Crude Oil Rises Sharply; XPeng Shares Spike Higher
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 25 points on Wednesday.
Eni Seeks To Buy Private Equity-Backed Neptune Energy For Around $6B: Report
Eni SpA (NYSE: E) is reportedly in preliminary talks to buy private-equity-backed gas and oil producer Neptune Energy for around $5 billion -$6 billion.
Neptune produces around 130,000 barrels of oil equivalent per day (boed), primarily gas.
US Stocks Mixed; Dow Drops 200 Points
U.S. stocks traded mixed this morning, with the Dow Jones dropping around 200 points on Wednesday.
CNBC: White House considers Calling On Congress To Double Cap On Heating Oil Storage, US Officials Also Weigh Future SPR Drawdowns In new Year If Prices Spike Post-Embargo/Price Cap
https://twitter.com/kaylatausche/status/1597935564250304514
Nasdaq Down 50 Points; Crude Oil Rises Over 1%
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite dropping more than 50 points on Tuesday.
The EU’s Reserves Are Nearly Full, But American Consumers Could Be In For A Hurting In 2023 As Europe Looks To Replace Russian Energy Imports
In October, the White House ruled out a ban on natural gas exports this winter in an attempt to help alleviate energy shortages in Europe.
Dow Tumbles 450 Points; S&P 500 Falls 1.5%
U.S. stocks traded lower toward the end of trading amid protests over COVID-19 restrictions in China. The Dow Jones dropped more than 450 points on Monday.
UAE Cuts Oil Supplies To Asia As COVID Shutdowns Weaken Economy
The United Arab Emirates (UAE) will reduce its crude oil exports to some term contract clients in its core market Asia by 5% in December.
US Stocks Start Week On Lower Note, Dow Drops Over 100 Points
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 100 points on Monday.