Oil and gas stocks suffer broad selloff as crude prices drop in wake of SVB collapse

The energy sector was suffering a broad selloff Monday, as worries that the recent bank failures will trigger an economic slowdown which saps demand for crude oil. The Energy Select Sector SPDR exchan...

Aramco Saw Record Profit in 2022- Largest Annual Profit by Oil and Gas Company

Compared to the $110 billion recorded in 2021, the Saudi Arabian oil giant’s net income took a significant leap by growing over 46% YoY in 2022. The Saudi Arabian Oil Group, also known as Aramco, anno...

The U.S. Must Go All In On Financing Natural Gas

Cheniere Energy President and CEO Jack Fusco, right, is applauded as he rings the opening bell of … [+] the New York Stock Exchange, Wednesday, Feb. 5, 2020. (AP Photo/Richard Drew) Copyright 20...

The World Desperately Needs More Oil And Gas Investment

Despite high oil prices sending energy company profits soaring over the last year, little of those profits have been reinvested in the oil and gas business. As oil and gas companies acknowledge the in...

Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over

Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: NFTs: Transactions interacting with non-fu...

EG America Owner Sells U.S. Gas Stations And Considers Asda Merger

Cumberland Farms is the biggest gas station brand to be part of the EG Ameria sale and leaseback … [+] deal. (Photo by Jill Brady/Portland Portland Press Herald via Getty Images) Portland Press ...

Granholm Tells CERAWeek Oil And Gas Is Needed ‘For Years To Come’

Jennifer Granholm, U.S. energy secretary, speaks during the 2022 CERAWeek by S&P Global conference … [+] in Houston, Texas, U.S., on Wednesday, March 9, 2022. CERAWeek returned in-person to ...

This stock strategy is attracting lots of money. Here are its top 10 picks.

Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might...

U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear

HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...

Biden Leaves Oil And Gas Companies In The Lurch With Expiration Of 5-Year Lease Program

An offshore oil rig in twilight. getty A program intended to enable oil and gas development on the U.S. outer continental shelf (OCS) has expired, leaving domestic energy producers at a loss as to whe...

Exxon Mobil sued over 5 nooses displayed at Louisiana facility

Exxon Mobil Corp. violated federal law for failing to take sufficient action as five hangman’s nooses were displayed at its facility in Baton Rouge, Louisiana, the U.S. government said in a lawsuit. A...

On-Chain Data Shows Rising Ethereum Gas Fees ⋆ ZyCrypto

Advertisement &nbsp &nbsp Increasing competition among the top marketplaces and new projects entering the market is driving positive sentiment. Upstart marketplace Blur recent...

Ethereum Gas Fees Are Slowly Climbing as NFT Market Rebounds

Ethereum’s fee market is slowly returning to form amid a recent resurgence in NFT trading activity across the network.  According to on-chain analytics firm Glassnode, the median price for gas powerin...

Exxon and 6 Other Energy Picks With Earnings Upside

Energy stocks have trailed the S&P 500 this year, as earnings for most companies are expected to fall from 2022 levels. The sector is healthy but investors are less interested now that oil and nat...

Energy Stocks ConocoPhillips and Devon See Big Insider Buys

Two energy explorers whose stocks outperformed the broader market in 2022—a monster year for the sector—are slumping this year, but insiders at both companies recently bought up shares. ConocoPhillips...

Shocking, ‘impossible’ gas bills push restaurants to the brink of closures

A gas bill at Chinatown favorite Hop Woo was recently $13,656.25. With surging gas prices, can California restaurants stay afloat? (Myung J. Chun/Los Angeles Times) The key to Vietnamese restaurant Ph...

Natural Gas ETFs Draw ‘Buy the Dip’ Investors

Natural gas exchange-traded funds rose as “buy the dip” investors seek to take advantage of a recent tumble in the commodity’s price. Interest in natural gas has spiked despite the commodity’s 70% dec...

Ethereum Gas Fees Hit Yearly High, Here is Why

Total fees on the Ethereum network have surged to a massive $46.1 million. The Ethereum blockchain has hit another yearly high in total gas fees as the network witnesses a massive surge in demand and ...

Nearing retirement? Here’s how to shift your portfolio from growth to income.

Over the decades, perhaps you’ve been very good at saving your money and investing it for long-term growth. But when the time comes for you to stop working or to step back to a part-time job, you migh...

Freeport LNG Restart And $2 Natural Gas Put This LNG Giant’s Earnings Beat In Focus

Cheniere Energy (LNG), the largest U.S. exporter of LNG, topped fourth-quarter financial estimates early Thursday. The report lands as a volatile natural gas market has gas prices at their lowest leve...

A Year On From The Invasion

Authored by Simon Flowers, Chief Analyst and Chairman at Wood Mackenzie. Russia’s war has had a huge impact outside Ukraine, particularly for the global energy markets. Soaring prices and supply chain...

Ethereum gas usage spikes for stablecoins; primarily inflows in USDT

Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible tokens with value pe...

Intel’s dividend cut shows the need for quality. Here are 20 dividend stocks screened by UBS.

Stocks that pay high dividends can provide comfort during times of market turmoil. It is much easier to be patient if money is rolling in, and a strategy of reinvesting dividends may outperform when t...

US Natural Gas Falls Below $2 for the First Time Since 2020

(Bloomberg) — US natural gas futures fell below $2 for the first time since 2020, extending a massive selloff as traders give up on hopes of extreme cold boosting demand. Most Read from Bloomber...

Blur overtakes UniSwap as a “top gas guzzler” on Ethereum

Blur, an NFT marketplace, is the top “Gas guzzler” on Ethereum, overtaking UniSwap and Seaport, a web3 protocol that ensures trades are secure and efficiently executed. The top gas burner on Ethereum ...

Blur’s Token Airdrop Fuels Sky-High Gas Prices and Mass Ethereum Burn

This week’s token airdrop by newcomer NFT marketplace Blur has resulted in over $4 million worth of Ethereum being burned (or destroyed) in the last seven days. The token was airdropped on Valentine’s...

Polygon (MATIC) Shares Alternative Approach to Manage Gas Prices: Details

Despite being an acclaimed Layer-2 protocol, Polygon (MATIC) is still experiencing enormous network congestion owing to growing adoption. This higher congestion is in turn bringing back the worries of...

Putin losing energy war as European gas supplies near record levels

Vladimir Putin has seen Russian revenues from gas tumble from highs set in August – Sputnik/Mikhail Metzel via Reuters Europe is on course to end the winter with near record volumes of gas in st...

After Return To Growth, Ribbon Communications (RBBN) Looks To Step On The Gas

Ribbon CommunicationsRBBN (RBBN) reported fantastic Q4 results last night, with revenue and adjusted earnings for the period of $233.6 million and 9 cents per share coming in well above the $229.2 mil...

NFT Backers Paid up to $200 in Gas Fees in Delayed Blur Airdrop

Ethereum NFT pro traders can now claim their delayed airdrop of BLUR tokens. Some traders paid as much as $200 in gwei gas fees for a long-awaited airdrop of BLUR on Tuesday, according to Blockworks R...

Electricity bills are surging, is it still cheaper to charge an EV than get gas? It depends.

Electricity bills are surging. Is an electric vehicle still cheaper to charge than filling the tank of a gas-powered vehicle? The cost of charging an EV is almost always hundreds of dollars less a yea...

Ethereum total gas usage just hit a 4-month low amid a price slump

The ethereum network is witnessing a drastic reduction in the amount of gas used, as total gas usage recently plummeted to 4,507,912,628 – a low last witnessed in October 2022. This gradual reduction ...