Oil ends lower, but above session lows after a report, and denial, of progress toward a U.S. deal with Iran
Oil futures decline on Thursday, pressured by a report that the U.S. and Iran may be nearing a deal on Tehran's uranium enrichment and oil exports. A White House official, however, reportedly called the article "false," prompting prices to pare losses by the settlement.
Natural Gas Finishes Higher On Below-Forecast Storage Rise
Natural gas prices finished 1% higher at a fresh, two-week-high of $2.352/mmBtu after a weekly storage report that wasn't as bearish as analysts and traders were expecting.
Energy & Utilities Roundup: Market Talk
Gain insight on U.S. solar-power producers, the Freeport LNG plant in Texas, the share of all-electric vehicles in the U.S., and more in the latest Market Talks covering Energy and Utilities.
U.S. Oil Inventories Unexpectedly Decline
Government data showed U.S. crude-oil stockpiles fell by 452,000 last week, in contrast to analysts' expectations for a 1.1 million-barrel rise. Gasoline stockpiles rose by a much greater-than-expected 2.7 million barrels.
Private-Equity Firms With Clean Energy Focus Tap Ex-CEOs
Energy-infrastructure investment firms ArcLight Capital Partners, EQT AG and Sandbrook Capital have recently hired former leaders of large power companies.
Brazil Is Key to Slowing Global Warming. But Its Carbon Market Has Struggled.
A new attempt to create a regulated cap-and-trade system that is seen as key for corporate competitiveness and economic resilience faces political headwinds.
What's Ahead for Energy & Climate
This special report explores what's ahead for energy and climate, from the quest for beamed solar energy from space to the rise of AI in climate technology.
EIA predicts record-high 2023 and 2024 U.S. oil output
The Energy Information Administration on Tuesday raised its oil-price forecasts for this year and next, and said it expects U.S. production to hit record highs as global supplies tighten following a decision by major oil producers last weekend to extend their production cuts through 2024.
Saudi Output Cut to Boost Oil Prices Could Be Costly
The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.
Analysis: OPEC+ Meeting Shows Saudi Arabia's Willingness to Backstop Oil Prices
Saudi Arabia emerged with a deal that appears to have at least patched up some intra-OPEC issues and could halt a slide in oil prices that is hurting Saudi state coffers, analysts say.
(END) Dow Jones Newswires
06-09-23 0015ET
