Read the latest news articles relating to the oil and gas industry.
Economic Report: Consumer spending rises again, but it’s not all great. Higher gas prices play role.
The numbers: Consumer spending rose a solid 0.4% in August, but the increase was exaggerated by higher gas prices that are pinching the budgets of U.S. households. Analysts polled by the Wal... Read more
The numbers: The cost of goods and services rose a sharp 0.4% in August — the biggest increase in seven months — mostly because of higher gas prices. But inflation more broadly continued to... Read more
The rig operator was stumped. He’d been making good progress, but now something blocked the way forward. The operator, Denny Mong, stared at an unassuming metal tube in the ground — the foss... Read more
Oil futures rose early Friday, after a pullback the previous session, with the U.S. and benchmark on track for a September gain of more than 10% as a tightening supply picture drives crude t... Read more
Leftist Brazilian President Luiz Inácio Lula da Silva has made rapid progress in a relatively short space of time to reverse a trend of accelerating devastation in the world’s largest... Read more
CNBC’s Jim Cramer suggested the stock market could be headed toward a rally. Crude oil prices fell after reaching their highest level in over a year, with Texas Intermediate crude oil,... Read more
Bond yields inched up to fresh 16-year highs after rising oil prices increased inflation angst. What’s happening What’s driving markets Oil prices that have moved swiftly to 13-month highs a... Read more
Oil futures topped $95 per barrel for the first time in a year, as traders react to dwindling inventories. The lead West Texas Intermediate contract CL00, -0.03% rose 14 cents to $93.82, hav... Read more
U.S. stock futures were struggling to make headway early Thursday after oil hit a 13-month high, underpinning bond yields. How are stock-index futures trading S&P 500 futures ES00, -0.02... Read more
Oil prices surged to their highest level in over a year, after crude stocks at a key storage hub fell to their lowest since July last year. The U.S. West Texas Intermediate futures touched $... Read more