Oil Falls in Early Trade as Demand Worries Weigh
Oil prices extended losses in early European trade, after the latest API data raised concerns about gasoline demand.
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say
U.S. crude-oil stockpiles are expected to decrease .by 2.7 million barrels while gasoline stockpiles are expected to decrease by 1.2 million barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders.
RWE Falls After Surprise Share Issue
RWE shares were hit in early trade after the German energy company launched an unexpected share issue to raise roughly EUR2 billion, with the proceeds aimed at boosting its renewables pipeline.
Oil Industry Frets About Recruiting Its Next Generation of Workers
A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles.
A Chinese Power Stock With a Mighty Tailwind
Ming Yang Smart Energy Group benefits from Chinese stimulus and a lack of baggage that weighs down many competitors.
BHP Posts 4% Profit Drop, Wants to Stop Mining Thermal Coal
BHP Group reported a 4% drop in annual net profit, and said it wanted to stop mining thermal coal and would seek buyers for some older oil and gas assets.
California Blackouts Show Limits of Green Power
The state's grid operator warned millions of residents could lose power in coming days as it struggles to meet electricity demands of the many people who are riding out a crippling heat wave indoors during the pandemic.
Chevron Pursues Exploration Deal in Iraq
The U.S. oil major could unveil a pact with Baghdad on the sidelines of a White House visit this week, in what would be a boost to Iraq's oil industry.
Interior Secretary Approves Oil Drilling Program in Alaska's Arctic Refuge
The Trump administration approved an oil leasing program for the Arctic National Wildlife Refuge, opening up the pristine, 19-million-acre wilderness to drilling for the first time and making it more difficult to unwind the decision should Democrats recapture the White House in November.
SAExploration Sees 'Substantial Risk' It Might File for Bankruptcy
SAExploration Holdings Inc., an oil-services company that is under federal investigation and that received $6.8 million in coronavirus relief aid, says there might be a significant chance it will file for bankruptcy.
