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News Highlights: Top Energy News of the Day

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07/29/2020 | 04:16am EDT
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say 

U.S. crude-oil stockpiles are expected to decrease 600,000 barrels while gasoline stockpiles are expected to decrease by 1.4 million barrels in data due Wednesday, according to a survey of analysts and traders.

Oil Ends at More Than One-Week Low as Traders Fret Over Demand, Ahead of Weekly Supply Data 

Oil futures logged their lowest finish in more than a week, as the U.S. dollar steadied and traders continue to fret over the outlook for energy demand, ahead of weekly U.S. petroleum supply data.

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.


Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 1.22% 13.29 Delayed Quote.-48.15%
LONDON BRENT OIL -1.00% 41.78 Delayed Quote.-38.18%
NRG ENERGY, INC 3.50% 30.74 Delayed Quote.-22.67%
SCHLUMBERGER LIMITED -0.26% 15.56 Delayed Quote.-61.29%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.55% 77.068 Delayed Quote.27.06%
WTI -0.96% 39.68 Delayed Quote.-34.77%
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