Oil futures settle higher on SPR talk; natural-gas prices end almost flat

Oil prices recoup on Thursday some of their recent losses from a larger-than-expected rise in U.S. crude inventories, after the Energy Department reportedly says it has no plans to release crude from its Strategic Petroleum Reserve. 


 
Natural-Gas Shortage Sets Off Scramble Ahead of Winter

Tankers are being diverted and manufacturers are slowing production as countries and businesses battle to secure supply, and energy prices have hit record levels. The resurgence in demand from economies bouncing back from the pandemic and other factors caught traders, shipowners and energy executives off guard. 


 
Natural Gas Closes Little Changed After EIA Report

Natural gas prices finished a choppy session virtually unchanged, up a tiny 0.04% at $5.677/mmBtu despite another bearish storage report and a further narrowing of a storage deficit. 


 
Puerto Rico's Power Authority Set to Declare State of Emergency

Prepa's announcement comes after widespread rolling blackouts. 


 
Royal Dutch Shell Warns of Hurricane Hit

Royal Dutch Shell said that Hurricane Ida's impact in the Gulf of Mexico hit its operations but it expects a cash boost from high global energy prices in the third quarter. 


 
Winter Forecast Is Cold Comfort for Natural-Gas Consumers

A closely watched forecast shows that the coming winter will be manageable for the U.S. natural-gas markets. That may not be enough to take the air out of natural-gas prices. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
U.S. Oil and Gasoline Inventories Rise Sharply

U.S. crude-oil and gasoline inventories rose by sizable amounts last week, and domestic oil production also increased, according to data from the Energy Information Administration. 


 
Coal Shortages Push Up Prices, Weigh on Economies

Ahead of next month's climate-change summit in Glasgow, a growing coal crunch is laying bare the challenges in weaning the planet off its most polluting fossil fuel. 


 
Google Rolls Out Emission-Curbing Tools for Nest Thermostat

The company says changing people's behavior around energy use will become crucial as more power comes from intermittent renewable energy sources.

(END) Dow Jones Newswires

10-08-21 0015ET