S&P 500, Dow book 3rd day of gains Monday, stocks end higher as investors await Russia-Ukraine talks
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials...
U.S. stocks finished higher Monday, with the S&P 500 index and Dow industrials both booking a third straight session of gains as investors monitored potentially positive developments ahead of Russia and Ukraine talks in Turkey on Tuesday. The Financial Times reported on Monday that Russia no longer will demand that Ukraine be "denazified," a claim Russian President Vladimir Putin used to justify his invasion, in ceasefire talks. The DowDJIA, +0.27% rose about 93 points, or 0.3%, finishing near 34,955, after flipping positive in late afternoon trade. The S&P 500 SPX, +0.71% advanced 0.7% and the Nasdaq Composite IndexCOMP, 1.31% jumped 1.3%. Treasury yields also trimmed some of last week's advance and oil prices fell, with the U.S. benchmark CL00, -9.03% down about 7% Monday to settle at $105.96 a barrel.
Natural gas futures are mixed early, trading in a range between $5.45 and $5.70 as of 9:30 AM...
Natural gas futures are mixed early, trading in a range between $5.45 and $5.70 as of 9:30 AM ET, on forecasts for cooler weather and higher heating demand than previously expected. Russia is working out methods for accepting payments for its gas exports in roubles and it will take decisions in due course should European countries refuse to pay in the Russian currency, the Kremlin said on Monday.
The energy sector is poised for a lower start, pressured by weakness in the underlying commodities,...
The energy sector is poised for a lower start, pressured by weakness in the underlying commodities, while U.S. stock index futures edged higher as investors remained hopeful about progress in the Russia-Ukraine peace talks.
WTI and Brent crude oil futures are trading lower as fears over weaker fuel demand in China grew following a lockdown in Shanghai in an effort to curb a surge in COVID-19 infections. Amid the growing list of sanctions on Russia following its invasion of Ukraine, Britain instructed public sector bodies to review energy and other contracts they have with Russian firms and consider switching suppliers, noting that existing energy agreements could benefit the Russian state. India also just announced it will not consider buying oil from Russia or any other country using Indian rupees, the junior oil minister told parliament. Additionally, Kurdish Prime Minister Masrour Barzani told an industry conference in Dubai that the Kurdish region of northern Iraq has the capacity to make up for at least some of the energy shortfall in Europe, claiming that Kurdistan would soon become an important source of energy that would meet global demand and it would export to Turkey soon.
Cutlass Energy Establishes Haynesville Position through ArcLight Transaction
ArcLight Capital Partners LLC recently entered into an agreement with an undisclosed...
ArcLight Capital Partners LLC recently entered into an agreement with an undisclosed seller for its affiliate Saber Midstream LLC to acquire a natural gas gathering system in the Haynesville Shale Basin of Louisiana and Texas.
In a release announcing the acquisition last week, ArcLight said the management team of Cutlass Energy Partners LLC, a midstream infrastructure company backed by the Boston-based private equity firm, will manage Saber Midstream and the operations of the acquired gas gathering system.
“Cutlass is excited to establish itself as a natural gas infrastructure player in the Haynesville via its partnership with ArcLight in Saber Midstream,” Cutlass CEO Don Kirkendall commented in the release.
US Considers Another SPR Release that Could Top 30 Million Barrels
The Biden administration is considering another release of oil from the Strategic Petroleum Reserve...
The Biden administration is considering another release of oil from the Strategic Petroleum Reserve (SPR) to help stabilize global energy markets that, if carried out, could be bigger than the sale of 30 million barrels earlier this month, a U.S. source said on Friday.
“We’re in a real disruption at the moment, so you have to come at it from that perspective,” said the source, who emphasized that no decision has been made on a potential release.
“We’re not there yet, but definitely we are talking” about a release, the source said.
