WTI and Brent crude oil are trading up slightly as traders are concerned over short-term demand ahead of key U.S. inflation data which will provide more color on the Fed’s monetary policy. Following supply concerns caused last week, a cargo of Azeri crude set sail from Turkey's Ceyhan port on Monday, the first since a devastating earthquake hit the region on Feb. 6. Russia’s surprise announcement of their production cut in response to Western sanctions, continues to lend support to oil futures. According to Deputy Prime Minister Alexander Novak, Russia plans to sell more than 80% of its oil exports to what it calls "friendly" countries in 2023
Natural gas futures are down this morningas warmer-than-normal weather lowers heating demand in key consuming regions. The amount of natural gas flowing from pipelines to Freeport LNG's export plant in Texas was on track to jump this morning to its highest since the facility shut in a fire in June 2022, a sure sign the plant started liquefying gas again.
Quarterly reports due to be published by Appalachian natural...
Quarterly reports due to be published by Appalachian natural gas producers in the coming weeks will offer clues about how the industry is adjusting drilling ambitions in response to the recent slump in gas prices. In a recent report, Goldman Sachs analysts said "the timing of a supply response will be key to form a bottom in natural gas prices" and noted that they "assume a rational production response given our expectations for public producer discipline with a focus on returns/[free cash flow], and tougher borrowing conditions for private producers."
Residents wary of returning to town after toxic train derailment
Last week, authorities told evacuated residents of East Palestine, Ohio, it was safe to return home after...
Last week, authorities told evacuated residents of East Palestine, Ohio, it was safe to return home after a train carrying hazardous materials derailed and caught fire on Feb. 3. But in interviews with the Washington Post, residents say they’re hesitant to come back and haven’t been provided with sufficient information about the contaminants that were released in their area. Another resident told Newsweek that his exotic pets are suffering after exposure to the chemicals.
The Kansas City Chiefs lifted the Lombardi Trophy last...
The Kansas City Chiefs lifted the Lombardi Trophy last night, topping the Philadelphia Eagles 38-35 in Super Bowl LVII. The win marks the third title in franchise history and the second in the past four seasons.
The Chiefs overcame a 24-14 deficit, kicking the winning field goal in the final seconds of regulation following a holding call that allowed Kansas City to wind down the clock. Chiefs QB Patrick Mahomes threw for 182 yards and three touchdowns with no interceptions, including a 26-yard run on the final drive, en route to being named Super Bowl MVP.
US stock indexes are up early Monday, as investors prepare for a big week in markets. A...
US stock indexes are up early Monday, as investors prepare for a big week in markets. A highly watched reading on US consumer inflation will be released Tuesday — and will likely influence the Fed's outlook for interest rates. Here are the latest market moves.
Earnings on deck: CSL, Arista Networks, and more, all reporting.
