A trader works on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need … Read more
The United States needs to build a significant number of nuclear plants to supply surging energy demand while also meeting climate goals, the CEO of Southern Company said at an event on Thursday. “This country will need more nuclear plants going forward,” Chris Womack said at the Reuters Global Energy Transition conference in New York … Read more
Platform Ellen and Elly, offshore oil and gas platforms operated by Beta Operating Company LLC, off the coast of Long Beach, California, US, on Thursday, Nov. 2, 2023. Eric Thayer | Bloomberg | Getty Images Crude oil futures held firm on Thursday as fears of war between Israel and the Iran-backed militia Hezbollah overshadowed soft … Read more
Crude oil futures rose Wednesday as investors wait for the latest U.S. inventory data for indications of how gasoline demand is holding up as summer. Oil prices pulled back Tuesday as the recent rally paused, but West Texas Intermediate and Brent are ahead 5.9% and 4.9% for the month as analysts expect summer fuel demand … Read more
Oil pumpjacks are seen along a section of Highway 33 known as the Petroleum Highway north of McKittrick in Kern County, California on September 28, 2022. Frederic J. Brown | Afp | Getty Images Crude oil futures fell Tuesday as the recent rally took a breather, with traders watching tensions on the Israel-Lebanon border and … Read more
Oil pumpjacks operate in Los Angeles, California, July 31, 2023. Mario Tama | Getty Images Crude oil futures kicked off the last week of June little changed but are on pace to post a gain for the month, as signs point to strengthening gasoline demand in the US. Oil prices pulled back Friday, snapping a … Read more
U.S. crude oil was on pace Friday for a second weekly gain in a row, as gasoline demand has surged to post-pandemic highs. Oil prices traded flat Friday morning but are ahead more than 3.6% for the week. Gasoline consumption in the U.S. surged to 9.4 million barrels per day, or bpd, last week, the … Read more
U.S. crude oil held firm above $81 per barrel on Thursday, with the benchmark heading for its second weekly gain in a row. West Texas Intermediate has gained 4% this week, while global benchmark Brent is up 3.3%. JPMorgan forecasts Brent will hit $90 per barrel in September as the market tightens on falling inventories. … Read more
Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says. The Alberta government-commissioned report — a copy of which was obtained by The Canadian Press — aims to assess the economic impact … Read more
U.S. crude oil held above $80 per barrel on Tuesday, after starting the week with strong gains. West Texas Intermediate futures gained more than 2% on Monday, continuing a recent advance despite mixed economic data out of China, the world’s largest importer of crude oil. Here are today’s energy prices: West Texas Intermediate July contract: $80.29 … Read more
