US natgas rig count falls to lowest since January 2022
U.S. energy firms this week cut the number of natural...
U.S. energy firms this week cut the number of natural gas rigs operating to the lowest level since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22, putting the total rig count down 134, or 18%, below this time last year.
The number of oil rigs fell by one to 509 this week, while gas rigs decreased by four to 112, their lowest level since mid-January 2022.
Most of those gas rig cuts were in the Haynesville shale gas field in Louisiana, Texas, and Arkansas, which fell by four to 36 rigs this week, the lowest since October 2020.
Russia launches aerial attack on Ukrainian power sources
Russian forces targeted energy infrastructure across Ukraine Friday with...
Russian forces targeted energy infrastructure across Ukraine Friday with more than 150 missiles and drones, considered to be the largest strike of its kind since the war began two years ago. Ukraine said it was able to intercept 92 of the missiles and drones. At least five people were killed, 15 others wounded, and 1 million people left without power. See updates on the war here.
At least 60 killed in shooting at concert hall near Moscow
Several people reportedly burst into the Crocus City Hall, a large music...
Several people reportedly burst into the Crocus City Hall, a large music venue in a Moscow suburb, opening fire and causing explosions that set off a massive blaze Friday night. At least 100 people were rescued from the building's basement. Russian authorities reported at least 60 people were killed and over 100 wounded. The Islamic State group claimed responsibility for the attack.
Benchmark U.S. crude oil for May delivery fell 44 cents to $80.63 per barrel Friday. Brent crude for May delivery fell 35 centsto $85.43 per barrel.
Wholesale gasoline for April delivery rose 1 cent to $2.74 a gallon. April heating oilfell 2 cents to $2.65 a gallon. April natural gasfell 2 cents to $1.66 per 1,000 cubic feet.
Nasdaq notches fresh peak as U.S. stocks score weekly gains
U.S. stocks finished mixed on Friday, but all three major indexes notched...
U.S. stocks finished mixed on Friday, but all three major indexes notched weekly gains.
The Dow Jones Industrial Averagefell 305.47 points, or 0.8%, to close at 39,475.90.
The S&P 500shed 7.35 points, or 0.1%, to end at 5,234.18.
The Nasdaq Compositegained 26.98 points, or 0.2%, to finish at 16,428.82, scoring a fresh record close.
For the week, the Dow rose 2%, the S&P 500 climbed 2.3% and the Nasdaq advanced 2.9%.The S&P 500 and Dow each booked their biggest weekly percentage gains since December, while the Nasdaq saw its largest weekly percentage rise since January, according to Dow Jones Market Data.