Oil prices pull back as U.S. economic growth disappoints
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.
Traders are waiting for the latest U.S. petroleum inventory data with the market’s focus shifting back to supply and demand fundamentals.
U.S. coal used for the steelmaking process has sold for more than double the price of U.S. coal used as a fuel for electricity generation in six of the last seven years, underscoring a historical trend. U.S. metallurgical coal, used primarily as a raw …
The chief executive of the world’s largest wealth fund says there are many wildcards in financial markets right now.
The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran’s oil exports
In 2023, 89.1 billion cubic feet per day (Bcf/d) of natural gas was consumed in the United States, the most on record. Since 2018, U.S. natural gas consumption has increased by an average of 4% annually.
Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel’s retaliatory strike launched Friday.
In 2023, U.S. residential electricity bills increased by 2% each month compared with 2022. That growth rate was slower than inflation, which was 4.1% in 2023. Over the past decade, residential electricity prices have increased more slowly than overall …
Gasoline futures have risen nearly 29% this year with prices at the pump currently averaging $3.67 a gallon, according to the motorist association AAA.
Oil has sold off 4% this week as traders unwind the geopolitical risk premium built into prices over the last two weeks.