Energy was the worst sector today with every component closing lower in the red. Performers include APA, Marathon Petroleum, Philips 66. Why are we seeing such a drastic move lower and will it continue.Joining us now, Bill Perkins. He is the founder, managing partner, and head trader for Skyler Capital, an energy focused fund. And Bill, it's great to have you back on the show.Welcome. >> Thanks. Great to be back.A lot to get into here, but first I do want to start with the move we've seen in crude oil uh an ...

Prime Minister Mark Carney’s government published final rules on methane reduction that give the oil and gas sector more flexibility in how to comply https://t.co/DHZ57IijgV ...

January WTI crude oil (CLF26) on Tuesday closed down -1.55 (-2.73%), and January RBOB gasoline (RBF26) closed down -0.0514 (-2.97%). Crude oil and gasoline prices sold off on Tuesday, falling to 4.75-year nearest-futures lows.  Concerns about global energy demand and expectations for a worldwide oil glut are weighing on crude prices.  Also, Tuesday's decline in the S&P 500 to a 3-week low dampens optimism about the economic outlook, which is negative for energy demand.  In addition, the potential for a Ru ...

In the world of oil trading, volatility is a way of life. It's also an ideal opportunity for traders to make a profit. Oil prices came under pressure today, hitting a new low not seen since 2021. The fluctuation of oil prices is a reminder that traders don't have to resort to oil futures to get in on the action. There are leveraged/inverse exchange-traded funds (ETFs), in particular from Direxion Investments, that traders can also use for plays on oil or the overall energy sector. Don't Forget About Energy ...

The UK’s consolidation wave is primarily rooted in a fiscal regime that has steadily hardened since the introduction of the Energy Profits Levy (EPL) in May 2022. Triggered by the surge in oil and gas prices following the pandemic and start of the war in Ukraine, the levy was initially presented as a temporary windfall tax aimed at capturing extraordinary profits while British households faced soaring energy bills. However, what followed was a series of extensions by both the conservative and labour governm ...

Key Takeaways Chevron secured 22 Gulf of Mexico tracts with $33M in bids, underscoring confidence in future growth.Strong bidding pushed per-acre prices to their highest since 2017, favoring experienced operators.The Gulf remains a core region for Chevron, offering long-life resources and low carbon intensity.Chevron Corporation (CVX) reinforced its long-standing commitment to the Gulf of Mexico with a strong performance in the latest U.S. offshore oil and gas lease sale, totaling $279 million in winning bi ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A trio of advisors and agents sold millions in unregistered oil and gas securities to clients (with one advisor soliciting victims through his radio show), while failing to disclose conflicts of interest, the SEC charged in a suite of complaints. The commission filed the charges against Florida-based Charles D. Oliver, as well as California-based David Ortiz and Kevin Richards (as well as Ortiz’s ...

Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by more than 2.8% to trade below $58.86 on Tuesday morning, while futures on US benchmark West Texas Intermediate (WTI) crude (CL=F) temporarily fell by a deeper 3.1% to trade below $55. Both energy products reached levels Tuesday morning that had not been s ...

Crude oil prices fell to levels not seen since the start of 2021 as a widely expected supply glut picked up momentum and peace talks in the Russia-Ukraine conflict took steps forward. Futures on international pricing benchmark Brent crude (BZ=F) fell by more than 2.8% to trade below $58.86 on Tuesday morning, while futures on US benchmark West Texas Intermediate (WTI) crude (CL=F) temporarily fell by a deeper 3.1% to trade below $55. Both energy products reached levels Tuesday morning that had not been s ...

January WTI crude oil (CLF26) today is down -1.63 (-2.87%), and January RBOB gasoline (RBF26) is down -0.0506 (-2.92%). Crude oil and gasoline prices are selling off today, falling to 4.75-year nearest-futures lows.  Concerns about global energy demand and expectations for a worldwide oil glut are weighing on crude prices.  Also, today's decline in the S&P 500 to a 2.5-week low dampens optimism about the economic outlook, which is negative for energy demand.  In addition, the potential for a Russian-Ukrai ...