Oil prices settle higher with fear of an expansion of the Israel-Hamas war

Oil futures settle higher Thursday, shaking off earlier losses on the back of a U.S. agreement to ease sanctions on Venezuela, as traders remain concerned over the potential expansion of war in the Middle East. 


 
Pioneer CEO Signs Off With One Final Act: A Mega-Sale to Exxon

Scott Sheffield's $60 billion sale of Pioneer to Exxon hints at an uncertain future for U.S. frackers. 


 
Natural Gas Futures Fall for 7th Consecutive Session

Natural gas futures fell 3.2% to settle at $2.9570/mmBtu, marking a seventh-straight loss and the longest losing streak since February 2021. 


 
Analysts Expect 80 Billion Cubic-Foot Rise in U.S. Natural Gas Inventories

Government data are expected to show that U.S. natural gas inventories rose by 79.8 billion cubic feet in the latest week, according to a survey of analysts 


 
There's less to oil-price spike than meets the eye as Israel-Hamas war worries rise

Oil prices are volatile, but traders aren't panicking, despite rising fears of an escalation of Israel-Hamas war. 


 
U.S. Oil Inventories Fall as Production Remains at Record High

Crude-oil supplies fell by 4.5 million barrels last week to 419.7 million barrels, compared with analysts' expectations that stockpiles would rise by 400,000 barrel. 


 
Australia's Whitehaven to Buy Two BHP, Mitsubishi Coal Mines

Mining giant BHP Group and Japan's Mitsubishi have agreed to sell two jointly owned steelmaking coal mines in Australia to Whitehaven Coal for up to $4.1 billion in cash. 


 
Renewables Reminiscent of Shale Boom, Kimmeridge Leader Says

Private-equity firm Kimmeridge Energy Management is biding its time to expand investing in renewables while making big bets on oil and natural gas, a strategy reflecting co-founder Ben Dell's not-so-mainstream views. 


 
Energy & Utilities Roundup: Market Talk

Find insight on crude-oil prices, Shell, BP and more in the latest Market Talks covering Energy and Utilities. 


 
Chevron Australia LNG Workers Back Labor Deal, Suspend Industrial Action

Workers at two natural-gas facilities operated by Chevron in Australia have called off plans to restart industrial action after endorsing draft deals on pay and conditions.


(END) Dow Jones Newswires

10-20-23 0015ET