Oil Follows Stocks Cautiously Higher
Oil prices extended gains in Europe as the market largely tracked advancing stock markets and seemed to be ignoring the rise in coronavirus infections across the U.S., said Oanda's Jeffrey Halley.
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.
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.
Drax, Mitsubishi Launch Biomass Pilot Project in Yorkshire
Drax is partnering with Mitsubishi Heavy Industries to develop a bioenergy with carbon capture and storage pilot project at its incubation area in North Yorkshire.
