Aug 23 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second ... That increase in oil prices should encourage drillers to boost U.S.
Oil prices increased on Tuesday, driven by concerns over US supply disruptions following Hurricane Francine and growing expectations that the US Federal Reserve may cut interest rates ...
Big Oil Companies Defeat US Consumer Lawsuit Over Production ... Russia and Saudi Arabia to cut oil production, boosting prices at the pump. In a 3-0 decision, the 9th U.S. Circuit Court of ...
Investing.com - Fear across global markets is expected to hit fever pitch in the coming week, with stock markets likely tanking and favorite commodity plays oil ... Investing.com - US natural ...
But could such a move by the US Federal Reserve force Australia's central bank to fast-track a rate cut? Experts aren't so sure. Due to remarks made by US Federal Reserve chair Jerome Powell ...
What does a cut mean for mortgages, car loans, and other debt? The Fed's key lending rate - what it charges banks to borrow - sets a base for what companies charge people in the US for loans ...
A cut will bring some welcome relief to borrowers, though it will likely mean that some banks knock down the rates they are offering savers too. Mortgage rates in the US have already dropped a bit ...
In Pennsylvania, meanwhile, drillers cut two rigs, bringing the total down to 16, the lowest since June 2021. The oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 ...