Stock futures rose ahead of a crowded week of corporate earnings, inflation data and midterm elections that could see a shift to Republican control of one or both houses of Congress. Futures tied to the S&P 500 rose 0.5% on Monday, while futures tied to the Dow Jones Industrial Average rose 0.5%. Contracts linked to … Read more
Despite a long streak of strong profits, shale companies are slowing their oilfield activity, keeping U.S. oil output roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has not materialized as creeping inflation-related costs, supply chain snarls and disappointing well performance for … Read more
Kenmore, NY This Erie County village of 15,000, just north of Buffalo, is perfectly situated in Kathy Hochul country. New York’s Democratic governor was born in Buffalo and represented the area in Congress before becoming lieutenant governor in 2013. A young Republican operative tells me that Democrats have “a 2-to-1 enrollment advantage” in Kenmore, but … Read more
OPEC called for trillions of dollars worth of investments in the oil industry over the next two decades to meet what it expects to be booming demand for fossil fuels stretching far into the middle of the century. In an annual report on long-term energy trends, the Organization of the Petroleum Exporting Countries said the … Read more
A customer pumps gas at an Exxon gas station. Photo: Marta Lavandier/Associated Press If the Democrats lose next week’s election, one of the reasons will be skyrocketing energy prices. The lesson that an election defeat must drive home is that this is the result of their own politics. Consider President Biden’s outrage Friday over last … Read more
The British Navy stands accused by the Russian government, without evidence, of blowing up the Nord Stream natural gas pipeline under the Baltic Sea, a claim the U.K. rejected as “false.” “According to available information, representatives … of the British Navy took part in the planning, provision and implementation of a terrorist attack in the … Read more
LONDON— Shell SHEL 0.95% PLC said it plans to increase its dividend and buy back another $4 billion of its shares in coming months as the oil major continued to benefit from strong demand for natural gas in difficult-to-navigate markets. Shell on Thursday reported a higher third-quarter profit compared with the same period a year … Read more
The 2022 midterm election just got its October surprise: John Fetterman. Mr. Fetterman, Pennsylvania’s lieutenant governor, suffered a stroke in May days before he won the Democratic Senate primary, and a question since has been whether his recovery was sufficient to eliminate the stroke’s effects as a voter concern. The answer on display Tuesday evening … Read more
LONDON — Europe is suddenly sitting on a glut of natural gas, sending prices lower and easing fears of winter fuel shortages and rationing as the continent weans itself from Russian energy. Just a few months ago, officials, executives and analysts worried that as Europe swung from Russian gas in the wake of Moscow’s invasion … Read more
When one of the biggest, most vocal oil bulls decides to leave the public market pen, it’s hard not to notice. Continental Resources announced last week that its founder, Harold Hamm, and his family, who already own about 83% of the oil and gas producer, will buy the rest of the company and take it … Read more