Oil Futures Jump as Middle East Escalation Raises Supply Worries
Crude oil prices rose to new multimonth highs, with Brent and WTI futures settling above $100 a barrel as escalating attacks on Middle East shipping and renewed Houthi strikes on Saudi Arabia increased concerns about supply from the region.
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U.S. Crude Oil Stockpiles Fall, Production Hits Record
Commercial crude oil stocks fell by 391,000 barrels last week. Analysts had expected crude stocks to fall by 1.4 million barrels.
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Why Baker Hughes Stock Is Having Its Worst Day in More Than a Year
Baker Hughes stock falls as the addition of a key acquisition to the company's outlook didn't impress Wall Street.
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Saudi Oil Output Slumps as Iran War, Houthi Threats Disrupt Vital Export Routes
Saudi Arabia's oil production plunged last month as threats by Iran-backed Houthi rebels disrupted exports from the kingdom's west coast, at a time when shipments through the Strait of Hormuz waterway in the Persian Gulf remain constrained.
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U.S. Natural Gas Futures Edge Higher
U.S. natural gas futures settled modestly higher after the EIA reported a fourth straight below-average weekly storage build, although the 40 Bcf injection landed above market expectations.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, Saudi Aramco, TotalEnergies and more in the latest Market Talks covering Energy and Utilities.
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The High-Stakes Gamble Playing Out in the Natural-Gas Market
Europe has stockpiled only enough natural gas to get through a mild winter.
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Fortum Jumps on Google Nuclear Power Agreement
Shares jumped after the Nordic energy company signed a deal with Google to power data centers in Finland.
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Texas Stock Exchange Is Close to Winning Its First Major Listing From New York
Kelcy Warren's Energy Transfer is preparing to move its primary listing to the nascent exchange.
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Trump-Backed Pipeline Into New York Blocked by Court
A federal appeals court blocked the Northeast Supply Enhancement natural gas pipeline project into New York City.
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Holtec Launches One of the Largest Nuclear IPOs Yet
Holtec Nuclear is seeking to raise about $900 million as it prepares to restart the Palisades nuclear plant and expand into small modular reactors.
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Tamarack Valley to Merge With Headwater Exploration in Over $7.24 Billion Deal
The acquisition combines Headwater's low-cost production footprint with Tamarack's asset base, bringing together more than 1,500 sections of contiguous land across northern Alberta.