Energy News Results

  • Oil futures finish lower after posting 2 consecutive weekly gains

    Oil futures fell on Monday, pulling back after posting gains in each of the last two weeks as traders monitored developments tied to a potential U.S.-China trade deal. Monthly data from the Energy Information Administration Monday showed expectations for a continued rise in U.S. shale oil production. It's forecast to climb by 49,000 barrels a day in December from November to 9.133 million barrels a day, the EIA said.

  • Oil ends lower amid lack of China trade progress trade; Natural-gas prices skid to November nadir

    By Myra P. Saefong and William Watts, MarketWatch. Natural-gas futures fall by more than 4%. Oil futures settled lower on Monday, after posting back-to-back weekly gains on rising hope for a so-called phase-one U.S.-China trade deal.

  • Natural-Gas Prices Fall on Milder Weather

    The price of natural gas fell Monday, weighed down by expectations for milder weather in parts of the U.S. Natural-gas futures tumbled 4.5% to $2.566 per million British thermal units amid predictions of moderating temperatures next week, after a frigid start to November drove prices up earlier this month. Since demand for natural gas tends to climb when people use their heaters in the winter and air conditioners in the summer, changes in weather forecasts can precipitate price...

  • *Oil futures settle lower following 2 consecutive weekly gains

    (END) Dow Jones Newswires 11-18-19 1437 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Natural-Gas Prices Fall on Milder Weather

    The price of natural gas fell Monday, weighed down by expectations for milder weather in parts of the U.S. Natural-gas futures tumbled 3.3% to $2.599 per million British thermal units amid predictions of moderating temperatures next week, after a frigid start to November drove prices up earlier this month. Since demand for natural gas tends to climb when people use their heaters in the winter and air conditioners in the summer, changes in weather forecasts can precipitate price...

  • Saudi's Sept crude oil exports fall 3% after attacks

    Saudi Arabia's crude oil exports in September fell by 3% to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Drone and missile attacks on Sept. 14 on two plants at the heart of Saudi Arabia's oil industry - Abqaiq and Khurais - temporarily knocked out more than half the Kingdom's output.

  • Saudi crude oil exports fall to 6.67 mln bpd in September -JODI

    Saudi Arabia's crude oil exports in September fell to 6.67 million barrels per day from 6.88 million bpd in August, official data showed on Monday. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures to the Joint Organizations Data Initiative, which publishes them on its website.

  • U.S. Oil Production Bucks Drilling Slowdown, Keeps Crude Prices in Check -- Update

    Drillers are laying down rigs, hydraulic-fracturing equipment sits idle and U.S. energy producers are promising fiscal restraint. Yet domestic oil production keeps rising-- a riddle that has flummoxed traders and kept oil prices trading in a narrow band in recent weeks. On Friday, West Texas Intermediate futures for December delivery traded up 0.8% to $57.72 a barrel on the New York Mercantile Exchange.

  • Oil futures settle higher to tally a 0.8% gain for the week

    Oil futures rose on Friday to notch a gain of 0.8% for the week, with optimism surrounding a potential phase one of a U.S.-China trade deal offering support for prices, even as some signs point to a more ample supply outlook. Weekly data from Baker Hughes (BKR), meanwhile, revealed a fourth straight decline in the number of active U.S. oil drilling rigs, implying a slowdown in production activity. December West Texas Intermediate oil rose 95 cents, or 1.7%, to settle at$ 57.72 a barrel on the New...

  • Oil moves up on trade deal optimism to settle higher for the week

    By Myra P. Saefong and William Watts, MarketWatch. Oil prices shake off earlier pressure from signs of ample supplies. Oil futures climbed on Friday to tally a gain for the week, with optimism over phase one of a potential U.S.-China trade deal lifting prospects for energy demand, even as traders weigh a conflicting outlook for crude supplies.

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