Oil prices pull back after boost from U.S. inventory data
Oil futures consolidate after getting a boost from a big drop in gasoline and distillate inventories.
U.S. Natural Gas Futures Steady Ahead of Weekly Storage Data
Natural gas futures were treading water as the market looked toward the EIA's weekly storage report.
Xcel Energy Review Shows Texas Wildfires May Have Started at Its Facilities
Xcel Energy said Thursday that it believes its own facilities have been involved in starting massive wildfires still raging in the state of Texas.
Exxon Files for Arbitration Over Chevron's Deal for Hess
Dispute involving a stake in an oil project in Guyana intensifies, threatening to scuttle Chevron's $53 billion deal to buy Hess.
Energy & Utilities Roundup: Market Talk
Tullow Oil, Enbridge and more in the latest Market Talks covering Energy and Utilities.
U.S. Crude Oil Stocks Rose by 1.4 Million Barrels Last Week
U.S. crude oil inventories rose by 1.4 million barrels, edging out expectations for a rise of 1.3 million barrels.
GE Spinoff Vernova Predicts Doubling of Electricity Production
Power-generation firm GE Vernova provided some guidance to investors and analysts. Jefferies analyst Sheila Kahyaoglu reckons each share is worth about $112.
Tullow Oil Profit Plunges
Tullow Oil reported a 78% fall in profit for 2023, hit by impairments and write-offs totaling $435 million, but backed its output guidance for the year ahead.
Chevron Plant Closures Show Clean Fuel's Tough Economics
The biodiesel business has been hurt by falling prices for government-controlled credits.
Saudi-Led Oil Producing Nations Extend Output Cuts
Saudi Arabia, United Arab Emirates, Kuwait, and Algeria all decided to extend their voluntary production cuts through the end of June, instead of easing them at the end of March.
(END) Dow Jones Newswires
03-07-24 1115ET
