At least 36 people have died after two trains collided head-on in Greece. Survivors...
At least 36 people have died after two trains collided head-on in Greece. Survivors said they had to use luggage to break windows and escape. The full story.
Gold gaining early Wednesday on heels of worst month since 2021
Gold futures for April ...
Gold futures for April GC00, 0.28%GCJ23, 0.29% delivery climbed $8.50, or 0.5%, to $1,845 per ounce on Comex after booking a monthly decline of 5.6% for February, the largest monthly loss for a most-active contract since June 2021, according to FactSet data.
** According to Rystad Energy data cited by the Wall Street Journal, there are currently some 15 deals...
** According to Rystad Energy data cited by the Wall Street Journal, there are currently some 15 deals in the U.S. oil and gas space that face an uncertain future. Their combined value is $40 billion, and some of them may well remain unsold—especially if they focus on natural gas.
** The Washington state House passed a bill nearly unanimously Monday that would require wind farms to turn off the blinking red lights on turbines if no airplane is nearby. The vote in favor of House Bill 1173 was 94-1.
**Saudi Arabia’s Aramco is considering an investment in a liquefied natural gas facility outside the kingdom, as global demand for the fuel soars following Russia’s invasion of Ukraine.
** Chevron Corp. Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles.
Crude oil inventories in the United States saw another significant increase, with a 6.203 million...
Crude oil inventories in the United States saw another significant increase, with a 6.203 million barrel increase last week, the American Petroleum Institute (API) data showed on Tuesday, bringing the total number of barrels gained so far this year to nearly 59 million barrels.
Gasoline inventories fell by 1.774 million barrels after last week’s API data showed the fuel inventories rising by 894,000 barrels. Distillates fell 341,000 barrels after rising by 1.374 million bpd in the week prior.
Inventories at Cushing, Oklahoma, increased by 483,000 barrels on top of the 781,000 barrel hike reported last week.
Oil futures finished at their highest in more than a week on Tuesday, underpinned by...
Oil futures finished at their highest in more than a week on Tuesday, underpinned by optimism over demand from China, but booked losses for the month of February.
West Texas Intermediate crude for April delivery CL.1 rose $1.37, or 1.8%, to settle at $77.05 a barrel on the New York Mercantile Exchange, the highest finish for a front-month contract since Feb. 16, according to Dow Jones Market Data. For the month, prices lost 2.3%, down for the fourth month in a row.
AprilBrent crudeBRNJ23 the global benchmark, gained $1.44, or nearly 1.8%, to settle at $83.89 a barrel on ICE Futures Europe on the contract’s expiration day, with prices down 0.7% for the month. May Brent BRNK23 the new front-month contract, climbed $1.41, or 1.7%, to $83.45 a barrel.
Back on Nymex, March gasolineRBH23 added 2.8% to $2.4343 a gallon, losing 4.3% for the month, while March heating oilHOH23 ended little changed at $2.8209 a gallon, posting a loss of more than 11% for February. The March contracts expired at the session’s end.
April natural gasNGJ23 rose 0.6% to $2.747 per million British thermal units, ending nearly 2.4% higher for the month.
