U.S. coal-fired power generation is set for a short-term recovery this summer as higher prices of coal’s main fossil fuel competitor, natural gas, will discourage parts of gas-fired electricity generation. Continue Reading
The U.S. benchmark natural gas price jumped more than 5% on Monday as power generators are expected to burn more gas to keep air conditioners going that are just now Continue Reading
Crude oil futures were slightly higher during mid-morning Asian trade May 17, but any upside was limited by concerns over renewed coronavirus-related mobility restrictions in the region. At 11:03 am Continue Reading
Oil was steady as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia. Futures in New York traded near $65 Continue Reading
Oil in New York surged the most in a month on Friday as prices garnered support from a recovery in equities and a softer dollar. West Texas Intermediate climbed back above $65 Continue Reading
Oil headed for the biggest weekly drop since early April as countries in Asia continue to fight persistent Covid-19 outbreaks, highlighting the patchy recovery from the pandemic even as U.S. Continue Reading
Oil prices rebounded on Friday morning as inflation fears fade and the global supply glut slowly drains, although the IEA did revise its demand projection downward. For more great energy Continue Reading
Oil rose above $64 a barrel in New York, aided by a recovery in equities and a softer dollar.West Texas Intermediate increased 1%, reversing some of Thursday’s slump as the dollar’s drop Continue Reading
Oil slumped the most in over a month alongside a commodities downturn as growing inflation concerns raise the specter of a less accommodative U.S. Federal Reserve. West Texas Intermediate futures Continue Reading
Oil prices fell more than 2% on Thursday as India’s coronavirus crisis deepened and a key U.S. pipeline resumed operations, halting a rally that had lifted crude to an eight-week Continue Reading
