Asian stock are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement. Asian markets closed mostly higher on Tuesday.While the Fed is widely expected to lower interest rates by 25 basis points, traders wil ...

Accessibility StatementSkip Navigation SAN FRANCISCO, Sept. 16, 2025 /PRNewswire/ -- A securities class-action lawsuit has been filed against Sable Offshore Corp. (NYSE: SOC) and its executives, alleging the company misled investors about the restart of its oil production off the California coast. The litigation, filed in California federal court, claims the company used a false press release to artificially inflate its stock price just before a secondary public offering (SPO), resulting in significant inve ...

By Nicole Jao NEW YORK (Reuters) - Oil prices eased on Wednesday after data showing an increase in U.S. diesel stockpiles stoked worries about demand and the U.S. Federal Reserve cut interest rates as expected. Brent crude futures settled 52 cents, or 0.76%, lower to $68.22 a barrel while U.S. West Texas Intermediate crude futures lost 47 cents, or 0.73%, at $64.05. U.S. crude inventories fell sharply last week with a jump in exports and a sharp decline in imports, the Energy Information Administration ...

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Petrobras, for 2025 to 2029, allocated $77 billion for investment in exploration and production operations, of which $47 billion, or 6%, is destined for pre-salt assets. It is Brazil’s prolific pre-salt oilfields that are driving the country’s oil boom and are responsible for solid production growth. Petrobras’ massive upstream investment will fund the drilling of 51 new offshore exploration and appraisal wells between 2025 and 2029. Brazil’s state-controlled oil company also plans to place 10 floating prod ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 16, 2025 (GLOBE NEWSWIRE) --  The Portnoy Law Firm advises Sable Offshore Corp. ("Sable Offshore" or the "Company") (NYSE: SOC) investors of a class action representing investors that bought securities between May 19, 2025 and June 3, 2025, inclusive (the "Class Period"). Sable Offshore investors have until September 26, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorn ...

OKLAHOMA CITY--(BUSINESS WIRE)--Mach Natural Resources LP (NYSE: MNR) ("Mach†or the "Company†) announced today the completion of its previously announced transactions (collectively, the "Transactions†) consisting of the acquisition of certain oil and gas assets from Sabinal Energy, LLC ("Sabinal†) and the acquisition of entities owning oil and gas assets managed by IKAV Energy Inc (collectively "IKAV San Juan†). Tom L. Ward, Chief Executive Officer of Mach, commented, "Today marks an important. ...

– Fiscal Q4 Net Income up 176% to $3.4 million; Adjusted EBITDA up 7% to $8.6 million – HOUSTON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced its financial and operating results for its fiscal fourth quarter and full year ended June 30, 2025. On September 11, 2025, Evolution declared a cash dividend of $0.12 per common share for the fiscal 2026 first quarter. Financial & Operational Highlights ($ in thousands) Q4 2025 ...

CONCLUDED Stock Market News From Sept. 16, 2025: Stocks Pull Back From Record Levels Last Updated: 3 hours ago Oil Futures Advance on Russia Concerns, Weak Dollar "The market has been caught between escalating geopolitical tensions and not particularly supportive fundamentals," Ewa Manthey and Warren Patterson of ING say in a note. "Market participants are waiting for any further developments regarding the potential of further Western sanctions on Russian supplies against a looming supply surplus expectatio ...