Oil climbs for a third straight session, with global crude prices settling at a nearly 3-week high

Oil rises for a third straight session, with global benchmark crude prices settling at their highest in almost three weeks, buoyed in part by third-quarter growth in the U.S. economy. 


 
Natural Gas Falls Despite Small Storage Rise

Natural gas prices dropped 7.5% to finish at $5.186/mmBtu in what was expiration day for the front-month contract for November delivery. 


 
Shell, Awash With Cash, to Boost Dividend, Share Buybacks

The oil giant said it plans to boost its dividend and buy back another $4 billion of its shares in the coming months, as it continues to benefit from strong demand for natural gas in difficult-to-navigate markets. 


 
TotalEnergies Books $3.1 Billion Impairment on Russia Assets

The French oil giant's Russia-related accounting charges have reached almost $11 billion this year. 


 
Russian Ship Joins Nord Stream Blast Probe

Sweden said the vessel is working on a civilian investigation on behalf of Nord Stream AG, owner of one of the damaged lines. 


 
Peak Fossil-Fuel Demand Possible in a Few Years

The energy crisis stemming from Russia's invasion of Ukraine is seen as hastening a shift to lower-emission sources, according to the International Energy Agency. 


 
Energy & Utilities Roundup: Market Talk

Find insight on Shell CEO Ben van Beurden's views on the IEA's peak-fossil-fuels prediction, Italian oil major Eni, and more, in the latest Market Talks covering the Energy and Utilities sectors 


 
TotalEnergies Partners With Brazil's Casa Dos Ventos

TotalEnergies said that it has created a joint venture with Brazilian developer Casa dos Ventos to build and operate a 12 gigawatt renewable portfolio. 


 
Europe, Once Fearing Gas Rationing, Has a Glut

Prices for natural gas have tumbled more than 70% from their late-August high, thanks in part to a burst of warm weather. 


 
U.S. Oil Inventories Rise on SPR Release, Refinery Slowdowns

U.S. commercial inventories of crude-oil increased by 2.6 million barrels, beating forecasts of a 600,000-barrel addition, as refineries reduced activity and as the government transferred more of the nation's Strategic Petroleum Reserve to the commercial side.


(END) Dow Jones Newswires

10-28-22 0015ET