The energy sector is off to a mixed-to-lower start on modest declines...
The energy sector is off to a mixed-to-lower start on modest declines in the crude complex and major market futures. U.S. equities are trading slightly lower in the pre-market ahead of a busy week for earnings while investors also await U.S GDP data for the first quarter, the personal consumer expenditures Index for March, and consumer confidence numbers for April.
WTI and Brent crude oil are lower as investors balance a slowing economy with growing concerns over tight supply. The market is also closely watching first-quarter earnings, as they have sparked worries of a weakening U.S. economy so far, following worse-than-expected corporate earnings from the technology sector. A cooling economy, along with expectations the Federal Reserve will raise interest rates when they meet next month, is clouding the demand outlook. However, China’s economic recovery is lending support, as they most recently released customs data which showed the country brought in record volumes of crude shipments in March.
Natural gas futures are down on forecasts for milder weather and less heating demand in the near term.
DOE introduces new conditions for LNG project extensions
In a bid to improve market certainty and decision-making, the Energy Department has unveiled a new policy...
In a bid to improve market certainty and decision-making, the Energy Department has unveiled a new policy that requires companies seeking a seven-year start date extension for their liquefied natural gas export projects to demonstrate they have commenced construction or face extenuating circumstances. Additionally, the agency has granted a request to extend Port Arthur LNG's startup date to 2028 and denied Energy Transfer's second extension request for the Lake Charles LNG project in Louisiana.
Oil Prices Steady On Uncertain Global Outlook and Supply Concerns
Oil prices are steady on April 24 as concerns over rising interest rates, the global economy, and the...
Oil prices are steady on April 24 as concerns over rising interest rates, the global economy, and the outlook for fuel demand were balanced by the prospect of tightening supplies.
Brent crudeslipped 34 cents to $81.32/bbl around 9:30 AM ET. Meanwhile, U.S. West Texas Intermediate crude was down 22 cents at $77.65.
Both contracts fell more than 5% last week for their first weekly declines in five as U.S. implied gasoline demand fell from a year earlier.
For the first time in 900 years, kings and queens from around the world are going to a British coronation
Ahead of King Charles’ coronation on May 6, we’ve rounded up all the international royals who made...
Ahead of King Charles’ coronation on May 6, we’ve rounded up all the international royals who made the guest list, including Princess Charlene and Prince Albert II of Monaco, and Crown Prince Akishino and Crown Princess Kiko of Japan. See the full list here.
The science behind why the four-day workweek works so well.
A growing body of evidence suggests that a four-day workweek can improve a workplace and make employees...
A growing body of evidence suggests that a four-day workweek can improve a workplace and make employees more satisfied — and experts say it could be even shorter. Read the full story.
