Oil Falls as Texas Re-Orders Virus Closures

U.S. benchmark oil prices extended declines as a rise in coronavirus cases led Texas Gov. Greg Abbott to re-order all bars closed as of midnight Friday. 


 
Owners of Ailing Energy Trader Hit Back at Critical Report

The family owners of distressed energy trader Hin Leong Trading claimed unfair treatment after a report alleged serious irregularities, including a $3 billion-plus overstatement of its assets. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Utilities Team Up to Face Growing Cybersecurity Risks to Supply Chains

Southern Co. has joined American Electric Power in a partnership to vet vendors and analyze potential risks to the thousands of firms that comprise their supply chains, company officials said. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
U.S. Blacklists Iranian Tanker Captains Accused of Delivering Gasoline to Venezuela

The U.S. has imposed sanctions on five Iranians for allegedly captaining blacklisted Iranian ships to deliver gasoline from Iran to Venezuela. 


 
Minnesota Sues Exxon, Koch Over Climate Change

The Minnesota attorney general sued Exxon Mobil, Koch Industries and a top oil-and-gas trade group, alleging they have for years deceived consumers about the effects of climate change. 


 
U.S. Crude-Oil Inventories and Production Increase

Crude-oil stockpiles rose by 1.4 million barrels, reaching a record-high for the third straight week, and U.S. oil production rebounded from a tropical storm-caused decline, government data showed. 


 
'Massive' Forgery Helped Hide $3 Billion Hole in Energy Trader's Books

A distressed energy-trading company overstated its assets by more than $3 billion using "routine and pervasive" forgery, while its founder oversaw years of disastrous bets on oil derivatives, a report filed with a Singapore court said. 


 
Green Energy Is Finally Going Mainstream

The question for investors now is not whether carbon-free power is here to stay but how to avoid getting burned.