Oil Settles Higher on Rising U.S. Demand

Oil futures rose, buoyed by signs of improving energy demand after the EIA reported a weekly rise in net U.S. petroleum imports and a decline in gasoline supplies. 


 
U.S. Crude-Oil Inventories Unexpectedly Rise

U.S. inventories of crude oil surprisingly increased by 5.7 million barrels to 539.2 million barrels, but gasoline supplies fell sharply, according to data released by the Energy Information Administration. 


 
U.S. Natural-Gas Inventories Seen Up in Week

Government data are expected to show that natural-gas inventories rose last week by 57 billion cubic feet, a smaller amount than normal as an early-summer heatwave boosted gas-demand for cooling. 


 
Russian Company Refuses $2 Billion Government Bill for Arctic Fuel Spill

Norilsk Nickel questioned how the government's request was calculated, and said the disaster might have been caused by melting permafrost destabilizing its storage tanks. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Home-Solar Companies Merge as Coronavirus Dims Growth

The two largest U.S. rooftop solar companies are merging as the coronavirus pandemic casts a cloud over the market to install panels on homes. 


 
The World Can't Take Much More Shale Gas

Natural-gas prices have bounced back from the 25-year low reached late last month, but analysts and traders don't expect them to go much higher. At least until it is time to turn on the heat. 


 
Eni to Book EUR3.5B in Writedowns

Italy's Eni expects to book EUR3.5 billion in impairment charges after the energy giant lowered its outlook for oil and gas prices. 


 
Dakota Access Pipeline Must Shut Down, Judge Rules

A federal judge ordered the Dakota Access pipeline to shut down by next month because it was improperly granted a key environmental permit, a major setback for operator Energy Transfer LP and the American shale drilling industry. 


 
Warren Buffett's Bet Is a Midstream Buying Signal

Berkshire Hathaway's long-awaited pandemic-era purchase in a seemingly difficult business might seem like odd timing, but there is good logic behind it.