Dow finishes up over 400 points as Nasdaq snaps 7-day losing streak
U.S. stocks rebounded on Wednesday as all three benchmarks recorded...
U.S. stocks rebounded on Wednesday as all three benchmarks recorded their strongest gains in nearly a month, while the Nasdaq Composite snapped its longest losing streak since 2016. The S&P 500 SPX, 1.83% advanced 71.68 points, or 1.8%, to 3,979.87. The Dow Jones Industrial Average DJIA, 1.40% climbed 435.98 points, or 1.4%, to 31,581.28. The Nasdaq Composite COMP, 2.14% rose 246.99 points, or 2.1%, to 11,791.99. All three benchmarks saw their biggest percentage-point gains since Aug. 10.
National Grid residential natural gas customers can expect a 39% price hike
National Grid utility customers in New York who heat their homes...
National Grid utility customers in New York who heat their homes with natural gas can expect to pay approximately 39% more in the upcoming home-heating season.
A National Grid spokeswoman, in a conference call on Tuesday, said that would translate on average to a winter heating bill of $943 for the season, or $263 over the current year.
The five-month home heating season runs from Nov. 1 to March 31. National Grid says the average residential customer uses 713 therms in that period.
"Therm" is the unit of measurement of natural gas over time. One therm is equal to 100,000 British thermal units, BTUs.
A Colorado County joined environmental groups in appealing a federal agency’s approval of a stretch...
A Colorado County joined environmental groups in appealing a federal agency’s approval of a stretch of new railroad connecting Utah’s oilfields with the national railway network, a decision that will mean crude will be moved through western Colorado.
The Colorado Sun reported Eagle County joined the appeal because crude oil will be transported along the rails next to the Colorado River.
From OK Energy Today. Click here for Colorado Sun Article.
EQT Corp. entered into a purchase agreement to acquire THQ Appalachia I LLC...
EQT Corp. entered into a purchase agreement to acquire THQ Appalachia I LLC (Tug Hill)'s upstream assets and THQ-XcL Holdings I LLC (XcL Midstream)'s gathering and processing assets, according to a company press release on Sept. 6.
Expected to close in fourth-quarter 2022, the total acquisition is valued at $5.2 billion comprised of about $2.6 billion in cash and about $2.6 billion in EQT common stock. Tug Hill and XcL Midstream are backed by equity commitments from Quantum Energy Partners-managed funds.
Oil Slides to 7-month Low on Renewed Demand Fears, Rate Hike Expectations
Oil prices fell more than $1 on Sept. 7 to their lowest since before Russia invaded Ukraine as COVID-19...
Oil prices fell more than $1 on Sept. 7 to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand.
Brent crude futures fell $1.08, or 1.2%, to $91.75 a barrel by 6:44 GMT after slipping 3% in the previous session. The contract hit a session low of $91.20, the lowest since Feb. 18.
U.S. WTI crude futures shed $1.20, or 1.4%, to $85.68. The benchmark fell to a session low of $85.08, the lowest since Jan. 26.
Oil pared strong gains made on Sept. 5 after OPEC and their allies, a group known as OPEC+, decided to cut output by 100,000 bbl/d in October.
