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SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF News

$152.44
+1.98 (+1.32%)
At Close: May 17, 2024
Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that

Oil prices tick up on tighter supply outlook

08:54pm, Monday, 13'th May 2024
Oil prices rose on Tuesday as the supply-demand balance looked set to tighten on operational disruptions, stronger demand and voluntary output cuts.
China wants to raise 1 trillion yuan ($138 billion) to boost its economy, which is bullish for oil markets.
U.S. oil output from top shale-producing regions will rise in June to its highest in six months, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Mo
Daan Struyven, Goldman Sachs head of oil research, joins 'Squawk Box' to discuss the state of the oil and commodities market, impact of high rates on oil prices, oil demand and supply trends, and more

Oil prices edge higher to kick off the week

06:56am, Monday, 13'th May 2024
Oil futures edged higher early Monday as traders weighed signs of soft fuel demand against expectations the Organization of the Petroleum Exporting Countries and its allies will extend production cuts
Given the current economic indicators and market sentiment, the outlook for crude oil prices remains bearish in the short term.
Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carb
Aldo Spanjer, BNP Paribas, Senior Commodities Desk Strategist discusses where oil prices may be headed. He speaks with Joumanna Bercetche on Horizons Middle East & Africa.
Amid fluctuating energy markets, Natural Gas eyes a pivotal $2.20 level for a potential rebound as oil prices also show signs of strain.
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel d
Iraq is committed to voluntary oil production cuts agreed by the Organization of the Petroleum Exporting Countries (OPEC) and is keen to cooperate with member countries on efforts to achieve more stab
Niger's Prime Minister Ali Mahaman Lamine Zeine said on Saturday that Benin's blockade of Niger's oil exports, imposed in response to a border closure, violated trade agreements between the two countr

What's So Bad About Fixing Oil Prices?

07:00am, Sunday, 12'th May 2024
A U.S. oil CEO's alleged collusion with OPEC isn't as alarming or evil as it seems.
Chinese companies ZhenHua and CNOOC Iraq have won bids to explore Iraqi oil and gas fields, Iraq's oil minister said as the Middle East country's hydrocarbon exploration licensing round continued into
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