By: BBC – Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil...
AUSTIN, Texas (AP) — Like thousands of other Austin residents, Darin Murphy began a sixth day Monday with no power in his...
By: Reuters – United Nations Secretary-General Antonio Guterres on Monday told fossil fuel producers they “should not be in business” unless they...
(Bloomberg) — Oil will rise back above $100 a barrel this year and may face a serious supply problem in 2024 as...
By: S&P Global – China’s refineries will cut clean oil product exports in February as domestic demand in January was better than...
Hart Energy – Staff Story. Elk Range Royalties LP closed its acquisition of Permian Basin mineral and royalty interests from Tower Rock...
By: Reuters – Oil prices were steady on Thursday as looming sanctions on Russian oil products added uncertainty over supply but the...
FROM ZACKS Investment Research. An Unprecedented Commodity Event. A little more than two years ago the commodity market shocked the world. In...
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By: S&P Global – Amid declining forecasts for US oil and natural gas consumption, a different story is being told in the...
U.S. stocks ended higher on Monday, building on last week's gains.
According to Dow Jones Market Data, the Dow Jones Industrial Average climbed 236.77 points, or 0.6%, to end at 40,896.53 for its fifth straight daily gain.
The S&P 500 gained 54.00 points, or 1%, to 5,608.25 for its eighth straight daily gain — logging its longest winning streak since November 8, 2023, when the market rose for eight straight trading days. The index also notched its largest eight-day percentage gain since March 24, 2022.
The Nasdaq Composite rose 245.05 points, or 1.4%, to finish at 17,876.77 for its eighth straight daily gain — recording its longest winning streak since December 19, 2023, when the market rose for nine straight trading days. The index also exited correction territory on Monday after only 11 trading days, the shortest correction for the index since the one ending October 11, 2011, which lasted six trading days.
Based on data since 1971, the Nasdaq Composite saw an average gain of 0.3% in the week after exiting correction territory and an average rise of 23.6% one year after such a move.
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
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...
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Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments, has announced the acquisition...
A small group of California Republicans has introduced several bills ahead of a special...
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