A 25-basis point interest rate hike by the Federal Reserve in May is now more likely to materialize as a result of the surprise OPEC+ oil production cut
Gulf of Mexico oil lease sale number 259 held on Wednesday attracted $264 million in bids for drilling rights in an area estimated to hold nearly 30 billion barrels of oil, with Chevron coming in with the highest bids
A Republican sponsored energy bill passed the House on Thursday that seeks to promote oil and gas production in the United States, as well as repeal parts of Biden s Inflation Reduction Act