Oil ends lower as Russia plays down prospect for additional OPEC+ production cuts

Oil futures finish lower on Thursday after Russia's deputy prime minister plays down prospects for additional output cuts by OPEC+. 


 
Gas Prices Give Drivers a Reprieve Heading Into Memorial Day Weekend

Weak demand for fuel and low oil prices have pushed down gasoline costs after last year's record. 


 
Natural Gas Ends Lower for 4th Time in 5 Sessions

Natural gas prices finished 3.8% lower at $2.307/mmBtu, marking a fourth decline in the past five sessions, following a weekly storage report that did nothing to help trim down bloated inventories. 


 
Investments in Solar Power Eclipse Oil for First Time

Government spending, including Biden's Inflation Reduction Act, has helped drive a gap between clean-energy spending and fossil-fuel investments. 


 
United Utilities Profit Slides, Misses Consensus

United Utilities reported a 28% drop in underlying profit, reflecting lower consumption, higher inflation and increased operational costs. 


 
Atlantic Hurricane Season to Be 'Near Normal' in 2023, NOAA Predicts

The forecast calls for 12 to 17 named storms with winds of 39 mph or higher between June 1 to Nov. 30. 


 
Energy & Utilities Roundup: Market Talk

Find insight on Icahn Enterprises , Rex American Resources, propane, and more in the latest Market Talks covering the Energy & Utilities sector. 


 
U.S. Crude-Oil Inventories Drop by Most in 6 Months

U.S. inventories of crude oil saw their biggest decline last week since late November, dropping by 12.5 million barrels, while gasoline and diesel fuel supplies also fell. 


 
Sudden Energy-Price Collapse Brings Economic Boon

After skyrocketing last year due to the Ukraine war, natural-gas prices are in retreat around the world. But the outlook isn't entirely positive, as the drop is also a symptom of slowing activity. 


 
Goldman Sachs sees potential for strong commodity performance after largest 'de-stocking' ever witnessed

Commodity prices have suffered an overall decline so far this year, with a recent "de-stocking," or decline in physical inventories potentially giving way to strong gains in the sector if the economy avoids a recession.


(END) Dow Jones Newswires

05-26-23 0015ET