Today: September 17, 2024
Today: September 17, 2024

Latest From Nicole Jao

Business|Economy|Finance

Oil settles down 2%, big weekly drop after US jobs data

Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a

Oil settles down 2%, big weekly drop after US jobs data
Business|News

Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate

Marathon Petroleum has been unwilling to negotiate with union members at its Detroit refinery since more than 200 workers went on strike, Teamsters said on Thursday,

Teamsters could extend strike to other Marathon refineries as Detroit negotiations stagnate
Business|Economy|Finance|Stock Markets

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses

Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped

Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses
Business|Economy|Environment|News

US West Coast refiners still waiting for TMX margin boost

Canada's expanded Trans Mountain (TMX) oil pipeline, which commenced commercial operations in May, so far has had little impact on crude costs at refineries on the

US West Coast refiners still waiting for TMX margin boost
Business|Finance|News

US oil, gas M&A activity jumped 57% last year amid industry consolidation

Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by

US oil, gas M&A activity jumped 57% last year amid industry consolidation
Business|Economy|Finance|Stock Markets

Oil posts 3% weekly gains on positive economic data, rate cut hopes

Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut

Business|Finance

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows

Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows
Economy|MidEast|News

Oil gains nearly 3% on rising Mideast tension, falling US crude stockpiles

Oil prices rose nearly 3% on Wednesday as investors worried the conflict in the Middle East could widen after the killing of a Hamas leader in Iran, and after a sharp

Oil gains nearly 3% on rising Mideast tension, falling US crude stockpiles
Business|Economy|Finance

US refiners' Q2 profits fall on low margins, soft fuel demand

U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins,

US refiners' Q2 profits fall on low margins, soft fuel demand
Business|Economy

Oil prices rise on deep weekly draw in US crude inventories

Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories

Oil prices rise on deep weekly draw in US crude inventories
Economy

Oil eases on weak US fuel demand, profit taking

Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the

Oil eases on weak US fuel demand, profit taking
Business

Wind, solar to lead US power generation growth over next 2 years, EIA says

Wind and solar are set to lead U.S. power generation growth for the next two years following new renewable energy instillations, Energy Information Administration (

Wind, solar to lead US power generation growth over next 2 years, EIA says
Business

SolarEdge sees moderate growth in U.S. solar industry this year

The U.S. solar industry will experience modest growth in 2024, as electricity prices decline and support from the Inflation Reduction Act (IRA) rolls in, SolarEdge

SolarEdge sees moderate growth in U.S. solar industry this year
Economy

Oil slips for a third straight day on prospect of US rates staying high

Oil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about oil demand when they indicated interest rate

Oil slips for a third straight day on prospect of US rates staying high
Business|Economy

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened

US refiners reward shareholders with big returns despite softer Q1 profits
Economy

Oil prices slip as Angola decides to exit OPEC

Oil prices settled lower on Thursday after Angola said it would exit the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the

Oil prices slip as Angola decides to exit OPEC
Economy

Oil falls more than 4% after US inflation data

Oil prices fell more than 4% on Tuesday to their lowest level in six months on concern of oversupply and after U.S. economic data showed an unexpected rise in

Oil falls more than 4% after US inflation data
Economy

Oil edges lower in choppy trade as OPEC+ delays meeting

Oil prices fell nearly 1% in a volatile session on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts, raising questions about global

Oil edges lower in choppy trade as OPEC+ delays meeting
Economy

Oil steadies as demand fears counter Middle East conflict

Oil prices were little changed on Wednesday after an increase in U.S. crude stockpiles and demand worries stemming from gloomy economic prospects in Europe offset

Oil steadies as demand fears counter Middle East conflict
Economy

Oil prices edge higher ahead of Biden Middle East trip

Oil prices edged higher on Tuesday as investors wait to see if U.S. diplomatic efforts and a trip by President Joe Biden to Israel will prevent the conflict in the

Oil prices edge higher ahead of Biden Middle East trip
Business|Economy

Oil dips on deflated US interest rate cut expectations, OPEC+ decision

Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered

Oil dips on deflated US interest rate cut expectations, OPEC+ decision
Economy|News

Oil gains 1% on hopes of firmer demand

Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the

Oil gains 1% on hopes of firmer demand
Business|Economy|News

US refiners' profits to fall from last year but margins remain strong

U.S refiners' first quarter profits are expected to fall from recent records, when earnings soared following Russia's invasion of Ukraine in 2022, but overall will

US refiners' profits to fall from last year but margins remain strong
News|World

Oil settles slightly higher as Iran plays down reported Israeli attack

Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of

Oil settles slightly higher as Iran plays down reported Israeli attack
News

California needs to triple pace of emissions cuts to meet 2030 goal, report says

California needs to triple its annual carbon emissions reductions to meet its 2030 target, a report by consulting firm Beacon Economics and San Francisco-based think

California needs to triple pace of emissions cuts to meet 2030 goal, report says

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