Oil prices end lower despite escalating Red Sea tensions, Maersk shipping pause
Oil prices fall, with traders looking past rising tensions in Red Sea.
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets
Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas production assets in the Gulf of Mexico.
Avangrid Ends Deal With PNM Resources
Iberdrola's U.S. business, Avangrid, has ended a merger agreement with PNM Resources after rejecting the latest bid to extend the $4.3 billion deal reached in October 2020.
Energy & Utilities Roundup: Market Talk
Gain insight on energy earnings, Cenovus Energy, oil-price moves and more in the latest Market Talks from the Energy and Utilities sectors.
Shale Is Keeping the World Awash With Oil as Conflicts Abound
The shipping crisis in the Red Sea is expected to raise consumer prices. But it has had little impact on energy prices, largely because of surging supplies from U.S. frackers.
Meet America's Newest Oil-Trader Extraordinaire: Joe Biden
President Biden's 2022 release of oil from America's petroleum reserves turned the White House into an active player in the volatile crude market.
Oil Prices Headed for 10% Drop in 2023. What's Next for the Energy Market.
Oil prices were rising slightly on the last trading day of the year, but are still set to end 2023 in the red. That could hurt earnings for energy companies in 2024.
Why Oil Prices Never Surged to $100 This Year
Prices defied expectations but could prove more volatile in 2024.
Why Europe's Oil Majors Beat Exxon and Chevron in 2023
BP, Shell, and TotalEnergies have been taking some cues from the American oil playbook.
A Fracker Tries to Produce 'Guilt-Free' Gas
BKV, a natural-gas producer, says it will bury enough carbon dioxide to offset emissions generated in making and burning its gas. Can it?
(END) Dow Jones Newswires
01-03-24 0015ET
