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News Highlights: Top Energy News of the Day

06/05/2020 | 04:16pm EST
Oil Prices Rise on U.S. Economy, OPEC Cuts 

U.S. oil prices ended up 5.7% at three-month high $39.55 a barrel and have now increased six consecutive weeks as U.S. jobs data and other indicators suggest global oil demand will continue to recover from coronavirus.

OPEC, Allies to Finalize Oil-Cut Extension After Resolving Dispute 

The oil producers are set to meet Saturday to finalize an extension of their production curbs through July, delegates said, after resolving a dispute over compliance and move cautiously to rebalance crude markets.

U.S. Oil-Rig Count Falls by 16 in Latest Week -- Baker Hughes 

The number of rigs drilling for oil in the U.S. fell by 16 in the last week to 206, according to oil-field services company Baker Hughes.

IAEA Voices Concern Over Iran Blocking Inspector Access to Sites 

The United Nations atomic agency raised alarms about Tehran's failure to let inspectors access two sites or answer questions about possible undeclared material. The watchdog also reported another big jump in Iran's nuclear-fuel stockpile.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Trump Issues Order to Expedite Projects, Sidestep Environmental Reviews 

President Trump has ordered federal agencies to use emergency authority to sidestep environmental reviews to expedite highways, pipelines and other major infrastructure projects as a way to boost an economic recovery from the coronavirus pandemic.

Putin Declares Emergency Over Massive Arctic Fuel Spill 

Investigators have launched a criminal probe into a spill at a power plant after the Russian leader upbraided a senior official for his handling of the incident.

PG&E Faces Renewed Challenge Over Bankruptcy Votes From Wildfire Victims 

Demands for an examiner to probe the voting process are before U.S. Bankruptcy Judge Dennis Montali, who must rule on PG&E's chapter 11 plan.

America's Natural-Gas Woes Are Imported 

Natural-gas inventories are bulging before summer has begun and neither domestic supply nor demand is the reason.

Infigen Energy Considering Response to UAC Takeover Bid 

Infigen Energy said it is considering its response to a takeover bid by UAC Energy Holdings and that shareholders should take no action until its own board makes a formal recommendation.


Stocks mentioned in the article
ChangeLast1st jan.
LETS HOLDINGS GROUP CO., LTD. 1.62% 6.89 End-of-day quote.-11.44%
LONDON BRENT OIL 0.82% 75.92 Delayed Quote.42.28%
LOOK HOLDINGS INCORPORATED -0.44% 1368 End-of-day quote.42.95%
WTI 0.04% 72.593 Delayed Quote.40.14%
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12:16aNEWS HIGHLIGHTS : Top Energy News of the Day
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