OPEC+ Keeps Oil Curbs Despite Russia Price Cap
OPEC+ agreed to stick to its oil output targets two days after the Group of Seven nations agreed to a price cap on Russian oil, delegates said.
Attack on N.C. Substations Leaves 45,000 Without Electricity
Two substations were disabled by gunfire Saturday night, and Duke Energy says the outages could last days.
Chevron's Long Game in Venezuela Brings It Political Risk
Company's license to pump oil depends on progress toward free elections by the Maduro regime and its opponents.
Japan Looks to Build Buffer of Natural Gas in Case of Supply Crunch
Russia's move to decrease gas deliveries to Europe prompts Tokyo to rethink policy.
Russia to Rely on 'Shadow Fleet' of Oil Tankers
Whether the world's biggest crude exporter succeeds in skirting new harsh sanctions starting Monday depends on a non-Western aligned fleet.
G-7 Nations Agree to Cap Russian Oil at $60 a Barrel
The move came just hours after the European Union united behind the figure, as Western nations try to curb Moscow's ability to wage war in Ukraine by squeezing Russia's oil revenues while keeping global supplies steady.
Oil ends lower for the session, up for the week, ahead of OPEC+ meeting, EU ban on Russian oil
Oil futures end lower on Friday, but up for the week, ahead of Sunday's OPEC+ meeting and Monday's launch of a European Union ban on Russian crude imports.
Lack of Wind Pushes Europe's Power Prices Higher, Just as Cold Sets In
Falling wind speeds in Europe are pushing power and gas prices higher, underscoring the heightened vulnerability of the continent's energy system to weather conditions this winter.
Gas Prices Are Expected to Fall Even Further
The average cost of fuel in the U.S. has fallen more than 30% from a record, with seven states below $3 a gallon.
Chinese Solar Manufacturers Dodged U.S. Tariffs
The preliminary Commerce Department findings are likely to accelerate importers' race to find other sources.
(END) Dow Jones Newswires
12-05-22 0015ET
