ended Aug. 3 from 250,000 in the prior week, the government said Thursday. The latest reading marks a one-month low.
Economists polled by the Wall Street Journal had forecast new claims to total 240,000, based on seasonally adjusted figures.
A surge in new claims at the end of July appeared to stem mostly from people in Texas being unable to work after Hurricane Beryl.
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Diamondback Energy, Kinetik Holdings, and EPIC Midstream have announced a series of transactions designed...
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In a recent interview with Bloomberg, Wil Vanloh, CEO of Quantum Energy Partners, shared...
By Lucia Kassai and Devika Krishna Kumar |Bloomberg)– Oil storage tanks at a key US...
A Spanish infrastructure company, Redexis, has reached a significant milestone for Spain’s energy industry....
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...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
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