Oil settles down 2%, big weekly drop after US jobs data
Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a
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Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support from a
September 06, 2024Marathon Petroleum has been unwilling to negotiate with union members at its Detroit refinery since more than 200 workers went on strike, Teamsters said on Thursday,
September 05, 2024Oil prices settled 1% lower on Wednesday after a smaller-than-expected draw in U.S. crude stockpiles and as concerns over Chinese demand persisted, though losses were capped
August 28, 2024Canada's expanded Trans Mountain (TMX) oil pipeline, which commenced commercial operations in May, so far has had little impact on crude costs at refineries on the
August 20, 2024Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by
August 20, 2024Oil prices settled higher on Friday and notched over 3.5% in weekly gains as positive economic data and signals from Fed policymakers that they could cut
August 09, 2024Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a bigger-than-expected draw in U.S. crude stockpiles, even as
August 07, 2024Oil prices rose nearly 3% on Wednesday as investors worried the conflict in the Middle East could widen after the killing of a Hamas leader in Iran, and after a sharp
July 30, 2024U.S. oil refiners are expected to report sharply lower second quarter earnings from a year ago after a listless summer driving season that weakened refining margins,
July 24, 2024Oil prices gained about 1% on Wednesday after a larger-than-expected decline in U.S. crude stocks, but gains were capped by concerns about rising global inventories
July 03, 2024Oil prices fell on Friday as investors weighed weak U.S. fuel demand and took some money off the table at quarter-end, while key inflation data for May boosted the
June 28, 2024Wind and solar are set to lead U.S. power generation growth for the next two years following new renewable energy instillations, Energy Information Administration (
April 26, 2024The U.S. solar industry will experience modest growth in 2024, as electricity prices decline and support from the Inflation Reduction Act (IRA) rolls in, SolarEdge
April 26, 2024Oil prices fell more than 1% on Wednesday, retreating for a third straight day, as Fed officials rekindled worries about oil demand when they indicated interest rate
June 07, 2024Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened
May 20, 2024Oil prices settled lower on Thursday after Angola said it would exit the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the
December 21, 2023Oil prices fell more than 4% on Tuesday to their lowest level in six months on concern of oversupply and after U.S. economic data showed an unexpected rise in
December 12, 2023Oil prices fell nearly 1% in a volatile session on Wednesday as OPEC+ producers unexpectedly delayed a meeting on production cuts, raising questions about global
April 26, 2024Oil prices were little changed on Wednesday after an increase in U.S. crude stockpiles and demand worries stemming from gloomy economic prospects in Europe offset
April 26, 2024Oil prices edged higher on Tuesday as investors wait to see if U.S. diplomatic efforts and a trip by President Joe Biden to Israel will prevent the conflict in the
April 26, 2024Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered
June 25, 2024Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the
May 17, 2024U.S refiners' first quarter profits are expected to fall from recent records, when earnings soared following Russia's invasion of Ukraine in 2022, but overall will
May 08, 2024Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of
April 19, 2024California needs to triple its annual carbon emissions reductions to meet its 2030 target, a report by consulting firm Beacon Economics and San Francisco-based think
March 14, 2024