Oil Ticks Higher Amid U.S. Cold Snap, Fresh Strikes on Houthis
Crude prices inched higher as extreme cold disrupted U.S. oil production and Middle East tensions grew as the U.S. struck against Houthi anti-ship missiles.
Oil prices end higher as traders eye demand outlook, Middle East supply threats
Oil futures finished higher on Thursday as traders weighed the outlook for demand, as well as risks to supply caused by strife in the Middle East.
U.S. Crude-Oil Inventories Fall More Than Expected
Crude-oil stockpiles declined by a greater-than-expected 2.5 million barrels last week, while supplies of gasoline and diesel continued to rise, government data showed.
Oil-Demand Growth Slowdown Marks Return to Prepandemic Trends
Global oil-demand growth slowed significantly at the end of last year and is expected to weaken further, marking a return to prepandemic trends, according to the IEA.
China Goes All In on Green Industry to Jolt Ailing Economy
Capital is pouring into factories that make items such as electric vehicles, batteries and renewable-energy gear as Beijing looks for new sources of growth.
Eaton Names Johnson Controls Finance Chief as Next CFO
Olivier Leonetti will join the power management company on Feb. 5, succeeding Thomas Okray, who is leaving for personal reasons.
OPEC Expects Global Oil Demand to Slow in 2025
OPEC said it expects global oil demand to slow next year, even as it raised its economic forecast as easing inflation spurs global growth.
The U.S. is breaking oil-production records with fewer drilling rigs. Here's how.
U.S. oil production is back in record territory with far fewer drilling rigs than at the previous peak.
BP Veteran Named as CEO, Signaling Commitment to Renewable Shift
The U.K. energy company appointed Murray Auchincloss as chief executive, turning to a company veteran to continue the oil giant's shift toward renewable energy.
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks
"We'll have to see whether this becomes a longer-standing issue," CEO Wael Sawan told The Wall Street Journal in Davos.
(END) Dow Jones Newswires
01-19-24 0715ET
