U.S. oil benchmark tops $85 a barrel, hits highest level since October as Middle East tensions escalate

The benchmark U.S. oil contract ended above $85 a barrel for the first time since October on fears of escalating geopolitical tensions. 


 
SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal

The oilfield services giant said it agreed to buy ChampionX in a move to expand its presence in the less cyclical production and recovery space. 


 
Natural Gas Pioneer Charif Souki Ordered to Pay $100 Million in Damages to Lenders

The ruling stems from disputes with lenders who seized Souki's assets, including his Colorado ranch, yacht and his shares in Tellurian, a Houston-based gas company he co-founded. 


 
Natural Gas Prices Go Negative in Texas. Who Wins and Loses.

Prices at the Waha hub have been negative since March 11, according to the U.S. Energy Information Administration. 


 
KKR Homes In on 'Growth-Infra' Climate Investments

The private-equity firm targets clean-energy businesses too big for growth stage and too small for traditional infrastructure investments. 


 
The Climate Scientist Fossil-Fuel Companies Can't Stand

Robert Howarth's research on natural gas exports influenced the White House and exasperated oil and gas executives. 


 
Biden Is Unlikely to Reimpose Oil Sanctions on Venezuela

Nicolás Maduro of Venezuela has barred presidential candidates, but U.S. officials worry that new penalties would raise gas prices in a U.S. election year 


 
Why Gasoline Prices Are Rising Faster Than Usual This Year

Fuel costs are once again driving inflation. Don't panic. 


 
Canada Had Designs on Being a Hydro Superpower. Now Its Rivers and Lakes Are Drying Up.

About 70% of the country is suffering from abnormally dry or drought conditions, forcing it to start up power plants fueled by gas or coal to meet mushrooming demand. 


 
PetroChina Posts Record Profit, but Revenue Misses Estimates

Chinese state-controlled oil company PetroChina said its annual profit rose to a record due to lower operating expenses, but revenue fell on weaker oil prices.


(END) Dow Jones Newswires

04-03-24 0715ET