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The recent announcement of an $80 million federal funding allocation for Texas under President Biden’s Investing in America agenda marks a significant...
The withdrawal follows the two largest in recent years: 359 Bcf in January 2018 and 338 Bcf in February 2021, the week...
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In a pivotal move that reshapes the landscape of the midstream oil and gas sector, Sunoco LP has announced its agreement to...
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In a move that could redefine corporate climate accountability, Exxon Mobil Corp has taken unprecedented legal action. The oil giant has filed...
Crude futures were on track to notch back-to-back gains on Thursday, with prices finding support from growing tensions in the Middle East that raise the risk of supply disruptions in the oil-rich region.
A weekly fall in U.S. gasoline demand reported by the Energy Information Administration on Wednesday, meanwhile, fed concerns over the economy's outlook and energy demand, contributing to losses in oil prices for the month to date.
-- West Texas Intermediate crude for April delivery rose 94 cents, or 1.4%, to $68.10 a barrel on the New York Mercantile Exchange ahead of the contract's expiration at the end of the session. The May WTI contract was up 99 cents, or 1.5%, at $67.90.
-- May Brent crude was up 64 cents, or 0.9%, at $71.42 a barrel on ICE Futures Europe.
-- April gasoline tacked on 0.5% to $2.1813 a gallon, while April heating oil added 0.7% to $2.2476 a gallon.
-- Natural gas for April delivery traded at $4.136 per million British thermal units, down 2.6%.
U.S. stocks ended lower Thursday, with the S&P 500 and Nasdaq resuming the rout that landed the two indexes in correction territory recently.
Somewhat optimistic comments from Federal Reserve Chair Jerome Powell helped stocks notch big gains on Wednesday, but the positive vibes started to fade a day later.
The Dow Jones Industrial Average ended 11.31 points lower, or less than 0.1%, closing at 41,953.32.
The S&P 500 index shed 12.40 points, or 0.2%, ending at 5,662.89.
The Nasdaq Composite closed down 59.16 points, or 0.3%, at 17,691.63.
From a month ago, the Dow was off 5%, the S&P 500 was 7.4% lower and the Nasdaq was down 11.4%, according to FactSet.
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The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
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(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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