Oil Rises Amid Broader Dollar Weakness 
 

Oil prices were higher in early European trade, building on recent gains, with ING's Warren Patterson citing a weakening dollar for the uptick.


 
Emissions Costs Jump in Europe, Hastening Coal's Demise 
 

The price of carbon credits in Europe has rebounded from a pandemic low, reflecting government stimulus efforts and the reopening of economic activity.


 
Russian Oil Grab in Libya Fuels U.S.-Kremlin Tensions 
 

Military contractors linked to the Kremlin have seized control of two of Libya's largest oil facilities, heightening tensions between Russia and the U.S. over Moscow's growing footprint in the African nation.


 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities


 
NRG Energy to Acquire Direct Energy for $3.6 Billion 
 

The wholesale and retail power company will add more than three million customers throughout the U.S. and Canada with the acquisition, which will widen its geographic footprint.


 
U.S. Oil-Rig Count Rises by 1 in Latest Week, Baker Hughes Says 
 

The number of rigs drilling for oil in the U.S. rose by one in the past week to 181, according to oil-field services company Baker Hughes.


 
Services Giants Will Weather the Drilling Drought 
 

Leading oil-field-services companies Halliburton, Baker Hughes and Schlumberger have done themselves a favor by quickly confronting their new reality and ruthlessly cutting costs.


 
China Pushes Energy Reform With Pipeline Deals 
 

China is moving to wean its economy off coal and boost use of cleaner natural gas, with two of the country's energy giants set to pump nearly $56 billion of assets into a new national pipeline firm.


 
Schlumberger Cuts 21,000 Jobs Amid Historic Oil Downturn 
 

The world's largest oil-field services company is cutting about 21,000 jobs as oil producers slash spending in response to a historic drop in prices amid the coronavirus pandemic.


 
Equinor Swings to Net Loss Amid Lower Oil and Gas Prices 
 

Equinor swung to second-quarter net loss as cost cuts weren't enough to offset lower oil and gas prices.