Berkshire Hathaway Snaps up More Occidental, Sirius XM, VeriSign
The purchases were made Tuesday through Thursday. The Occidental Petroleum buy was the first since June, suggesting Berkshire CEO Warren Buffett now finds the stock attractive.
PTTEP Plans Investment to Boost Core Assets, Spur Development Projects
Thai oil-and-gas giant PTT Exploration & Production plans to invest $5.3 billion to boost key assets and speed up overseas development projects in 2025.
Oil prices settle at lowest in over a week after Fed rattles markets
Oil futures declined on Thursday, pulling prices for U.S. and global crude benchmarks to their lowest settlement in over a week, a day after the Federal Reserve signaled it would go much slower in cutting interest rates next year.
U.S. Natural Gas Gains on Weather Prospects, Storage Draw
U.S. natural gas futures settled higher as expectations of a cold start to January combined with a second straight large weekly withdrawal from storage.
Oil may 'collapse' below $50 a barrel in 2025 if this perfect storm hits the market
Oil prices look set to end the year lower as demand weakness, particularly from China, prevails - but 2025 may bring an even steeper loss, with the possibility of a drop below $50 a barrel if the market sees a "perfect storm" of factors, including sharp economic declines in China and Europe.
Woodside, Chevron Agree to Asset Swap
Chevron and Woodside Energy agreed to an asset swap that they said will sharpen their focus on the massive LNG operations they each operate in Western Australia.
U.S. Crude Oil Stocks Fall Less Than Expected
U.S. crude-oil inventories fell for a fourth consecutive week, but the decline was smaller than analysts had forecast.
National Grid to Invest Up to $44.5 Billion in U.K. Electricity Transmission
The plan, which will nearly double the amount of energy that can be transported around the U.K., comes as energy utilities across Europe bet on a boom in demand amid rising electrification, industrial decarbonization, and AI applications.
The Firm That Wants to Power AI With Southern Yellow Pine
A U.K. electricity generator is winnowing U.S. sites for wood-burning power plants that pump their emissions underground.
Energy & Utilities Roundup: Market Talk
Read about oil prices, Vermilion Energy and more in the latest Market Talks covering Energy and Utilities.
(END) Dow Jones Newswires
December 20, 2024 04:00 ET (09:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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