Hess Corp. (NYSE:HES) has posted an impressive second-quarter earnings report with its stake in prolific Guyana helping it exceed estimates. Hess reported Q2 2024 non-GAAP EPS of $2.62, beating the Wall Street consensus by $0.07 while revenue of […]
NEW YORK, July 31 (Reuters) – Oil prices rose nearly 3% on Wednesday, rebounding from seven-week lows after the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and a […]
Crude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with a draw of 3.7 million barrels for the […]
Texas crude oil pipelines are nearing capacity, with major pipelines between the Permian Basin and the Port of Corpus Christi currently more than 90% full. Potential export constraints could arise as US crude production continues […]
Iranian Petroleum Minister Owji: Russia and Iran will start working soon on energy corridor. The corridor is now an adjunct project of the US$40 billion four-pronged deal agreed in principle between Russian gas giant Gazprom […]
Powell has some explaining to do. Only slight concessions about strength of the labor market and improvements in inflation. By Wolf Richter for WOLF STREET. FOMC members voted unanimously today to maintain the Fed’s five policy rates, with […]
One business may finally be getting too big for Texas: data centers, those whirring warehouses packed with the electricity-sucking computer servers that power the modern internet and the development of artificial intelligence. Up until now, the […]
In the Energy News Beat – Conversation in Energy with Stuart Turley interviews Tom Nelson about his movie “Climate the Movie,” which explores the corruption and fraud within climate alarmism. Nelson describes his journey from blogging […]
The “real” policy rate is massively negative, with the new policy rate of 0.25% far below Core CPI of 2.6%. By Wolf Richter for WOLF STREET. At its meeting today, the Bank of Japan raised its policy rate, […]
BP reported a stronger-than-expected net profit for the second quarter, beating analyst expectations. The energy firm announced a 10% increase to its dividend and hiked its share buyback program to the fourth quarter. BP’s low […]
Copyright © 2024 | Sandstone Group