U.S. stocks end higher after late-day rally, as S&P 500 snaps 4-week losing skid
The U.S. stock market closed higher Friday, with the...
The U.S. stock market closed higher Friday, with the S&P 500 eking out a weekly gain to snap four straight weeks of losses.
According to preliminary FactSet data, the Dow Jones Industrial Average finished up 0.1%, the S&P 500 rose 0.1%, and the technology-heavy Nasdaq Composite rose 0.4%.
It was a choppy trading session, and stocks struggled to build on Wednesday's rally, which was fueled by the Federal Reserve’s policy meeting, which ended with its benchmark interest rate unchanged.
The preliminary data show that the S&P 500 gained 0.4% for the week, the Dow climbed 1.2%, and the Nasdaq advanced 0.2%.
EIA Natural Gas Storage Build Of +9 Bcf Exceeds Estimates
The EIA released its Weekly Natural Gas Storage Report on Thursday. The...
The EIA released its Weekly Natural Gas Storage Report on Thursday. The report indicated that working gas in storage increased by +9 Bcf from the previous week, compared to analysts forecast of +3 Bcf. In the previous week, working gas in storage decreased by -62 Bcf.
At current levels, stocks are -624 Bcf less than last year and -190 Bcf below the five-year average for this time of the year. Low storage levels provided material support to natural gas prices in recent months.
EIA: New projects to boost Alaska oil output in 2026
Alaska is poised for its first oil production increase...
Alaska is poised for its first oil production increase in nine years, with output projected to climb by 16,000 barrels per day to reach 438,000 bpd in 2026, according to the Energy Information Administration. The rise, driven by ConocoPhillips' Nuna project and Santos and Repsol's Pikka development, would be the state's biggest since 2002.
Europe's energy shift: Cleaner but still reliant on gas
Three years after Russia's invasion of Ukraine, Europe...
Three years after Russia's invasion of Ukraine, Europe has reduced its reliance on Russian gas by shifting towards renewables and increasing liquefied natural gas imports from the US. However, much of the decrease in gas demand stemmed from high prices and mild winters rather than permanent policy changes, raising questions about the sustainability of the current energy mix.
President Donald Trump has promised significant deregulation for the...
President Donald Trump has promised significant deregulation for the oil and gas industry, with potential cost reductions of $6-8 per barrel. Interior Secretary Doug Burgum has emphasized these plans, reiterating Trump's commitment to streamline permitting and reduce regulatory burdens, aiming to boost US crude output to record levels.
