U.S. oil prices nudge higher, attempting to shake off rise in U.S. crude inventories
U.S. oil futures attempt to shake off weakness tied to a rise in crude inventories.
U.S. Natural Gas Futures Fall
Natural gas futures fell, with the market watching for the EIA's storage report for last week, which is expected to show a below-average draw from inventories.
Oil Inches Lower on U.S. Crude Stocks Buildup
Oil prices slipped on concerns over reduced demand following a larger-than-expected build in U.S. crude stockpiles and ahead of key U.S. inflation data.
Frackers Are Now Drilling for Clean Power
Oil-and-gas companies are accelerating investments in geothermal energy, betting the technologies that fueled the shale revolution can turn the budding industry into a large producer of clean power.
Energy & Utilities Roundup: Market Talk
Carnarvon Energy, Meridian Energy and more in the latest Market Talks covering Energy and Utilities.
U.S. Crude Oil Stocks Rose by 4.2 Million Barrels Last Week
U.S. crude oil inventories rose by 4.2 million barrels last week, surpassing estimates for a rise of 1.5 million barrels.
Uniper Warns on Earnings, Blames Lower Prices
Uniper returned to profitability last year but said it expected lower earnings in 2024 due to likely lower energy prices.
Chevron's $53 Billion Deal for Hess in Jeopardy on Possible Exxon Challenge
The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off Guyana's coast.
Woodside Energy Annual Net Profit Falls 74%, Payout Ratio Steady
Woodside Energy reported a 74% fall in annual net profit, in large part driven by impairing assets in the U.S. Gulf of Mexico and Australia.
Natural Gas Hasn't Been This Cheap in Decades
The lowest inflation-adjusted prices in at least 34 years have drillers throttling down from record production.
(END) Dow Jones Newswires
02-29-24 1115ET
