Bernd Debusmann Jr – BBC News. A public meeting that was meant to ease fears about a toxic chemical train spill in...
By: Diana Furchtgott-Roth – Forbes – Pipelines are the safest way to transport oil and natural gas because the pipeline stays still...
(Bloomberg) — Texas is investigating why pipeline operator Targa Resources Corp. failed to report an unexpected release of tons of natural gas...
By: Reuters – OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months, citing...
By: Reuters – There is no need for the OPEC+ group of oil-producing nations to meet earlier than scheduled, the United Arab...
Story from The Conversation. More than 2 million miles of natural gas pipelines run throughout the United States. In Appalachia, they spread like...
By: Reuters – Germany and Oman are in advanced talks to sign a long-term deal for liquefied natural gas (LNG) lasting at...
Story by OilPrice.com. Crude oil prices spiked on Friday morning as Russia announced plans to cut its oil production by 500,000 bpd...
Story By Guy Faulconbridge and Vladimir Soldatkin (REUTERS). The Kremlin said on Feb. 9 the world should know the truth about who...
By: The Texas Tribune – The Teacher Retirement System of Texas has divested part of its massive pension fund from 10 financial...
U.S. stocks finished higher on Wednesday, with the S&P 500 and Nasdaq Composite scoring their fifth consecutive trading day of gains after a mild July consumer-price index reinforced expectations for a September rate cut by the Federal Reserve.
Based on preliminary data, the Dow Jones Industrial Average closed up by 242.75 points, 0.6%, at 40,008.39. It was the index's second straight session of gains.
The S&P 500 closed up by 20.78 points, or 0.4%, at 5,455.21.
The Nasdaq Composite eked out a slight gain in the final minutes of trading to finish higher by 4.99 points at 17,192.60.
"July’s inflation data was remarkably as expected," said BMO Capital Markets rates strategists Ian Lyngen and Vail Hartman. "Had the Fed not already set the stage for a cut in September, this CPI print would have solidified one."
Inflation has cooled considerably over the past year, but there are still a few hot spots. The biggest is the cost of shelter - rent and housing. It accounted for about 90% of the increase in the consumer price index in July.
Still, the report is unlikely to prevent the Federal Reserve from reducing interest rates in September as widely expected.
The big question for investors is whether it will be a 1/4-point cut or a larger 1/2-point reduction. The July CPI probably doesn't settle the question.
For now, betting markets suggest a smaller cut is more likely.
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story By Andreas Exarheas|Rigzone.com| The natural gas market is impacted by a combination of...
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...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Some projections rank this discovery as the world’s fourth-largest in terms of oil and...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
Have your oil & gas questions answered by industry experts.