Energy News Results

  • Oil prices slide as supply concerns fade

    * Libya NOC declares force majeure on two major oilfields. * Anti-government unrest in Iraq resumes. * Graphic on Libya export: By Jessica Jaganathan. Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

  • Oil market shrugs off Libya crisis amid ample global supply

    Oil prices fell on Tuesday on expectations that a well-supplied global market, including supplies from growing record U.S. production, would be able to absorb disruptions that have cut Libya's crude production to a trickle. Brent futures fell 46 cents, or 0.7%, to $64.74 a barrel, by 12:45 p.m. EST.

  • Exxon sells March-April Russian Sokol crude cargoes at lower premiums - sources

    * Exxon Mobil Corp (XOM) has sold three of four Russian Sokol crude cargoes loading in March to early April at lower premiums via a tender, two trade sources said on Tuesday. * The cargoes were sold at premiums of $7.80 to $8.10 a barrel to Dubai quotes, they said. * The buyers were not immediately known.

  • Oil prices climb after production halt in Libya and Iraq unrest fears

    Oil prices climbed Monday, driven by a pair of worries on the supply front driven by unrest in Libya and Iraq. West Texas Intermediate crude futures for January delivery rose 59 cents, or 1%, to $59.17 a barrel. There will be no regular trading or settlements in New York for oil to mark the Martin Luther King Jr. holiday.

  • Oil rises as Libya declares force majeure in oilfields

    Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.

  • Teachers doused in jet fuel at California school sue Delta Air Lines

    Four Los Angeles-area schoolteachers who were doused with jet fuel dumped by a Delta Air Lines (DAL) plane in the minutes before it made an emergency landing sued the airline on Friday, accusing the flight crew of negligence.

  • Exxon to start loading first crude cargo from Guyana this weekend

    The first cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's (XOM) refining system, the company told Reuters on Friday. The tanker Yannis P, flagged by the Marshall Islands, arrived on Friday in Guyanese waters.

  • Natural-gas futures log lowest finish since 2016; oil prices post a second weekly decline

    Natural-gas futures fell Friday as ample U.S. supplies and forecasts for milder-than-normal weather in much of the nation pushed prices to their lowest finish since May 2016. Oil futures, meanwhile, ended slightly higher Friday, but marked a weekly decline for a second week. February natural gas lost 7.4 cents, or 3.6%, to settle at $2.003 per million British thermal units, with prices down about 9% for the week, according to FactSet data. February West Texas Intermediate oil added 2...

  • Oil futures suffer a second weekly decline

    By Myra P. Saefong and Mark DeCambre, MarketWatch. Natural-gas futures mark lowest settlement since 2016. Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal and Senate approval of the U.S.- Mexico-Canada trade pact this week.

  • Natural-gas futures drop to their lowest levels since 2016

    Natural-gas futures dropped on Friday, with ample U.S. supplies and forecasts for milder weather conditions sending prices to their lowest levels since May 2016.. "The losses come down to a lack of winter, notwithstanding the chill in the consuming regions presently," said Marshall Steeves, energy markets analyst at IHS Markit. In Friday dealings, the front-month February natural-gas futures contract fell 7.4 cents, or 3.6%, to settle at$ 2.003 per million British thermal units, for...

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