Consumer sentiment fell back 5.8% this month, ending a three-month positive streak and offsetting all the gains registered during that time, according to final March data from the University of Michigan’s Surveys of Consumers released Friday (March 27).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article ...

CERAWEEK Oil, gas exploration is back: Energy giants hunt to replenish reserves | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar Purchase Licensing Rights, opens new tab HOUSTON, March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives ...

Higher gas prices and stock market volatility stemming from the war in Iran weighed on Americans' views of the overall economy in March, according to new data from the University of Michigan. The Index of Consumer Sentiment showed sentiment ended March with a final reading of 53.3, marking a larger decline than the reading of 54 economists expected and the lowest reading in three months. Overall, consumer sentiment fell 5.8% from February and 6.5% from a year ago. Consumer sentiment had been gradually ...

Chevron reports outage at Australian gas facilities due to cyclone | Reuters Our Standards: The Thomson Reuters Trust Principles., opens new tab Purchase Licensing Rights Business Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Companies Chevron Corp Follow SYDNEY, March 27 (Reuters) - Chevron (CVX.N), opens new tabsaid on Friday it was working to restore production at its Gorgon and Wheatstone gas facilities in Australia following production outages that happe ...

As the Iran War drives up gas prices, many retail stocks are retreating amid investor concerns about softer consumer spending. However, one retail stock that could actually benefit from higher gas prices is Costco (NASDAQ: COST), the world's largest warehouse club retailer. Why would lower gas prices boost Costco's sales? Costco's member-only gas stations sell fuel at lower prices than local averages, often with discounts of $0.20 per gallon or more. As national gas prices rise, more drivers will likely ...

Britain should move to tap five years’ worth of gas reserves lying near the Shetland Islands, a North Sea energy company has said. Serica Energy says an estimated five trillion cubic feet of gas lies under the seabed west of Shetland, where there is already infrastructure for piping it back to the mainland. The claim will pile fresh pressure on Ed Miliband to allow drilling in the North Sea. The Energy Secretary has faced mounting calls to rethink his position on oil and gas amid growing warnings of loo ...

Key Takeaways Equinor begins drilling at the Raia project in Brazil, targeting the launch of operations in 2028.EQNR and its partners are developing more than 1 billion BOE reserves with FPSO and pipeline infrastructure.Raia is expected to supply nearly 15% of Brazil's gas demand and export up to 16M cubic meters of gas daily.Equinor ASA (EQNR) has commenced drilling at its largest project under execution, the Raia project in Brazil’s pre-salt Campos Basin, marking a major milestone as the project advances ...

With gas prices surging in every state from California to New York, drivers face the highest prices they’ve seen at the pump in years. Already wincing from the high cost of living, some are going out of their way to spend less at the pump, cooling their jets in long gas lines at Costco and Sam’s Club, downloading the GasBuddy mobile app to scout for the cheapest gas and tapping fuel rewards programs. Krystal Goodner, 44, a content creator and freelance media professional who is active in her church and ...

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the best undervalued stocks under $50 to invest in now. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced on March 18 a new gas discovery in the Copoazu-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. Management stated that the discovery consolidates the gas province and the gas potential in the Colombian offshore, and also contributes a significant volume of gas to the region’s energy security. Is Petroleo ...

Amplitude Energy has determined that the Isabella gas discovery in the VIC/L24 permit in the Otway Basin offshore Victoria is not commercially viable. This follows the completion of a flow test and pressure build-up analysis on the ST-1 sidetrack well. Pressure depletion recorded during the testing period does not support commercial development of the Isabella field at its current location. The ST-1 well, drilled as a sidetrack from the earlier Elanora-1 well within permit VIC/L24 in Commonwealth water ...