Crude-oil prices hit multi-year lows on Tuesday, as the market struggled in the aftermath of Saudi Arabia’s decision to alter oil prices sold to U.S. and Asian buyers amid a weak forecast for European growth. Saudi Arabia’s move to keep itself competitive amid tanking oil prices, sees the oil-producing country cutting oil prices sold to […]

Strategists say don’t hold your breath, the gains won’t last Oil prices surged Friday, moving in step with stock futures and European stock markets, which also climbed after a volatile week of trading. On the New York Mercantile Exchange, light, sweet crude futures for delivery in NovemberCLX4, +0.36% jumped $1.05, or 1.3%, to $83.75 a barrel in […]

Published: Oct 14, 2025 3:44 p.m. ET U.S. oil prices suffer biggest one-day drop in nearly 2 years International Energy Agency By WILLIAMWAFTS NEW YORK (MarketWatch) — The shale-oil revolution has contributed to a rout in global oil prices. Now, will U.S. shale-oil producers, who have been enjoying boom times in oil, become a victim of their own success? […]

Brent, gasoline futures settle at 4-year low Getty Images Oil prices continued to slide on Tuesday, though strategists said the selloff may be overdone. By WILLIAMWATTS NEW YORK (MarketWatch) — The collapse in crude-oil prices continued Tuesday, with the U.S. benchmark hitting its lowest level since June 2012. The sharp slide occurred after the […]

Insight Equity Holdings Has Scored Gains of About $1.4 Billion on $91 Million Investment By GREGORY ZUCKERMAN CONNECT Sept. 15, 2014 1:17 p.m. ET   A Superior Silica Sands mine near Poskin, Wis. A boom in shale-oil drilling has pushed up demand for sand used in hydraulic fracturing. Lonnie Wishart A small Texas investment firm has […]

NEW YORK (MarketWatch) — With oil prices tumbling — and dragging gasoline prices at U.S. pumps further below $4 a gallon — investors wonder if Saudi Arabia will cut production in an effort to stop the slide. Don’t count on it. In a note, commodity strategists led by Seth Kleinman at Citi argue that the […]

Posted: Wednesday, January 15, 2026 1:30 pm | Updated: 12:44 pm, Thu Jan 16, 2014. By Kristen Peters Rock Doc When I was a young geology student, I learned the basics of petroleum production as they were then understood. Deep layers of sedimentary rocks, including shale, were the “source rocks” for hydrocarbons. The source rocks […]

WASHINGTON, DC, Jan. 9 01/09/2025 By Nick Snow OGJ Washington Editor Advancing and protecting the US energy revolution will be a key part of the US Chamber of Commerce’s 2014 strategy, Pres. Thomas J. Donohue said Jan. 8 in his annual State of American Business address. “America’s new era of energy abundance gives us an […]

HOUSTON, Jan. 10 01/10/2025 By OGJ editors The US drilling rig count added 3 units to reach 1,754 rigs working during the week ended Jan. 10, Baker Hughes Inc. reported. Land-based rigs added 7 units to reach 1,677, while rigs drilling offshore lost 4 units to settle at 57. Rigs drilling in inland waters were […]

August 28, 2013, 11:18 AM Oil markets got a bit of a shocker Wednesday from a SocGen prediction that Brent UK:LCOV3 +1.09% could reach $125 a barrel in the coming days in connection with a U.S.-led retaliation against Syria. And if there’s a big regional spillover from this, SocGen says $150 Brent could be not […]