Oil prices end higher as the U.S. announces new sanctions on Iran

Oil futures climb on Thursday, shaking off early losses from economic growth worries in the wake of the Federal Reserve's latest interest-rate hike, to finish higher after the U.S. announced new economic sanctions on Iran. 


 
Natural Gas Steady After Near-Forecast Storage Rise

Natural gas prices ended the session relatively little changed from where they began, closing 0.6% higher at $7.464/mmBtu after a weekly EIA storage report came in close to analysts' expectations. 


 
Russia Slashes Gas Flows, Aiming Economic Weapon at Europe

Moscow's move to slash natural-gas exports to Europe has pitched the continent's energy crisis into a dangerous new phase. 


 
Colombia Election Weighs on Future of Oil Sector

Both candidates on Sunday's presidential ballot oppose fracking, while state company Ecopetrol is looking to try the practice to bolster dwindling reserves. 


 
Central Bankers Could Derail the Rally in Oil and Gas

Supply problems are feeding expectations that commodity prices will go higher, but rising interest rates are an important counterweight. 


 
How Germany Took Over Russia's Vast Gas-Trading Empire

A reluctant steward, Berlin is now racing against the clock to save Russian gas giant Gazprom's global trading activities and sell them, all while securing its own supply. 


 
BHP Scraps Immediate Thermal-Coal Exit

The mining company said it failed to find a buyer for the Mt Arthur mine, one of Australia's biggest coal operations, and it would aim to close the pit in 2030. 


 
Energy Price Surge Threatens U.N. Climate Pledge

A United Nations agreement to accelerate greenhouse gas cuts this year has stalled, according to some negotiators, as most of the world's biggest emitters have done little to follow through on the deal since it was struck seven months ago at the climate summit in Glasgow, Scotland. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Biden Pushes Fuel Makers to Boost Capacity, Criticizes Profits

Facing pressure to act on gasoline prices that are above $5 a gallon and helping drive up inflation, the president said he is ready to use emergency measures to raise output if necessary.


(END) Dow Jones Newswires

06-17-22 0015ET