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Energy News Results

  • Oil rises as slowing U.S. inflation eases recession concerns

    -Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world's largest oil user may face a recession because of further interest rate hikes and a weaker dollar supported some buying interest. Brent crude futures gained 32 cents, or 0.4%, to $85.78 a barrel at 0407 GMT.

  • Oil rises as U.S. recession fears ease and dollar slips

    Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world's largest oil user may face a recession because of further interest rate hikes.

  • W. Africa Crude-Flurry of deals and tenders after Chinese New Year holiday

    Activity picked up on Tuesday with a flurry of deals and tenders after a demand slowdown last week due to Chinese New Year festivities. ANGOLA. * Angola's state firm Sonangol sold two of its spot March cargoes. * Sonangol was still said to be offering a cargo of Girassol at dated Brent plus $1.70. * BP sold a cargo of early March loading Saturno to Unipec on Monday.

  • U.S. natgas holds at 21-month low as output drop offsets falling demand

    U.S. natural gas futures held near a 21-month low on Tuesday, keeping the contract on track for its second-biggest monthly drop in history, as a decline in output from this week's extreme cold ...

  • Oil prices settle steady on higher U.S. demand, weaker dollar

    Oil prices closed steady on Tuesday after recovering from a near three-week low, drawing support from a weakening dollar and on data showing that demand for U.S. crude and petroleum products rose in November.

  • Oil steadies after falling on rate hike worries, Russian crude flows

    * OPEC+ seen sticking with oil output policy at Feb. 1 meeting. * Russian oil supply appears to remain strong. * Investors watch for central bank rate hikes. By Laila Kearney. Oil prices steadied in early Asian trade on Tuesday after falling by more than 2% in the previous session on the threat of further interest rate hikes and continued Russian crude flows.

  • U.S. natgas drops 6% to 21-month low on milder weather forecasts

    U.S. natural gas futures dropped about 6% to a 21-month low on Monday on milder weather forecasts that should cut expected heating demand through the middle of February.

  • W. Africa Crude-Nigerian offers rise on European refining margins

    Offers for Nigerian and other lighter crude grades kept inching higher on Monday as European refining margins for gasoline neared three-month highs. * More frequent tendering from South Asia after a wane earlier in the month and December was also supporting differentials, traders said.

  • Oil falls 2% as rate hikes loom and Russian flows stay strong

    Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained strong. Investors expect the U.S. Federal Reserve to raise rates by 25 basis points on Wednesday, followed the day after by half-point increases by the Bank of England and European Central Bank.

  • Jet fuel prices up as demand jumps, refinery outages limit supply

    - Jet fuel prices have risen to levels never recorded in January as demand from China's lifting of COVID-19 travel restrictions and U.S. refinery outages, with the surge likely to continue, analysts and refining executives say. Chinese flight activity has more than tripled since early December to more than an average of 10,700 flights per day, according to data from flight tracking firm Airportia.

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