LOS ANGELES (AP) — A Texas oil company was granted permission to repair an underwater pipeline that ruptured off the coast of...
By: Reuters – Oil prices were on track for their first weekly gain in five on Friday, underpinned by the possibility that...
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He wouldn’t phone Florida Gov. Ron DeSantis ahead of the arrival of Hurricane Ian to inquire about storm preparations, but President Biden...
By: Beck Connely – Enid News & Eagle – Oklahoma is set to receive a federal grant to begin addressing an orphaned...
STORY BY Mark Jaffe, THE COLORADO SUN. Vic Behrens drives the dusty, dirt roads of Adams and Arapahoe counties in Colorado looking...
By: Reuters – Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a...
By: Reuters – Hedge Fund managers anticipate an imminent recession that will hit consumption of middle distillates such as diesel especially hard,...
Story by Rachel Millard, The Telegraph. Bernard Looney, the boss of BP, was summoned by Whitehall within a day of Russia invading Ukraine....
LONDON (Reuters) – Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to...
Oil futures finished Monday with a gain after President Trump slapped tariffs on Canada, Mexico and China over the weekend, sparking worries over U.S. crude imports. Upside was limited, however, by concerns that a trade war would dent demand.
At a regularly scheduled meeting on Monday, ministers from members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — left its existing oil production plans unchanged, even as Trump last month called on the group to lower oil prices.
West Texas Intermediate crude for March delivery rose 63 cents, or 0.9%, to settle at $73.16 a barrel on the New York Mercantile Exchange after trading as high as $75.18.
April Brent crude , the global benchmark, tacked on 29 cents, or 0.4%, to $75.96 a barrel on ICE Futures Europe.
Back on Nymex, March gasoline climbed 2.9% to $2.12 a gallon, while March heating oil gained 2.7% to $2.46 a gallon.
March natural gas surged 10.1% to $3.35 per million British thermal units, after posting a gain of nearly 12% last week.
U.S. stocks ended lower, but recovered from their session lows, after President Trump said on Monday that he would pause imposing new tariffs on Mexico for a month, though tariffs on China and Canada will stil take effect on Tuesday.
The Dow Jones Industrial Average went down 122.75 points or 0.28% to close at 44421.91, according to FactSet data.
The S&P 500 declined 45.96 points or 0.8% to finish at 5,994.57.
The Nasdaq Composite fell 235.49 points or 1.20% to end at 19,391.96.
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