U.S. natural gas futures jumped more than 7% in holiday-thinned trading on Friday, registering their best week in nearly two months, supported by forecasts for slightly higher heating demand than previously expected.
General Electric Co's plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said.
Three weeks after the Santa Barbara wellhead failed, it is still blasting water, gas and oil across Nembe in Nigeria's Delta, littering the shoreline and water with yellow-brown clumps of waste as cleanup crews and booms struggle to contain it.
U.S. natural gas futures held steady on Wednesday as the market waited for direction from a federal report expected to show last week's storage draw was smaller than usual for this time of year as output rises to record highs.
U.S. energy firms added oil and natural gas rigs for a record 16 months in a row as crude prices in recent weeks rose to a seven-year high, prompting some drillers to return to the wellpad.