Energy News Beat Publishers Note: This total of 579,000 bpd is outside the quotas assigned to Iran and will impact world supply. Most going to China at a discounted rate. Iran has launched three pipelines […]
New York — Crude oil futures surged nearly 4% to settle at 13-month highs Feb. 22 as US refineries began to restart in the wake of severe weather across the southern US last week. NYMEX March […]
New York — Crude oil price declines continued Feb. 19 as the market eyed rising supply outlooks amid the restart of Texas production and easing US-Iran tensions. NYMEX March WTI settled down $1.28 at $59.24/b and […]
New York — 0308 GMT: Crude futures weakened during midmorning trade in Asia Feb. 19 as the support received from supply disruptions in the US due to freezing temperatures eased, allowing prices to return to fundamental […]
Major indices fall after weak jobs data and a miss in Walmart earnings S&P 500: -0.52% Nasdaq: -0.73% Dow Jones: -0.44% Walmart shares dropped nearly 6% after its fourth-quarter earnings fell short of Wall Street estimates. […]
New York — 0304 GMT: The rally in crude oil futures prices gained momentum during midmorning trade in Asia Feb. 18, drawing strength from a large estimated draw in US crude inventory reported by the American […]
According to the U.S. Energy Information Administration’s (EIA) February 2021 Short-Term Energy Outlook (STEO), EIA forecasts that U.S. liquefied natural gas (LNG) exports will exceed natural gas exports by pipeline in the first and fourth quarters of […]
Brent oil traded near $65 a barrel as a cold blast that’s taken out almost 40% of U.S. crude production morphed into a global supply shock. Futures in London rose 0.8% after closing at the […]
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 […]
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