Today: September 21, 2024
Today: September 21, 2024

Latest From Scott DiSavino

Business|Economy|News

Oil prices hold at 14-month low as demand worries offset big US storage withdrawal

Oil prices held at a 14-month low on Thursday as worries about demand in the U.S. and China and a likely rise in supplies out of Libya offset a big withdrawal

Oil prices hold at 14-month low as demand worries offset big US storage withdrawal
Business|Finance|News

Oil prices fall 2% on economic worries, technical decline

Oil prices fell about 2% on Tuesday on worries that slower economic growth in the U.S. and China could reduce demand for energy, especially after prices surged

Oil prices fall 2% on economic worries, technical decline
Business|News

Texas power demand breaks record during heat wave, grid operator says

Demand for power in Texas hit a record high on Tuesday as homes and businesses cranked up air conditioners to escape a heat wave across the state.

Texas power demand breaks record during heat wave, grid operator says
MidEast|News|World

Oil settles down 1% as Middle East tensions ease, China data weak

Oil prices fell about 1% to a two-week low on Tuesday as Middle East supply concerns eased after Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, and

Oil settles down 1% as Middle East tensions ease, China data weak
Asia|Economy|Finance

Oil prices slide 1%, settle at 7-week low on China worries

Oil prices slid about 1% to settle at a seven-week low on Tuesday as investors worried that demand from China could be weakening while OPEC+ seems likely to stick

Oil prices slide 1%, settle at 7-week low on China worries
Economy|Environment|News

US power demand hits hourly record high on hottest day of summer, EIA and LSEG say

U.S. demand for power hit a preliminary hourly record high on Monday as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketing

US power demand hits hourly record high on hottest day of summer, EIA and LSEG say
Economy|Environment|Science

US power generators burn record amounts of natgas on hottest day of summer so far

U.S. power generators burned a record amount of natural gas on Tuesday, the hottest day so far of this summer, according to preliminary data from financial firm LSEG on

US power generators burn record amounts of natgas on hottest day of summer so far
Economy|Environment|News

Oil settles lower on worries Hurricane Beryl could hit US demand

Oil prices settled down about 1% to a one-week low on Monday as Hurricane Beryl shut U.S. refineries and ports along the Gulf of Mexico, and on hopes a possible ceasefire

Oil settles lower on worries Hurricane Beryl could hit US demand
Business

Big turnout expected in New York offshore wind power auction

Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted

Big turnout expected in New York offshore wind power auction
Economy|Environment|News|Technology

Texas power demand to break June, July records in heat wave, grid operator says

The Texas power-grid operator forecast electricity use will break the peak demand record for June on Thursday before rising even higher and topping the July record next

Texas power demand to break June, July records in heat wave, grid operator says
Business

Oil edges up 1% on big US crude withdrawal, China stimulus

Oil prices edged up about 1% on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus,

Oil edges up 1% on big US crude withdrawal, China stimulus
Business

US energy firms prepare as extreme freeze could hit natgas supplies

U.S. power and natural gas companies were preparing on Friday for extreme cold over this Martin Luther King Day holiday weekend that is expected to cause record gas

US energy firms prepare as extreme freeze could hit natgas supplies
Business

Oil up 1% as Middle East tensions offset US inflation worries

Oil prices gained about 1% on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East.

Oil up 1% as Middle East tensions offset US inflation worries
Business

US offshore wind poised for success next year after turbulent 2023

The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and

US offshore wind poised for success next year after turbulent 2023
Business

Ship shortage dealt death blow to Orsted's NJ offshore wind hopes

Danish energy firm Orsted's shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to

Ship shortage dealt death blow to Orsted's NJ offshore wind hopes
Business

US offshore wind writedowns seen soaring with Orsted earnings

European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840

US offshore wind writedowns seen soaring with Orsted earnings
Economy|News

Oil prices up 3% to one-week high on hopes of higher summer fuel demand

Oil prices climbed about 3% to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger U.S. dollar and expectations the

Oil prices up 3% to one-week high on hopes of higher summer fuel demand
Business|Economy|Environment

US power and natgas prices turn negative in Texas, California and Arizona

U.S. spot power and natural gas prices turned negative in Texas, California and Arizona for Tuesday as pipeline maintenance trapped gas in the Permian Shale in West Texas

US power and natgas prices turn negative in Texas, California and Arizona
Economy

Oil eases ahead of Christmas break on possible future Angola output increase

Oil prices eased on Friday ahead of the long Christmas holiday weekend on expectations Angola could increase output after leaving OPEC, but rose for the week on

Oil eases ahead of Christmas break on possible future Angola output increase
Economy

Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns

Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts

Oil falls to near 5-month low on OPEC+ cut doubts, demand concerns
Economy

Oil steady; signs Middle East tensions easing offset higher demand forecasts

Oil prices were little changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about U.S. oil inventories.

Oil steady; signs Middle East tensions easing offset higher demand forecasts
Economy

Oil falls to settle at 3-week low as Fed policy stance lifts dollar

Oil prices eased about 1% to a three-week low on a rising U.S. dollar and after the U.S.

Oil falls to settle at 3-week low as Fed policy stance lifts dollar
Economy|News

Oil prices ease on US gasoline demand worries, economic data

Oil prices eased about 1% on Wednesday on worries over weak U.S. gasoline demand and economic data that could cause the U.S.

Oil prices ease on US gasoline demand worries, economic data
News

Texas power demand breaks May record again as prices soar in heat wave

Power demand in Texas broke the record for the month of May for a second time this week on Friday as prices soared ahead of the U.S.

Texas power demand breaks May record again as prices soar in heat wave
Economy|Environment|News

Texas power demand to break May record in heat wave on Friday

Power use in Texas was on track to break the record for the month of May on Friday for a second time this week and could top that again over the Memorial Day weekend as

Texas power demand to break May record in heat wave on Friday

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