Read more about the article Oil Rallies After US Gasoline Stocks Drop More Than Expected
Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier

Oil Rallies After US Gasoline Stocks Drop More Than Expected

WASHINGTON (DTN) -- Oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange rallied in early morning trade Wednesday. Gains were led…

Continue ReadingOil Rallies After US Gasoline Stocks Drop More Than Expected

EIA expects solar and wind to be larger sources of U.S. electricity generation this summer

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we expect the largest increases in U.S. electric power sector generation…

Continue ReadingEIA expects solar and wind to be larger sources of U.S. electricity generation this summer
Read more about the article Warren Buffett’s Berkshire Hathaway Keeps Adding to Occidental Petroleum Stake
SWEETWATER, TX - JANUARY 19: An oil pumpjack works on January 19, 2016 in Sweetwater, Texas. Global oil prices continue their downward fall with U.S. oil dropping towards $27 a barrel, its lowest since 2003, on worries about global oversupply. Following a diplomatic agreement on nuclear fuel with America, Iran has forecast it will add 500,000 barrels per day to global production, following the lifting of sanctions. (Photo by Spencer Platt/Getty Images)

Warren Buffett’s Berkshire Hathaway Keeps Adding to Occidental Petroleum Stake

This year's rise in oil prices has lifted Occidental's earnings, and the stock.Spencer Platt/Getty Images Berkshire Hathaway continued to add to its large stake in Occidental Petroleum OXY +8.21%  in recent days, buying about…

Continue ReadingWarren Buffett’s Berkshire Hathaway Keeps Adding to Occidental Petroleum Stake
Read more about the article Oil settles up on distillate strength, supply concerns
My View Following Saved May 2, 2022 3:47 PM EDT Last Updated 21 hours ago Oil settles up on distillate strength, supply concerns By Laura Sanicola 3 minute read Storage tanks at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S. Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/Files

Oil settles up on distillate strength, supply concerns

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products,…

Continue ReadingOil settles up on distillate strength, supply concerns

Oil falls 3% as investors focus on weak China economic activity

Price action West Texas Intermediate crude for June delivery CL.1, -3.76% CL00, -3.74% CLM22, -3.73% slumped $3.95, or 3.8%, to $100.74 a barrel on the New York Mercantile Exchange.July Brent crude BRN00, -3.29% BRNN22, -3.41%, the global benchmark, dropped $3.82, or 3.5%,…

Continue ReadingOil falls 3% as investors focus on weak China economic activity