Oil prices settle higher on larger draw in US crude inventories
Investing.com– Oil prices rose Wednesday, recovering from recent losses after industry data showed a fall in U.S. inventories, suggesting strong demand from the world’s largest consumer. At 08:30 ET (12:30…
Oil prices finish higher as US oil, fuel inventories ease
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but hovered close to their lowest level in six weeks…
US Democrats launch bill holding oil firms accountable for any work with OPEC
By Timothy Gardner WASHINGTON (Reuters) – Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with…
Oil prices bounce off six-week lows as US fuel inventories fall
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but hovered close to their lowest level in six weeks…
US working with Kyiv on future power generation plans
By Luiza Ilie BUCHAREST (Reuters) – The United States is working with Ukraine on a roadmap for its post-war energy grid which will include safe nuclear power technologies as well…
US looking to bolster Philippines’ ability to operate in its waters
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – The United States is looking to bolster the capabilities of the Philippines to operate lawfully in its waters, a senior White…
Oil prices rise off six-week lows as US fuel stocks decline
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Wednesday, supported by large draws in U.S. crude and fuel stocks, but were still close to their lowest level in six…
Dollar falls against resurgent yen as carry trades squared
By Tom Westbrook and Alun John SINGAPORE/LONDON (Reuters) -Commodity currencies slid to multi-week lows on Wednesday on weakening raw material prices, with the heaviest selling against the yen which surged…
Analysis-Japan’s novel FX intervention throws off investors
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -Japanese official buying to defend the yen is fast becoming a standard feature of the FX landscape in 2024, but authorities in…
Analysis-US oilfield firms slash prices as mega-mergers shrink customer base
By Georgina McCartney HOUSTON – A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or…
