Total Takes $8 Billion Write-Down on Weak Oil Outlook
The French energy giant is reducing the value of its Canadian oil-sand assets and LNG assets in Australia, citing higher costs and lower demand.
Oil Settles Higher as U.S. Supplies Plunge
Oil futures settled higher, buoyed by the 10.6 million-barrel weekly decline in U.S. crude supplies reported by the EIA.
U.S. Oil Inventories Plunge as Refinery Activity Speeds Up
U.S. inventories of crude oil fell sharply by 10.6 million barrels to 526 million barrels last week as refinery activity picked up much more speed than expected, according to new data released by the EIA.
Analysts Expect 25 Billion Cubic-Foot Injection in Natural Gas Storage
U.S. government natural-gas data due Thursday are expected to show inventories rose last week by 25 billion cubic feet -- a smaller amount than usual as hotter-than-normal July temperatures increased gas-fired power burn as residents cranked up their air conditioners.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
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.
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.