Benchmark U.S. crudeoil for February delivery fell $3.33 to $76.93 a barrel Tuesday. Brent crude for March delivery fell $3.81 to $82.10 a barrel.
Wholesale gasoline for February delivery fell 12 cents to $2.36 a gallon. February heating oilfell 21 cents to $3.09 a gallon. February natural gas fell 49 cents to $3.99 per 1,000 cubic feet.
The US and Qatar were the world's largest liquefied natural...
The US and Qatar were the world's largest liquefied natural gas exporters in 2022, with volumes totaling 81.2 million tons each, ship-tracking data compiled by Bloomberg show. The June shutdown of the Freeport LNG facility in Texas has constrained US LNG exports, but the plant is expected to restart later this month.
Stocks close lower to open 2023, but finish off the lowest levels of the day
U.S. stocks finished lower Tuesday, booking losses on the first...
U.S. stocks finished lower Tuesday, booking losses on the first trading session of 2023 after wrapping up the worst year since 2008.The Dow Jones Industrial Average DJIA ended down less than 0.1%, while the S&P 500 SPX fell 0.4% and the technology-heavy Nasdaq Composite COMP slid 0.8%, according to preliminary data from FactSet. In economic data released Tuesday, the S&P Global U.S. Manufacturing Purchasing Managers' Index suggested factory activity in December contracted for a second straight month. International Monetary Fund chief Kristalina Georgieva warned in an interview on the CBS Sunday morning news program "Face the Nation" that 2023 was going to be tougher on the global economy than 2022.
‘Rogue Russia’ is 2023’s most dangerous threat: Eurasia Group
An isolated and humiliated Russia is the biggest danger of 2023, political-risk consulting firm Eurasia...
An isolated and humiliated Russia is the biggest danger of 2023, political-risk consulting firm Eurasia Group said Tuesday, unveiling its annual list of top geopolitical risks.
“A humiliated Russia will turn from a global player into the world’s most dangerous rogue state, posing a serious security threat to Europe, the United States, and beyond,” wrote Ian Bremmer, Eurasia Group’s president, and founder, and Cliff Kupchan, the firm’s chairman, in the report.
The energy sector kicked off 2023 mixed to lower, pressured by weakness...
The energy sector kicked off 2023 mixed to lower, pressured by weakness in the underlying commodities but supported by low conviction strength in the major equity futures.
WTI and Brent crude oil futures are lower in early trading, weighed down by weak demand data out of China and a gloomy economic outlook. The Chinese government raised export quotas for refined oil products in the first batch for 2023, with traders attributing the increase to expectations of poor domestic demand amid the waves of COVID-19 infections. In further bearish news, China's factory activity shrank in December as surging infections rates disrupted production, also dampening demand. Adding to the gloomy economic outlook, IMF Managing Director Kristalina Georgieva said on Sunday that the United States, Europe and China - the main engines of global growth - were all slowing simultaneously, making 2023 tougher than 2022 for the global economy.
Natural gas futures are down a further 9% to start the year, as warmer forecasts drove the front month lower for the fourth-consecutive session.
