Despite growing long-term demand for natural gas, approximately...
Despite growing long-term demand for natural gas, approximately two-thirds of new global final investment decision volumes are for oil, according to Wood Mackenzie data.
Not only is the majority of exploration capital spend weighted toward oil, but oil-focused projects also tend to pay back faster than gas-focused exploration.
Capital spending on gas-focused exploration is continuing a multi-year downward trend, which WoodMac believes is an insufficient amount of capex in gas required to meet global demand.
Xcel Energy Inc.’s board of directors declared a $0.52 per...
Xcel Energy Inc.’s board of directors declared a $0.52 per share quarterly dividend on its common stock, the company announced in a May 23 press release.
The dividends are payable July 20 to shareholders on record as of June 15.
Xcel Energyis a U.S. electricity and natural gas company headquartered in Minneapolis, Minnesota.
Benchmark U.S. crude oil for July delivery fell...
Benchmark U.S. crudeoil for July delivery fell $3.21 to $69.46 a barrel Tuesday. Brent crude for July delivery fell $3.53 to $73.54 a barrel.
Wholesale gasolinefor June delivery fell 11 cents to $2.60 a gallon. June heating oilfell 9 cents to $2.28 a gallon. July natural gasfell 9 cents to $2.33 per 1,000 cubic feet.
Dow ends lower as debt-ceiling deal goes to Congress
U.S. stocks ended mixed Tuesday, as investors weighed news of a debt ceiling deal that needs to quickly...
U.S. stocks ended mixed Tuesday, as investors weighed news of a debt ceiling deal that needs to quickly pass in Congress, technology stock gains driven by the promise of artificial intelligence software and the ongoing question of whether more interest rate hikes are coming from the Federal Reserve.