Oil prices post a loss for the month, but log strong first-half gains
Oil futures fell on Thursday, as a weekly increase in U.S. gasoline and distillate supplies raise worries over the demand outlook and major oil producers pledge to boost production in August, as expected.
Natural Gas Posts Biggest Decline Since 2003
Natural gas prices plunged 16.53% to finish at $5.424/mmBtu, marking the biggest one-day percentage decline since Feb. 27, 2003.
Bankrupt Texas Co-Op Brazos Nears Deal to Resolve $1.9 Billion Power Bill
Brazos Electric Power Cooperative said it reached a tentative agreement to resolve the $1.9 billion power bill that drove it into chapter 11 after electricity prices skyrocketed during a winter storm that blanketed Texas last year.
OPEC, Allies Agree to Boost Output Ahead of Biden's Saudi Visit
OPEC and its allies agreed to boost oil production, endorsing a plan they announced earlier this month that has done little to alleviate concerns over supply ahead of President Biden's visit to Saudi Arabia in July.
Supreme Court Puts Brakes on EPA in Far-Reaching Decision
The high court curtailed the EPA's powers to restrict greenhouse-gas emissions from power plants, in a decision that could limit the authority of government agencies to address major policy questions without congressional approval.
Growth Fears Challenge Soaring Oil Prices
War, the pandemic and global supply problems held oil prices near their highest levels in almost a decade this past quarter. Slowing growth may be the biggest threat to the rally.
Russian Gas Cuts Push Uniper Into Bailout Talks
The German utility, one of Europe's largest, said earnings would be hit hard after Russia's Gazprom slashed natural-gas deliveries via the Nord Stream pipeline.
Energy & Utilities Roundup: Market Talk
Find insight on natural gas prices, the Supreme Court's ruling on the EPA, and more in the latest Market Talks covering the Energy and Utilities sector.
Iran-U.S. Nuclear Talks End Without Progress
Efforts to restore the 2015 nuclear deal face an uncertain future, with no fresh date set for negotiations to continue.
Exxon to Sell Canadian Shale Gas Assets
The roughly $1.5 billion deal marks Exxon's exit from a region rich in natural gas but stunted by a lack of pipelines and infrastructure.
(END) Dow Jones Newswires