Oil logs 4% weekly rise as omicron jitters fade

Oil futures rise for a third straight session Thursday, ending a holiday-shortened week with gains as worries over omicron's effect on demand faded. 


 
Natural Gas Ends Sharply Lower on Storage Data

Natural gas prices finished 6.2% lower at $3.731/mmBtu after a bearish weekly EIA report that highlighted the warm weather that's caused gas demand to shrink. 


 
ExxonMobil Battles Fire at Baytown, Texas, Refinery

Four people were injured in what law-enforcement officials called a major industrial accident. 


 
U.S. Oil-Rig Count Rises in Latest Week

The number of rigs drilling for oil in the U.S. rose by five in the latest week to 480, according to oil-field services company Baker Hughes. 


 
U.S. Oil Inventories Fall, Gasoline Stockpiles Rise

U.S. crude-oil inventories declined by 4.7 million barrels last week -- much more than analysts expected -- but gasoline inventories surged by 5.5 million barrels, data from the Energy Information Administration showed. 


 
Confronting Inflation, Biden Administration Turns to Oil Industry It Once Shunned

The administration has been calling for more output to rein in gasoline prices, but producers say its climate-change focus is a brake on more drilling. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Limetree Bay Refining Gets Approval for $62 Million Bankruptcy Sale to New Buyers

Limetree Bay Refining received approval from a bankruptcy judge to sell its refining operations for $62 million to a pair of Caribbean oil companies that plan to restart the U.S. Virgin Islands-based refinery despite two bankruptcies in under 10 years and a long history of pollution. 


 
U.S. Sees Russian Gas Pipeline as Leverage in Ukraine Crisis, but Needs German Help

The Biden administration wants assurances that Berlin won't let Nord Stream 2 start to operate during Moscow's military pressure campaign. 


 
Aker BP to Buy Lundin's Oil and Gas Assets

Aker BP said it will buy the oil-and-gas business of Lundin Energy, valued at almost $14 billion, to create the largest listed oil-and-gas company focused purely on the Norwegian Continental Shelf.

(END) Dow Jones Newswires

12-24-21 0015ET