The energy crisis crippling power grids across the U.S. showed few signs of abating Tuesday morning as blackouts left almost 5 million customers without electricity during unprecedented cold weather. Spot power prices in Texas hit […]
Texas deep freeze cannot keep stocks from opening at all time highs, with major indices losing steam toward the latter half of the trading session. S&P 500: 00% Nasdaq: -0.11% Dow Jones: -0.38% Many on […]
New York — 0348 GMT: Crude oil futures were slightly higher during mid-morning trade in Asia Feb. 16, extending overnight gains, as the ongoing Arctic blast across North America caused supply disruptions, propelling demand for heating […]
New York — 0252 GMT: Crude oil futures strengthened during mid-morning trade in Asia Feb. 15 as the demand outlook brightened on hopes that the coronavirus pandemic is abating and on expectations of an upcoming stimulus […]
Oil prices have reached a critical threshold where OPEC+ must decide whether to increase production, or risk losing market share again to U.S. shale producers. Front-month Brent futures prices have climbed to more than $60 per barrel, […]
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen said it intercepted an explosive-laden drone fired by the Iran-aligned Houthi group, raising fears of fresh Middle East tensions. Hopes […]
Natural gas traded at a record $600 per million British thermal units in Oklahoma over the long holiday weekend with a deep freeze across the central U.S. intensifying, according to traders. Temperatures fell so far […]
Up and down day for the markets as new stimulus hopes couldn’t push markets green. S&P 500: 11% Nasdaq: 11% Dow Jones: -0.08% “Is the path to much higher equities becoming smaller…to put it differently, […]
New York — Crude oil futures settled lower Feb. 11, retreating from 13-month highs as traders booked profits amid mixed demand outlooks. NYMEX March WTI settled 44 cents lower at $58.24/b, and ICE April Brent declined […]
Energy News Beat Publishers Note: This means Russia and other countries that do not have the best interests of the United States has won. We are now at their mercy. More petroleum (including crude oil […]
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