Joe Wallace

New effort targets military and energy industries, with Western allies planning to roll out similar measures.

Natural-gas prices are sliding in Europe, taking the heat out of the energy crisis that began when Russia weaponized fuel supplies after invading Ukraine. Wholesale gas prices in northwest Europe are on track to fall for a seventh-consecutive week. At just over 30 euros, or $32, a megawatt-hour, th

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European natural-gas prices broke records—and businesses—on the way up. Now, they are smashing records and giving a boost to the economy on the way down. Europe's benchmark wholesale gas price is on track to tumble 15% this week, which would mark its eighth-straight weekly decline. That is the long

U.S. crude dipped below $70 a barrel for the first time in two weeks ahead of an OPEC+ meeting at which major producers will debate whether to cut output to bolster oil prices. Comments by officials in member states suggest the cartel is likely to stick with current cuts instead of deepening them,

Production from Texas will soon be part of the calculation known as Brent crude

Crude prices fell again, putting the oil market on track for its biggest monthly decline since September and raising pressure on OPEC+ to deepen output cuts when the cartel meets this weekend. The slide is a symptom of slowing global growth as central banks press ahead with interest-rates increases

The energy world has for decades looked to oil rigs 100 miles off the coast of Scotland’s northernmost islands to help set the price of global crude. All eyes are now turning to Texas instead. Starting with deliveries that arrive Thursday, a type of [U.S. oil](https://www.wsj/articles/boo

Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.