Oil attempts to bounce higher on hope of U.S.-China trade progress

Oil futures rose cautiously higher Tuesday as investors awaited insights on progress in trade talks between China and the U.S. which may affect economic growth and oil demand. President Donald Trump will speak at the Economic Club of New York at noon Eastern time, where he could provide the latest update on Sino-American trade talks amid renewed concerns that the […]

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U.S. oil sinks as China trade tensions flare up; Natural-gas prices skid 5.5% lower

Oil futures settled lower Monday as recent developments in Sino-American trade negotiations reignited some fears about demand for energy assets in the face of a prolonged tariff scuffle. West Texas Intermediate crude for December deliveryCLZ19, -0.66% fell 38 cents, or 0.7%, to reach $56.86 a barrel on the New York Mercantile Exchange after crude put in a nearly 1.9% gain for […]

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Chesapeake Energy stock dives on heavy volume after yet another earnings miss

Shares of Chesapeake Energy Corp. took a deep dive Tuesday, after the oil and natural gas production company’s financial results missed Wall Street expectations for a third-straight quarter, and gave investors reason to doubt the company’s ability to achieve its target for free cash flow next year. The stockCHK, -15.06% dropped 14.1% in very active in morning trading. That puts it […]

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Oil futures fall 1% ahead of EIA inventory report

Oil futures headed lower on Wednesday as investors awaited a closely followed weekly report on U.S. inventories and a Tuesday reading on supplies showed a lower-than-expected stockpiles for crude. December WTI crude CLZ19, -0.97%, the new front-month contract, shed 53 cents, or 1%, at $53.95 a barrel on the New York Mercantile Exchange, after both the November, which expired on […]

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More large-scale investors are skittish about an ESG strategy at the expense of returns: survey

Some institutional investors remain increasingly unconvinced that responsible investing will boost their returns. That is according to the Royal Bank of Canada’sRY, +0.53%  fourth annual survey on responsible investing, which found that 18% of institutional investors globally said an environmental, social and governance strategy will perform worse, up from 10% last year. Another 24% of investors said they were unsure […]

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Think fossil fuels are bad? Nuclear energy is even worse

Nuclear power, as it is today, is a poor substitute for fossil fuels. Not long ago, I wrote about nuclear plants and the large number of “incidents” (many of which go under the radar) that occur every year, despite upgrades, updates, technological advancements and research that’s put in nuclear energy. Researchers from the Swiss Federal Institute of Technology have come […]

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Oil drops to 2-month low on economic woes, as U.S. crude stocks climb a third straight week

Oil futures declined, with U.S. and global benchmark prices logging their lowest finish in about two months, as downbeat economic data weighed on prospects for energy demand, and domestic crude stockpiles registered a third straight weekly climb. The U.S. added a modest 135,000 private-sector jobs in September, ADP said Wednesday, less than the forecast gain of 152,000. That followed data […]

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‘There’s No Planet B’: Tens of thousands protest climate inaction before UN summit

Tens of thousands of protesters have already joined rallies on Friday as a day of worldwide demonstrations calling for action against climate change began ahead of a U.N. summit in New York. Some of the first rallies in what is being billed as a “global climate strike” were held in Australia’s largest city, Sydney, and the national capital, Canberra. Australian […]

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Here are the 3 key times the U.S. tapped into its massive emergency-oil reserves

The weekend attack on major crude-oil facilities in Saudi Arabia could prompt something that has been done only three times in the past: an emergency release from the U.S. Strategic Petroleum Reserve. President Donald Trump said he’d authorized tapping the so-called SPR in response to the attack, “if needed,” to keep oil markets CLV19, +14.24%BRNX19, +14.07% well supplied and moderate a […]

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Why the Saudi oil attack is a ‘big deal’ that could be a ‘game changer’ in stock markets and crude prices

An intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after weekend drone attacks destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil— and a separate nearby oil field. On Saturday, the drone attacks, directed at Saudi Arabian oil facilities that account for nearly 10 million barrels of […]

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