Prices Turn Higher As EIA Reports First U.S. Crude Supply Decline In 3 Week
Oil turns higher after the EIA reported that U.S. crude supplies fell by 3.1 million barrels.
Arch Coal, Peabody Energy to Form Coal Joint Venture
Arch Coal and Peabody Energy are combining their Powder River Basin and Colorado assets in a joint venture aimed at strengthening the competitiveness of coal against natural gas and renewables.
EPA Moves to Overturn Obama Power-Plant Rules
The Trump administration is set to announce a significant step in rolling back the regulation of greenhouse gases.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Canada to Proceed With Pipeline Expansion
Canada said it will press ahead with the contentious expansion of a pipeline that carries crude oil to the Pacific Coast, after taking steps to address concerns from some indigenous and environmental groups.
U.S. Wants Allies to Help Keep Oil Lanes Open
Top Trump administration officials signaled the U.S. didn't intend to assume sole responsibility for safeguarding tankers in the Persian Gulf after attacks Washington blames on Iran, because America has become less dependent on oil supplies from the region.
PG&E Reaches $1 Billion Settlement With Paradise, California Governments
PG&E has agreed to pay $1 billion to a range of California cities, counties and other government entities to settle claims related to taxpayer losses caused by three devastating fires in the state.
U.S. Crude-Oil Stockpiles Seen Dropping in EIA Data
U.S. crude-oil stockpiles are expected to show a decline of 1.6 million barrels while gasoline stockpiles are expected to have risen 400,000 barrels in data from the Department of Energy, according to a survey of analysts and tradersl.
Saudis to Push for OPEC Cuts, Despite Tanker Attacks
Saudi Arabia is set to push for OPEC to cut oil output in the second half of the year, as signs of slowing global demand for crude outweigh threats of war and worries about supply disruptions in the Middle East.
Saudi Arabia Can't Earn Its Way Out of Trouble
It would take a lot more black gold to keep Saudi Arabia out of the red.