Oil Rises as Supplies at Storage Hub Decline

Oil settled higher as investors pushed aside a bearish rise in overall U.S. inventories and instead focused on a third straight decline in stockpiles at the U..S storage hub in Cushing, Okla. 


 
U.S. Crude-Oil Inventories Rise Sharply

U.S. inventories of crude oil unexpectedly surged higher even as refinery activity increased, according to data released Thursday by the Energy Information Administration. 


 
Natural Gas Falls on Large Rise in Storage

Natural gas prices fell for a second consecutive session, ending 3.1% lower as investors sold the commodity after EIA reported a larger-than-expected rise in weekly gas injections to storage. 


 
Coronavirus Outbreaks Threaten Oil Majors' Biggest Projects

Oil majors including Chevron, Exxon, Shell and Total are scrambling to cope with coronavirus outbreaks among their workers that could threaten the profitability of some of their largest projects. 


 
Global Glut Keeps a Lid on Natural-Gas Prices

Mild May weather has limited domestic demand, brimming storage facilities abroad have reduced exports and the flow from oil wells hasn't declined by as much as expected. 


 
U.S. Consumed More Renewables Than Coal for First Time in 134 Years

The U.S. consumed more renewable energy than coal last year, something that hasn't happened since 1885, according to the Energy Information Administration. 


 
U.S. Threatens Sanctions to Deter Tankers Carrying Fuel to Venezuela

U.S. authorities threatened two Greek-owned tankers carrying Iranian fuel to Venezuela with sanctions, according to U.S. officials, aiming to thwart a burgeoning economic alliance between two of America's biggest rivals. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Enel Accelerates Closure of Chile Coal-Fired Plant

Enel has agreed to accelerate the closure of its last coal-fired plant in Chile, possibly incurring an impairment of around EUR790 million. 


 
Santos Completes Purchase of ConocoPhillips Assets

Santos said it has completed the purchase of ConocoPhillips's assets in northern Australia for a reduced upfront purchase price of US$1.265 billion.