Oil prices settle lower with U.S. crude supply up by 12 million barrels

Oil prices ended lower Wednesday, pressured after official U.S. data revealed a 12 million-barrel weekly rise in commercial crude inventories and declines in gasoline and distillate stockpiles. 


 
U.S. Crude Oil Stocks Rise by 12 Million Barrels in Week Ended Feb. 9

U.S. crude oil inventories rose sharply last week as refineries reduced their capacity use 


 
Iran Gas Pipelines Explode in Act of Sabotage, Officials Say

Iranian officials call Wednesday's blasts a terrorist attack but didn't blame anyone for the incident. 


 
Shell Sees LNG Demand Up at Least 50% by 2040

Shell said it expected global demand for liquefied natural gas to grow beyond 2040, driven by industry in China and economic development in South and Southeast Asia. 


 
A Tiny Hedge Fund Is Becoming a Thorn in the Side of Energy Giant BP

London-based Bluebell Capital Partners has a history of aiming at big targets, and sometimes hitting them. 


 
Energy & Utilities Roundup: Market Talk

Gain insight on Canda's EV policies, RWE, Orsted and more in the latest Market Talks covering Energy and Utilities. 


 
OPEC Sticks to Oil-Demand Growth View, Lifts Economic Forecast

OPEC left its expectations for global oil-demand growth unchanged, but raised its economic forecast amid easing inflation and anticipated interest-rate cuts. 


 
SEC's Gensler Bracing for Lawsuits Over Climate Rule

Securities and Exchange Commission head Gary Gensler said possible lawsuits challenging the agency's proposed climate disclosure rule would be "part of our democracy," but added that the SEC is working to craft a rule that holds up to judicial scrutiny. 


 
Phillips 66 Names Elliott-Backed Director to Board

Oil refiner Phillips 66 named former Cenovus executive Robert W. Pease to its board, succumbing to pressure from activist investor Elliott Investment Management. 


 
A Texas Oil Driller Banks a $26 Billion Deal, With Regrets

Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked.


(END) Dow Jones Newswires

02-14-24 1615ET