Sector Update: Energy

Energy stocks were edging higher premarket Friday with the Energy Select Sector SPDR Fund (XLE) recently advancing by 0.1%. The United States Oil Fund (USO) was up 1.1% and the United States Natural G

MT Newswires26minutes ago

Shell Takes $2 Billion Hit Amid Green Energy Setback. It Fears Competition From U.S. -- Barrons.com

By Brian Swint President Joe Biden's Inflation Reduction Act (IRA) was designed to kick-start green energy production in the U.S., but one side effect has been that it's hurting production elsewhere.

Barron's57minutes ago

Exchange-Traded Funds Edge Higher, Equity Futures Mixed Pre-Bell Friday as Investors Await Hints About Potential Rate Cuts

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.04% and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Friday's premarket activity, as investors wait for th

MT Newswires20:25

Market Chatter: Shell, BP, Total to Invest in Abu Dhabi Natural Gas Project

Shell (SHEL), BP (BP), TotalEnergies (TTE), and Mitsui will invest in Abu Dhabi National Oil's next liquefied natural gas export project, Bloomberg reported Friday, citing people familiar with the mat

MT Newswires19:10

Express News | Sources say that Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates will distribute 40% of the shares of the Ruwais liquefied natural gas project to four energy giants, namely Shell, TotalEnergies, bp plc, and Japan's Mitsui.

Breakings18:57

WTI Moves Below $83.50 Amid Expectations of Increased Supply, US NFP Awaited

West Texas Intermediate (WTI) Oil price trades around $83.50 per barrel at the time of writing.

FXStreet17:12