gas

The COP28 Presidency released a proposed climate deal text on Wednesday, emphasizing a significant shift from fossil fuels to combat climate change. What Happened: Reuters reports that this development marks a first in the COP summit’s three-decade history, proposing “transitioning...

CNBC market analyst Jim Cramer outlined the critical financial events and earnings disclosures anticipated in the upcoming week, spotlighting oil and gas companies such as Coterra Energy Inc. (NYSE: CTRA) and Diamondback Energy, Inc. (NASDAQ: FANG),...

Sunoco LP (NYSE: SUN) reported third-quarter FY23 revenues of $6.32 billion, which exceeded the consensus of $5.54 billion. The partnership sold 2.1 billion gallons of fuel (+7% Y/Y), with the fuel margin for all gallons sold coming in at 13.0 cents per gallon (vs 13.9 cents per...

CNX Resources Corp (NYSE: CNX) reported third-quarter FY23 adjusted net sales decline of 25% year-over-year to $357 million, missing the consensus of $388.93 million. Adjusted EPS was $0.35, above the consensus of $0.32. Q3 operating margin was 27%, down from 34% in 3Q22. Cash...

Could the price of oil potentially reach $100 per barrel? This question is currently at the forefront of investors’ minds in the current market landscape with WTI oil trading around $92 per barrel and Brent oil sailing above $95. This psychological milestone could be a cause for concern for a...

The U.S. and Iran completed a prisoner swap that could anticipate improving relations between the two nations. The deal, which freed 10 people — five Iranians and five Americans — also unlocked $6 billion in oil funds that the U.S. was holding from the Middle-Eastern nation. Positive U.S.-Iran...

Gas prices have been creeping up again as travel demand remains high, and the Saudi government announced new oil production cuts. But, according to an English mechanic from the Walsall Wood Tyre Service, there are a few simple things you can do to save some gas money.  Drive With The Windows...

With Quiver Quantitative’s recent institutional holdings data, we can see that several hedge funds and asset managers have been increasing their holdings in Texas Pacific Land Corporation (NYSE: TPL). Firms such as State Street Corporation, Bank of America, and Citadel have all...

Volkswagen AG (OTC: VWAGY) (OTC: VLKAF) reportedly said it is prepared for Europe's scheduled 2035 ban on new sale of fossil-fuel cars as the German automotive manufacturer ramps up its electric vehicle lineup. Volkswagen will be able to reduce its battery expenses via a 50% drop in cost...

Australia’s Victoria state bans natural gas connections to new properties, igniting global energy transition discussions, Bloomberg reports in an opinion piece by David Fickling. The ban, proposed by Victoria’s left-wing state Premier Daniel Andrews, is seen as a step towards net-zero...

Plug Power Inc. (NASDAQ: PLUG) has received a significant order for proton exchange membrane (PEM) electrolyzers, marking a major development in the European oil and gas sector. As a leading provider of hydrogen solutions for the green hydrogen economy, Plug Power will deploy 100 megawatts (MW) of...

Goldman Sachs Group cut its oil price forecast for the third time in six months, a tangible concern for oil investors. Brent crude fell 2.5% Monday to hover around $72 a barrel, while WTI crude slipped more than 3% to $68 per barrel. Despite Goldman's forecast, bullish signs are on the horizon....

BP plc (NYSE: BP) subsidiary, BP Products North America Inc., has been charged a “record-setting” penalty of $40 million by the U.S. Justice Department for hazardous air emissions at its Indiana-based Whiting oil refinery. The regulatory body indicted BP Products North...

Enterprise Products Partners LP (NYSE: EPD) reported first-quarter 2023 revenues of $12.4 billion, missing the consensus of $14.1 billion. EPS of $0.63 beat the consensus estimate of $0.62. Gross operating margin remained broadly flat year-over-year at $2.3 billion in the first...

The Chinese are back in the air. As the world's second-largest economy recovers from the sudden opening of its zero-COVID policies late last year, air travel in the country is ramping up quickly. Domestic and international flights in China have been shooting up since January, and they're getting...