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Energy News Results

  • Korea Zinc and Trafigura in talks over smelter venture

    Korean Zinc and commodities trader Trafigura are in advanced talks to form a joint venture to build a nickel smelter as part of the Korean company's expansion in renewable energy, batteries and resource recyling, they said late on Wednesday. Nickel is one of the key materials used to make electric vehicle batteries.

  • Oil muted as price cap proposal eases supply concerns

    -Benchmark Brent oil edged lower on Thursday while West Texas Intermediate crude held steady, hovering in sight of two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.

  • U.S. natgas futures up 8% on colder weather forecasts

    U.S. natural gas futures jumped about 8% to a two-month high on the Wednesday before the Thanksgiving Day holiday on forecasts for much colder weather and higher heating demand over the next two ...

  • U.S. natgas up 11% on colder weather forecasts; storage report awaited

    U.S. natural gas futures jumped about 11% to a two-month high on the Wednesday before the Thanksgiving Day holiday on forecasts for much colder weather and higher heating demand over the next two ...

  • 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.

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