Coronavirus Outbreaks Threaten Oil Majors' Biggest Projects
Oil companies 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. 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.
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.
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.
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.
Wielding Sanctions, U.S. Disrupts Iranian Fuel Shipments to Venezuela
Washington has disrupted planned Iranian fuel deliveries to Venezuela by threatening sanctions against shippers, U.S. officials said, temporarily thwarting 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.