gas

Oil and gas giant BP Plc (NYSE:BP) is reducing its workforce by 4,700 positions, which accounts for 5% of its employees, and eliminating more than 3,000 contractor jobs. The oil giant aims to streamline its operations and reduce costs as part of an ongoing initiative to cut $2 billion by the end of...

President-elect Donald Trump spotlighted artificial intelligence and drilling expansion as pillars of his economic vision Tuesday, pledging to foster AI-driven innovation while slashing energy costs through expanded deregulation. During a press conference at Mar-a-Lago, Trump outlined plans to...

Russian gas exports reportedly stopped running through Soviet-era Ukrainian pipelines on Wednesday after Ukraine refused to renew a transit agreement. The Details: Russia's gas firm Gazprom said the gas stopped at 0500 GMT after Ukraine refused to renew the transit agreement in a widely anticipated...

In a significant development, the gas transit from Russia to Europe via Ukraine has been terminated after operating for five decades. This move comes as Ukraine declines to support any transit that contributes to Moscow’s war efforts. What Happened: Both Russia and Ukraine announced the...

Drivers can expect lower prices at the pump in 2025: gas prices are expected to fall for a third consecutive year in 2025, acording to GasBuddy's fuel price outlook. What To Know: GasBuddy's 2025 outlook projects that the national average price for gasoline in 2025 will fall to $3.22 per gallon,...

U.S. natural gas prices are on fire this month, surging by about 50% to reach $3.40 per million British thermal units as of Nov. 21, the highest level in over a year. November is poised to mark the strongest surge in natural gas at the Henry Hub pricing point since July 2022, fueled by heightened...

Occidental Petroleum Corp. (NYSE:OXY) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.  The Details: Occidental Petroleum reported quarterly adjusted earnings of $1.00 per share, beating the analyst consensus estimate of 74...

Devon Energy Corp (NYSE:DVN) reported financial results for the third quarter after the bell on Tuesday. Here’s a look at the key metrics from the quarter. Q3 Earnings: Devon Energy reported third-quarter earnings of $1.30 per share, beating analyst estimates of $1.14 per share, according to...

This year’s hurricane season is a deadly one for the eastern and Gulf Coast of the U.S. Several companies and ETFs could be affected by another tropical storm nearing the Gulf Coast. The Storm: Tropical Storm Rafael, the 17th named storm of the 2024 season, formed in the Caribbean, according...

According to SEC filings, Southwest Gas Holdings, Inc. (NYSE:SWX) and activist investor Carl Icahn have entered into an amended and restated cooperation agreement.  The Details: The updated cooperation agreement provides for participation by the Icahn designees, Andrew W. Evans, Henry P....

Diamondback Energy Inc (NASDAQ:FANG) shares were climbing in early trading on Friday, during a rise in energy stocks with growing Middle East tensions. Following the Endeavor acquisition, Diamondback and ExxonMobil Corp (NYSE:XOM) are now the dominant players in the Midland Basin, according to BMO...

Diamondback Energy Inc (NASDAQ:FANG) shares climbed nearly 3% on Tuesday. Here’s a look at what’s going on. What To Know: Diamondback Energy shares traded higher Tuesday as energy stocks jumped amid rising Middle East tensions. Iran launched an attack on Israel following the recent...

Helix Energy (NYSE: HLX) shares ended the last trading session 5.5% higher at $10.80. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.7% loss over the past four weeks. The surge can be attributed to...

Resistance levels are a large concentration of traders and investors who are looking to sell their shares at, or close to, the same price. The “level” is typically more of a range than a particular price. Sometimes these levels and ranges are clear and well-defined. As you can see on...

U.S. natural gas prices, tracked by the United States Natural Gas Fund LP (NYSE:UNG), are on pace to extend their winning streak to four sessions on Friday as the combination of lower-than-expected inventory builds and increased demand due to persistent heat reversed the bearish trend that...