Before the bitcoin halving, many experts were forecasting disaster for the cryptocurrency. JPMorgan projected prices would drop to $42,000, saying the market was overbought. Others said any potential gains post-halving were already priced in. Regardless of where you stood before the halving took place in April, bitcoin is still here and it’s going strong....

China’s natural gas production went up by 5% during the first four months of the year to 83 billion cubic meters, the country’s National Bureau of Statistics reported today. In April alone, output rose by 3.2% to 19.8 billion cubic meters, the statistics service also said. Imports of natural gas, meanwhile, increased by even more, at 20.7% on the year...

The world’s largest crude oil exporter, Saudi Arabia, is looking to prevent its economy from overheating and driving inflation higher as it aims to boost growth in its non-oil sector. Allowing more time to implement the massive investment projects under the Vision 2030 plan to diversify the oil-dependent economy could be a wise move, Saudi Finance Minister...

Abu Dhabi National Oil Company (ADNOC) is poised to establish a trading desk in the United States, marking a significant step in its strategic global expansion. Sources with knowledge of the plan revealed to Reuters that the UAE-backed oil and gas giant is actively seeking senior energy traders to spearhead this initiative. The move aligns with ADNOC's...

By John Kingston of FreightWaves With the benchmark diesel price used for most fuel surcharges down for the fifth week in a row, diesel consumers should be reveling in the fact that market trends appear to have completely thrown out concerns about the Middle East conflict and are focused on the markets for both diesel and gasoline as primary drivers....

Crescent Energy will buy SilverBow Resources in a deal valued at $2.1 billion to create a major player in the Eagle Ford shale formation as the U.S. oil and gas mergers continue in the second quarter of the year. Under the terms of the transaction, SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock for each share of SilverBow...