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Energy Up as Ukraine War Fears Ease -- Energy Roundup

02/25/2022 | 04:26pm EST

Shares of energy companies rose slightly as fears about an interruption of European supplies as a result of the Ukraine war eased.

Oil futures slipped amid reports that Russia could open talks with Ukrainian officials.

Russian forces moved by air and land to attack Kyiv on Friday, hitting defenses across Ukraine that U.S. and British defense officials said were unexpectedly strong.

The Kremlin expressed openness to talks with the Ukraine government, even as President Vladimir Putin condemned the Kyiv leadership as terrorists.

London-traded Brent oil futures rose 4.7% to $97.93 a barrel for the week.

The U.K. government is pushing British oil giant to offload its minority stake in Russian oil company PAO Rosneft, citing the Russian oil giant's links to the Kremlin.

Natural gas futures fall as the invasion of Ukraine failed to disrupt European supplies from Russia.

ExxonMobil made a final investment decision to expand carbon capture and storage at its LaBarge, Wyo., facility, which it says has captured more carbon than any other facility in the world to date.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

02-25-22 1625ET

Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.49% 85.9 Delayed Quote.11.13%
S&P GSCI NATURAL GAS INDEX -6.78% 294.0819 Real-time Quote.80.64%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.00% 61.575 Delayed Quote.-19.90%
WTI -1.34% 80.208 Delayed Quote.6.89%
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