US Energy Systems News

Front-month March natural gas futures on the New York Mercantile Exchange were at $2.442 per million British thermal units in early U.S. activity, down 3.5 cents, or a little more than 1 percent.

Sanctions on Iran are tightening after Overseas Shipholding Group, Frontline Ltd.

But late in the day, the Greek cabinet approved a draft bill commiting Greece to reforms the EU and the IMF require in return for the bailout package.

Oil prices fell on Friday, after an eight-day rally for Brent crude, as the latest hitches in negotiations on a Greece bailout package pressured the euro and equities.

Cold weather in the central U.S. and snow in the Northeast may push energy consumption above seasonal norms across much of the country, forecasters said.

U.S. stocks fell, snapping a five- week-rally for the Standard & Poor's 500 Index, on concern that plans to help Greece avoid default were unraveling and as confidence among American consumers dropped more than forecast.

Overseas Shipholding Group Inc., the largest U.S. crude-tanker owner, said the pool in which its ships operate will no longer go to Iran after the European Union agreed to an embargo on oil from the Persian Gulf nation.

The man who confessed to shooting a group of U.S. airmen at Frankfurt Airport last March in what prosecutors called a "personal jihad," was convicted Friday of murder and sentenced to life in prison.

Most traders said ongoing concerns over high inventories should continue to weigh on sentiment.

Most traders said ongoing concerns over high inventories should continue to weigh on sentiment, but near term the cooler weather could help support cash prices and keep a lid on losses.

The Toronto stock market was slightly lower Thursday amid some disappointing earnings reports while traders had a muted reaction to news that Greece reached an agreement that would meet the conditions to secure its next bailout.

A123 Systems Inc., a U.S. maker of batteries for electric cars, fell the most in more than two years after its largest customer stopped work on a factory and an analyst downgraded its shares.

Chicago ultra-low sulfur diesel differentials slipped by about 2.00 cents per gallon on sluggish demand on Thursday, a day after news of lower distillate inventories in the region prompted a brief boost.

Almost 2,000 workers will lose their jobs when the 350,000-barrel-a-day Hovensa LLC refinery, a partnership of Hess Corp.

Trump Hotel Collection today announced that it has been selected by the U.S. General Services Administration as the preferred selected developer of the most sought-after hotel redevelopment opportunity in the country: Washington, D.C.'s iconic Old Post Office Building.

Brent crude oil futures rose for the seventh straight day and posted their highest close in more than six months.

NASA is looking for at least two U.S. firms to design and build space taxis to ferry astronauts to and from the International Space Station.

Prosecutors laid out a picture of a vast organized crime conspiracy Wednesday as a trial opened for four alleged identity thieves in federal court in Minneapolis.

Intercontinental Exchange Inc., the second-largest U.S. futures market, rose the most since August as fourth-quarter profit gained 28 percent, led by European energy trading and over-the-counter clearing commissions.

A Canadian dollar coin, or loonie, and an American dollar sit in front of a scale in Quebec City, in this April 7, 2010 photo.