European Energy Ministers Clash Over Gas-Price Cap
Officials failed to reach an agreement on Thursday in the latest attempt to hash out next steps in responding to Europe's energy crisis.
EU Fails to Reach Agreement on G-7's Price Cap for Russian Oil
Discussions are expected to continue Thursday, with European Union countries split over the price-cap level.
Oil price sinks as talks continue over Russia price-cap plan
Oil futures traded lower Wednesday as investors kept tabs on Group of Seven talks on a price cap for Russian oil.
U.S. Oil Inventories Fall, But Fuel Supplies Surge
U.S. commercial inventories of crude oil declined more than expected, but stockpiles of gasoline and diesel fuels rose sharply. Oil supplies dropped by 3.7 million barrels, to 431.7 million barrels, compared with analysts' expectations for a decline of 800,000 barrels from the prior week.
U.S. Poised to Grant Chevron License to Pump Oil in Venezuela
The move would come just as Western sanctions on Russia threaten to tighten global supplies.
Natural Gas Ends Sharply Higher on Weather, Storage
Natural gas prices jumped 7.8% to finish at $7.308/mmBtu, marking the first time the market has closed above $7 since Sept. 22.
U.N. Climate Summit Defers Key Carbon-Credit Policy Decisions
The market is viewed as a crucial tool in using private capital to fund the global economy's shift away from fossil fuels.
Oil-Shipping Costs Soar as Ukraine War Reshapes Global Trade
Tankers are spending more time on the water after the Russia-Europe energy breakup.
Endesa Outlines Earnings, Dividend Targets
Endesa forecast average annual earnings growth of around 8% from next year until 2025, and said it would pay a dividend each year equivalent to 70% of its net ordinary profit.
Energy & Utilities Roundup: Market Talk
Find insight on United Utilities Group, natural gas prices, oil prices and more in the latest Market Talks covering Energy and Utilities.
(END) Dow Jones Newswires
11-25-22 0015ET
