energy News
WTI Crude Oil Tumbles Below $55, Hitting Multi-Year Low
Energy stocks fall as the U.S. oil benchmark breaches a key technical level for the first time since 2021, amplifying fears of weakening global demand and pressuring sector-wide profitability.
Energy Sector Under Pressure as Oil Prices Hit Multi-Year Lows
Concerns of a global supply glut and hopes for a resolution in Ukraine send WTI crude spiraling to its lowest point since 2021, clouding the outlook for producers.
Energy Sector Under Pressure as Oil’s Mideast Benchmark Signals Glut
A weakening price structure for Middle Eastern crude and soft demand from China are raising concerns over near-term profitability for oil producers.
Oil Prices Slip as Supply Glut Eclipses Venezuela Cyberattack Fears
Crude futures decline as traders focus on ample global supply and softening demand, downplaying a reported cyber incident at Venezuela's state oil company.
Natural Gas Soars as Record Stockpile Draw Signals Tight Winter Supply
A massive 183 BCF withdrawal from U.S. storage, driven by a cold blast and high export demand, briefly sent January futures past the key $5/MMBtu mark.
ProPetro Surges on Coterra Energy Services Contract
Deal for Permian Basin microgrids boosts ProPetro's contracted power to over 220 megawatts, signaling strong demand for its next-generation energy services.
IEA Trims 2026 Oil Glut Forecast, Signaling Tighter Market
The energy watchdog points to more resilient global demand and constrained supply, providing potential long-term support for energy prices.
Valaris Shares Climb After Securing $300 Million Shell Contract
The multi-year deal for a deepwater drillship in Brazil adds to the company's growing revenue backlog, positioning it for an expected market upswing in 2027.