Energy Headlines

UPDATE 1-UN renews human rights mission in Venezuela

The United Nations Human Rights Council on Friday renewed the mandate of its fact-finding human rights mission in Venezuela, an initiative that Caracas considers an aggressive tool for interfering in domestic matters.

UPDATE 1-U.S. natgas futures down 3% on record output, mild weather forecasts

U.S. natural gas futures fell about 3% on Friday on record output and continued milder than normal weather that will allow utilities to keep injecting more gas into storage than usual in coming weeks. Also weighing on gas prices was a drop in demand from power outages due to storms and reduced liquefied natural gas (LNG) exports. Over 134,000 homes and businesses were still without power in Flori

OPEC+ oil output cut shows widening rift between Biden and Saudi royals

The OPEC+ organization's decision this week to cut oil production despite stiff U.S. opposition has further strained already tense relations between President Joe Biden's White House and Saudi Arabia's royal family, once one of Washington's staunchest Middle East allies, according to interviews with about a dozen government officials and experts in Washington and the Gulf.

UPDATE 1-India's fuel demand slips to 10-month low in September

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed. Total monthly fuel demand in September fell 3.6% from August, although it was up 8.1% when compared with September 2021. "When we look at the drop in Indian oil demand, part of it had to do with seasonal maintenance of the refineries, not necessarily a softening of the economy," said Phil Flynn, analyst at Price Futu

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