Energy News Results

  • Oil falls around 3% as investors eye U.S. Fed rate hikes

    * Powell says Fed 'strongly committed' to bringing down inflation. * Biden asks Congress to pause gasoline tax to help lower prices. * U.S. energy secretary to meet oil company CEOs on Thursday. * POLL-U.S. crude, gasoline inventories likely fell last week. * Coming Up: Weekly API inventory data at 4:30 p.m. ET/2030 GMT. By Stephanie Kelly.

  • Oil falls around 3% as investors eye U.S. Fed rate hikes

    Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures fell $2.91, or 2.5%, to settle at $111.74 a barrel. U.S. West Texas Intermediate fell $3.33, or 3%, to settle at $106.19 a barrel.

  • Oil prices slide as Biden pushes for U.S. fuel cost cuts

    Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand.

  • U.S. natgas futures fall 2% on forecasts for less demand

    U.S. natural gas futures fell about 2% to an eight-week low on Tuesday on forecasts for less demand over the next two weeks than previously projected and expectations the Texas Freeport liquefied ...

  • U.S. natgas futures fall 4% on forecasts for less demand

    U.S. natural gas futures fell about 4% to an eight-week low on Tuesday on forecasts for less demand over the next two weeks than previously projected and expectations Texas Freeport liquefied natural ...

  • Oil ticks higher on strong demand, tight supply

    * Exxon Mobil CEO expects tight oil market to last years. * U.S. energy secretary to meet with oil CEOs on Thursday. * Biden weighs gasoline tax holiday. * EU leaders to keep sanction pressure on Russia. By Arathy Somasekhar. Oil prices edged up on Tuesday on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine.

  • Oil ticks higher on strong demand, tight supply

    Oil prices edged up on Tuesday on high summer fuel demand while supplies remained tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude futures settled 52 cents, or 0.5%, higher at $114.65 a barrel. Both benchmarks posted a weekly loss last week.

  • Oil rises on market caution over supply concerns

    Oil prices rose 1% in early trade on Tuesday, clawing back more of last week's losses as the focus returned to tight supply of crude and fuel products versus concerns about a recession hitting demand down the track. Brent crude futures rose $1.32, or 1.2%, to $115.45 a barrel at 0040 GMT, adding to a 0.9% gain on Monday.

  • United Airlines expects fuel prices to stay high over long-term, says CEO

    United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based on current prices the airline's fuel bill would total $12 billion this year.

  • United Airlines expects fuel prices to stay high over long-term, says CEO

    United Airlines expects fuel prices to stay high in the long-term, its chief executive said on Monday. Scott Kirby, speaking to reporters in Doha, also said that based on current prices the airline's fuel bill would total $12 billion this year.

Search News

Filter Results

Publication Date
Topic
Provider

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.