- Zacks
SharkNinja and Schneider National have been highlighted as Zacks Bull and Bear of the Day
SharkNinja and Schneider National have been highlighted as Zacks Bull and Bear of the Day
- Reuters
Top U.S. natural gas producer Chesapeake Energy cuts jobs
Chesapeake Energy, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday. This week's layoffs follow its divestment of its Eagle Ford assets, not the company's pending merger with Southwestern Energy, Chesapeake said. Chesapeake in 2022 said it would exit the Eagle Ford shale field in south Texas, making it a pure-play natural gas producer.
- Benzinga
Oil Holds At $80 As Iranian Leaders Die In Crash, Saudi Crown Prince Delays Japan Trip; Natural Gas Spikes 40% In May
The West Texas Intermediate (WTI) crude spot price, as tracked by the United States Oil Fund (NYSE:USO), hovered below $80 a barrel on Monday, remaining relatively stable despite significant geopolitical developments in the Middle East. Indeed, natural gas prices have experienced a substantial increase, although for different reasons. Henry Hub front-month futures for June delivery, as closely followed by the United States Natural Gas Fund (NYSE:UNG), surged by over 4% to $2.64/MMBTu, marking th
