Oil prices finish higher, back on track for gains for the week

Oil futures ended higher on Thursday, with U.S. and global prices back on track to score gains for the week, as supply uncertainty tied to the Middle East helped to offset pressure from rising U.S. crude inventories and production. 


 
U.S. Natural Gas Futures Extend Slide on Oversupply Concerns

Natural gas futures settled lower for an eighth consecutive session after a smaller-than-expected draw on inventories. 


 
Higher Global Oil Supply Set to Satisfy Demand Increase

Global oil demand is expected to grow at a significantly weaker pace this year, while soaring output from the Americas will help boost supply despite output curbs from OPEC and its allies, IEA said. 


 
Woodside Expects Around $1.5 Billion of Impairments in 2023 Result

Woodside Energy expects to take impairment charges totaling around $1.5 billion against its Shenzi oil and natural gas field in the U.S. Gulf of Mexico and the Wheatstone natural-gas project in Australia. 


 
Centrica Profit Jumps

Centrica made a significantly higher pretax profit than market expectations in 2023, due to a strong performance in its British Gas energy unit. 


 
Energy & Utilities Roundup: Market Talk

Gain insight on Cenovus Energy, Orsted, Doosan Fuel Cell and more in the latest Market Talks covering Energy and Utilities. 


 
U.S. Crude Oil Stocks Rise by 12 Million Barrels in Week Ended Feb. 9

U.S. crude oil inventories rose sharply last week as refineries reduced their capacity use 


 
Iran Gas Pipelines Explode in Act of Sabotage, Officials Say

Iranian officials call Wednesday's blasts a terrorist attack but didn't blame anyone for the incident. 


 
Shell Sees LNG Demand Up at Least 50% by 2040

Shell said it expected global demand for liquefied natural gas to grow beyond 2040, driven by industry in China and economic development in South and Southeast Asia. 


 
A Tiny Hedge Fund Is Becoming a Thorn in the Side of Energy Giant BP

London-based Bluebell Capital Partners has a history of aiming at big targets, and sometimes hitting them.


(END) Dow Jones Newswires

02-15-24 1615ET