Oil Drops Sharply as Glut Fears Return
Oil prices tumbled after U.S. oil inventories rose to their highest level since July 2017 and domestic oil production neared a record.
U.S. Oil and Gasoline Inventories Leap
U.S. inventories of crude oil unexpectedly surged higher last week, while gasoline stockpiles also rose sharply, according to data Wednesday by the Energy Information Administration.
U.S. Natural-Gas Inventories Seen Up in Week
Government data are likely to show that natural-gas inventories increased last week by 103 billion cubic feet -- a larger amount than normal for this time of year.
Oil-Rich Saudi Arabia Barrels Into the Gas Business
Saudi Arabia's deal to buy American natural gas is part of a decadelong $160 billion plan to build up its gas assets, as the oil-rich kingdom's demand for new energy is projected to soar beyond its capacity.
Russian Pipeline Shutdown Shifts Balance in Oil Market
The shutdown of a major Russian pipeline that sends crude to European refineries has fueled concerns of tightness in the global oil market, driving futures prices higher.
UPS Reaches Large Renewable Natural Gas Deal With Clean Energy Fuels
United Parcel Service said it will buy 170 million gallon equivalents of renewable natural gas over seven years from Clean Energy Fuels as it works to increase alternative fuel consumption.
Energy & Utilities Roundup: Market Talk
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Sasol Further Ups Cost Estimate for Troubled Project
Sasol raised the cost estimate for its Lake Charles chemicals operation in Louisiana and launched an independent review into poor controls over the project.
PPG Says It Won't Break Up, Despite Pressure From Activist Investor
PPG Industries won't split its units making building paints and industrial coatings, choosing to forge ahead as a unified company after facing pressure from an activist investor to maximize value in its disparate operations.
Fortum to Build Its First Large-Scale Wind Park in Finland
Fortum will start constructing its first large-scale wind park in Finland this summer as part of its goal to increase its solar and wind power generation to a multi-gigawatt scale.