Stocks give up early gains again, S&P 500 books longest losing skid in 6 months
U.S. stocks closed mixed on Thursday in another jittery day of trade,...
U.S. stocks closed mixed on Thursday in another jittery day of trade, as investors focused on rising bond yields and uncertain oil prices.
The Dow Jones Industrial Averagerose 22.07 points, or 0.1%, ending at 37,775.38.
The S&P 500shed 11.09 points, or 0.2%, closing at 5,011.12.
The Nasdaq Composite fell 81.87 points, or 0.5%, finishing at 15,601.50.
Stocks finished mostly lower, with the S&P 500 closing down after opening higher for the fourth straight day — booking its longest such string of reversals since 2018.
The Nasdaq Composite and the S&P 500 both posted a fifth straight session of declines, shedding 5.1% and 3.6%, respectively, according to Dow Jones Market Data.
It's the S&P 500's biggest five-day drop in about seven months and the largest declineover five sessions for the Nasdaq since December 2022.
Chevron bolsters low-carbon tech drive with $500M fund
Chevron Technology Ventures has committed $500 million to its third fund,...
Chevron Technology Ventures has committed $500 million to its third fund, Future Energy Fund III, to invest in low-carbon technologies that support industrial decarbonization, emerging mobility, energy decentralization, and the circular economy. The fund will also target innovations in low-carbon fuels, advanced materials, and carbon conversion.
Sheffield: Higher prices unlikely to shake shale discipline
Not even $200 per barrel oil prices will be enough to sway public independent...
Not even $200 per barrel oil prices will be enough to sway public independent shale oil producers from their disciplined approach, said former Pioneer Natural Resources CEO Scott Sheffield at Columbia Global Energy Summit in New York. One counterexample is ExxonMobil's $59.5 billion acquisition of Pioneer, which Sheffield expects to result in 10% to 15% growth of Pioneer's assets within a year of the deal's closing.
As global demand for cleaner energy products grows, responsibly sourced...
As global demand for cleaner energy products grows, responsibly sourced natural gas is expected to account for 45% of total US gas supply this year, an increase from 38% in 2023, according to a BloombergNEF report. With a premium of just around 10 cents per million British thermal units, RSG is the most affordable option for gas buyers seeking to mitigate Scope 3 emissions, the report states.
The U.S. Energy Information Administration reported the national crude...
The U.S. Energy Information Administration reported the national crude stocks grew from 457.3 million barrels of oil reported on April 5 to 460 million barrels as of April 12. It marked another increase since March 29 when the national crude storage amounted to 451.4 million barrels.
Cushing’s total of crude oil in storage was unchanged from the 33 million barrels reported on April 5. It remained at 33 million barrels and was only 200,000 fewer than March 29. It also compared to 31.7 million barrels reported by the EIA on March 1.
