Oil prices steady, on pace for weekly gains amid escalating Middle East tensions

Oil futures were little changed on Friday morning, with the Brent and WTI prices on track for weekly gains after escalating Middle East tensions contributed to a significant rise in the prices of crude-oil benchmarks. 


 
Stricter Soot Limits Will Save Up to $46 Billion in Healthcare Costs, Federal Officials Say

The new EPA air-pollution rule is another blow to the coal industry. 


 
Dutch Pension Fund Sells Major Oil Stakes in $3 Billion Energy Divestment

PFZW says it sold its shares in Shell, BP and TotalEnergies as the companies have made 'insufficient steps' in the transition to cleaner fuel. 


 
How the Rockefellers and Billionaire Donors Pressed Biden on LNG Exports

The president's decision to halt new export terminals follows a campaign by environmental groups funded by wealthy contributors. 


 
Big Oil's Got a New Buzzword

Oil companies want to signal they will still make money from fossil fuels, while taking a flexible approach to the energy transition. 


 
Energy & Utilities Roundup: Market Talk

Find insights on Sasol, APA, Beach Energy, and more in the latest Market Talks covering Energy and Utilities. 


 
Aker Lifts Payout After Strong Fourth Quarter

Aker Solutions raised its dividend and launched a share-buyback, after it posted above-forecast earnings in the fourth quarter, boosted by the recent closing of a subsea joint venture. 


 
AGL Energy Narrows Annual Profit Guidance

The company also expects a full-year underlying net profit of A$680 million-A$780 million, representing a tighter range than before. 


 
U.S. Oil Inventories Rose, Products Fell in Week Ended Feb. 2

U.S. oil inventories grew by 5.5 million barrels last week, beating analyst expectations for a gain of 1.3 million barrels. 


 
Europe's Green Agenda Collides With Geopolitical, Economic Reality

The EU has rolled out a raft of new regulations, taxes and investment programs, but some business groups and politicians say the climate agenda is out of step with more urgent problems.


(END) Dow Jones Newswires

02-09-24 1615ET