Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut, say advisers to the Kingdom, a sign of growing confidence over an oil-price recovery. The world’s largest […]
Major indices pared major losses amid Berkshire Hathaway dives back into the stock market. S&P 500: -0.05% Nasdaq: -0.60% Dow Jones: 21% Verizon was among the biggest gainers after Warren Buffett’s Berkshire Hathaway revealed a sizable […]
Canada sees an opportunity in U.S. President Joe Biden’s push to achieve a carbon-free electrical grid by 2035: hydropower exports. With Canadian crude exports taking a hit from Biden’s decision to scrap the Keystone XL […]
Saudi Arabia urged fellow members of the OPEC+ oil alliance to remain cautious as they prepare to consider further output increases. Crude prices have rebounded to a one-year high above $60 a barrel in New […]
There’s no sign yet of a pause in the dramatic rally in natural gas prices across the central U.S., where spot rates have now breached the $1,000 mark, more than 100 times their level just […]
Energy Transfer LP and Enable Midstream Partners, announced that they have entered into a definitive merger agreement whereby Energy Transfer will acquire Enable in an all-equity transaction valued at approximately $7.2 billion. Under the terms […]
Throughout much of its history, the United States has imported more petroleum (which includes crude oil, refined petroleum products, and other liquids) than it has exported. That status changed in 2020. The U.S. Energy Information […]
New York — 0237 GMT: Crude oil futures inched lower during mid-morning trade in Asia Feb. 17, coming under pressure from a stronger US dollar and a technical correction in the overbought oil markets, as well […]
Paul Sankey, founder and lead analyst at Sankey Research, discusses the impact of the wintry blast in Texas on U.S. oil and natural gas production. He speaks with Bloomberg’s Tom Keene on “Bloomberg Surveillance.” (Source: […]
It’s not easy putting a number on what is undoubtedly the largest forced blackout in U.S. history. If you take the Texas power grid operator’s word for it, the rolling outages that have plunged much […]
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