Brent Gains More Than 4% on U.S.-Iran Tensions, Hurricane Isaias
Prices gained as traders weighed intensifying Persian Gulf shipping risks and U.S.-Iran tensions alongside U.S. offshore production shut-ins ahead of Hurricane Isaias.
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Oil Majors Cut Production in Gulf of Mexico as Tropical Storm Isaias Strengthens
Companies operating in the gulf have begun curbing production and evacuating personnel from offshore facilities as the region braces for a powerful storm.
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European Gas Prices Climb on LNG Shipping Risks
Natural-gas prices climbed back above 80 euros a megawatt-hour as concerns over continued attacks on shipping in the Gulf raised fresh questions about the security of LNG supplies.
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U.S. Crude Oil Stockpiles Post Weekly Drop
Commercial crude oil inventories fell by 3.2 million barrels to 424.1 million barrels in the week ended Oct. 2. Crude inventories were expected to have increased by 1.7 million barrels, according to a Wall Street Journal survey of analysts.
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Shell's Refining Margin Surges to Record
The energy major expects its refining margin to hit a record high in the third quarter, driven by volatility stemming from war in the Middle East and a global supply squeeze.
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Hess Midstream Stock Plunges, but the Chevron Deal Has a Silver Lining
Hess Midstream's deal with Chevron means lower earnings but also longer contracts, fewer shares outstanding, and expansion into a second region.
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Energy & Utilities Roundup: Market Talk
Find insight on power utilities, oil futures, Emera's merger with Canadian Utilities and more in the latest Market Talks covering energy and utilities.
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Google and Constellation Energy Strike a Sweeping Nuclear-Power Deal
The deal is the largest-ever "uprate" project, one that squeezes more power out of existing reactors, between a nuclear-power provider and a tech company.
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Energy Transfer to Acquire Vaquero Midstream for $2.63 Billion
The deal consists of $1.95 billion in cash and about 33.3 million newly issued Energy Transfer common units.
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Winter Heating Bills Could Be Lower for Most Homes. Why High Oil Prices Don't Matter.
Inventories for natural gas and propane are above recent averages.
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Exporters to Get Extra Year for EU's Methane Emission Rules, Von Der Leyen Says
Policymakers are racing to shield industry from the high cost of fuel triggered by conflicts in the Middle East and Ukraine.