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Yahoo FinanceEnergy consumption 'to dramatically increase' because of AI
AI brings many promises for the future, as well as energy challenges. Are there solutions?
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Electricity prices expected to decline in some regions next year, government data says
In a rare occurence, some households in the US may feel a little bit of utility bills relief next year.
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Oil jumps to 2023 highs amid low tank levels at US storage hub
A major crude storage hub in the US is running low on stockpiles at a time when world markets are feeling a supply squeeze.
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There's a 90% chance of a government shutdown: Goldman Sachs
Goldman’s economists predict a shutdown would subtract 0.2 percentage points from the fourth quarter’s gross domestic product (GDP) for each week it lasts.
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Oil prices hold steady at $90 a barrel as Wall Street weighs GDP impact
JPMorgan economists said late last week that if supply cuts continue, the price of Brent crude could jump to as high as $120 per barrel. But they expect crude prices will drop back to $86 per barrel next quarter.
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Higher oil prices 'a manageable headwind' for the US economy, Goldman says
The magnitude of oil's increase is small compared to periods in 2008 and the first half of 2022, Goldman says.
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Oil prices rise after Russia bans diesel and gas exports
Russia says the ban, which has no end date yet, is intended to replenish its own supply and reduce prices domestically.
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A growing number of Wall Street analysts think oil could hit $100 a barrel
Goldman Sachs is the latest Wall Street firm to lift its oil forecast amid tight supply.
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Dollar General stock downgraded on low-income shopper 'acting recessionary'
Student loan repayments, elevated interest rates and higher fuel prices could worsen the picture for Dollar General's customers, JPM said.
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Oil: If prices top $100, expect 'demand destruction', says analyst
Oil prices could very well reach $100 per barrel. But supply and demand are likely to bring prices back down, say analysts.
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Oil at $90 a barrel looks 'unsustainable,' says Citi analyst
Citi points out oil production is growing among non-OPEC+ members like the US, Brazil, Canada, and Guyana. That should help bring down prices.
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Gas prices hit 2023 highs as oil chugs higher
Gasoline prices hit fresh 2023 highs as oil kept climbing after a three week rally.
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Gas prices hit 2023 highs, but analysts think they're peaking
Gasoline is rising. But some relief is around the corner for drivers, as the less costly winter-grade gasoline is introduced soon.
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Oil prices top $90 per barrel for first time since November 2022
Oil has been on a steady rise over the past three months following OPEC+ production cuts and unilateral output reductions extended by Saudi Arabia and Russia.
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American Airlines, Spirit slash profit outlooks amid rising fuel costs
The announcements follow similar recent warnings from United Airlines, Southwest, and Alaska Air.
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Gas prices surged in August amid oil's supply crunch
All the energy components saw a month-over month increase in prices across the board.
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Growth stocks 'highly overvalued' but energy looks attractive, says strategist
Investors are rotating into energy stocks as oil prices hit 2023 highs.
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Oil prices hit 2023 highs as market faces supply squeeze
Oil's recent three-month rally has lifted expectations that inflation could reaccelerate in the near term.
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Expect 'little upside' to stocks for rest of year, Goldman says
Goldman Sachs analysts say the market has already baked in a soft landing, so don't expect stocks to go much higher this year.
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'Nothing worse than higher oil prices' as Fed fights inflation
The Fed's fight against inflation is trickier if oil prices stay elevated, say economists.
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