By: Bozorgmehr Sharafedin – Reuters – Oil prices were largely steady on Monday as supply disruptions in Kazakhstan and Libya offset worries...
Dealing with the US shale industry’s produced water is increasingly controversial for operators, a new Rystad Energy report reveals. Even though total...
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By: Nichola Groom – Reuters – The Biden administration on Wednesday said more than half of U.S. states intend to apply for...
The European Union has drawn up plans to classify some nuclear power and natural gas plants as green investments that can help...
By: Scott DiSavino – Reuters – Germany on Friday shut down half of the six nuclear plants it still has in operation,...
Jan 3 (Reuters) – U.S. natural gas prices gained over 2% on Monday (closing at $3.81 per MMBtu, +8.5 cents) after output...
After the Deepwater Horizon offshore drilling rig exploded in 2010, environmentalists surveying the damage in the Gulf of Mexico came upon a...
By: Alex Longley – Bloomberg – Oil futures in New York dipped after their longest run of gains since February, as the...
By: Kimberly James – The Center Square – Oklahoma is second only to Texas in desirability to invest in the oil and...
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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