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Energy News Results

  • Oil slides over 3% on Russian price cap talks, U.S. gasoline build

    Oil prices fell more than 3% on Wednesday, continuing a streak of volatile trading, as the Group of Seven nations considered a price cap on Russian oil above the current market level and as gasoline inventories in the United States built by more than analysts' expected. Brent futures for January delivery fell $2.95, or 3.3%, to settle at $85.41 a barrel.

  • Holiday schedule for major U.S. economic, other data

    The Thanksgiving Day federal holiday on Thursday, Nov. 24 will affect the release schedule of some major economic, energy and commodities reports from Washington during the latter half of the Nov. 20 week. Times in EST/GMT. Tuesday, November 22. Treasury Dept. sells 7-year notes, 1300/1800. USDA issues monthly Cold Storage, 1500/2000.

  • BRIEF-U.S. envoy says oil prices still a bit high -CNBC

    * U.S. ENERGY ENVOY HOCHSTEIN: OIL PRICES STILL A BIT HIGHER THAN THEY SHOULD BE -CNBC INTERVIEW. * HOCHSTEIN: WILL BE OPPORTUNISTIC ON SPR, WILL LOOK TO IMMEDIATELY REPURCHASE OIL WHEN PRICES ARE IN $70 PER BARREL RANGE -CNBC Source text for Eikon: https://cnb.cx/3EuP6LX.

  • Deals of the day-Mergers and acquisitions

    The following bids, mergers, ** Agricultural commodities trader Bunge Ltd (BG) has agreed to buy 49% of French company BZ Group, with the Beuzelin family keeping the remaining 51% majority stake, the companies said. ** Enel plans asset sales worth 21 billion euros to reduce net debt and focus its transition to cleaner energy in six core countries, the Italian utility said.

  • U.S. natgas gains 4% on colder forecast, expected Freeport LNG return

    U.S. natural gas futures gained about 4% to a two-week high on Monday on forecasts for colder weather and stronger heating demand this week than previously expected.

  • Exxon says Britain's Fawley oil refinery unaffected by strike

    - Exxon Mobil (XOM) said on Monday that its 390,000 barrel per day Fawley oil refinery in southern England is unaffected by strike action. "Operations at Fawley are unaffected and we do not anticipate any impact on fuel supplies to customers," an Exxon Mobil (XOM) spokesperson said. The UK's GMB Union voted earlier this month to strike on Nov. 21 to Dec 2. over pay.

  • EUROPE POWER-Prompt prices buckle under weight of wind supply

    European day-ahead electricity prices dropped on Monday from levels paid for delivery on that day because of higher wind power supply forecasts and generally mild temperatures that capped demand rises. German Tuesday delivery baseload traded at 193 euros per megawatt hour at 1000 GMT, losing 4% from the price that had been paid for Monday.

  • Oil prices rebound from early dive as reports vary on OPEC+ output

    * Saudi Arabia and other OPEC producers eye output increase -WSJ. * Saudi state news agency says kingdom was not discussing boost. * Chinese demand fears and strong dollar also weigh on prices. By Laila Kearney.

  • Oil rebounds from early plunge after Saudis deny OPEC+ output report

    Oil prices rebounded from early losses on Monday after Saudi Arabia denied a report it was discussing an increase in oil supply with OPEC and its allies. Brent crude futures for January settled at $87.45, shedding 17 cents. The more active January contract was down 7 cents at $80.04 a barrel.

  • Oil dips near 2-month lows as supply concerns ease

    Oil prices hovered near two-month lows on Monday as supply fears receded while concerns over China's fuel demand and rising interest rates weighed on prices. Brent crude futures for January had slipped 28 cents, or 0.3%, to $87.34 a barrel by 0103 GMT after settling at their lowest since Sept. 27.

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