Senate Climate Bill Is a Boon for Fossil Fuels
The $369 billion measure has tax incentives to spur clean energy, but also guarantees for oil and gas drilling in what Sen. Joe Manchin calls an "all-in energy policy."
Brent oil scores back-to-back gains, while U.S. benchmark ends lower on recession worries
Oil futures settled on a mixed note Thursday, with global benchmark Brent crude prices notching a modest gain, but U.S. benchmark West Texas Intermediate crude giving up early gains to finish lower as U.S. economic data raised worries about a recession.
Saudi Crown Prince Visits Paris, With Oil on the Agenda
French President Emmanuel Macron has led moves to bring the Saudi leader back into the fold after the killing of Jamal Khashoggi.
Oil Refiners Won't Crack in a Recession
Oil refiners are pulling in record profits today, but recession fears are muddying their outlook.
Natural Gas Ends Lower Despite Bullish EIA Report
Natural gas prices in the U.S. dropped 4.9% to finish at $8.134/mmBtu even after the release of a seemingly price-supportive weekly report on U.S. gas inventories.
Oil Giant Shell Isn't Letting the Cash Go to Its Head
The European supermajor is keeping its capital discipline even in the face of record earnings and sky-high prices.
Europe's Heat Waves Force Shift Back to Coal and Natural Gas
High temperatures and low rainfall in Europe are boosting demand for power but they also make it more difficult to generate, just as the continent tries to cut back its dependence on Russian natural-gas supplies.
Energy & Utilities Roundup: Market Talk
Find insight on Southern Co, the latest on natural gas prices, and more, in the latest Market Talks covering Energy and Utilities
Manchin Reaches Deal With Schumer on Energy, Healthcare, Tax Package
The announcement comes after the West Virginia senator blocked earlier legislation over inflation fears.
U.S. Oil and Fuel Inventories Fall Sharply
Oil supplies fell by 4.5 million barrels, to 422.1 million barrels, about 6% below the five-year average, the EIA said. Analysts surveyed by The Wall Street Journal predicted crude stockpiles would fall by 700,000 barrels from the prior week.
(END) Dow Jones Newswires