Oil Wavers As Market Eyes Hurricane Laura

Brent crude oil was up 0.1% at $46.34 a barrel and WTI futures were down 0.1% at $43.27 a barrel after U.S. crude futures closed Tuesday at their highest price since March as the market braces itself for the landfall of Hurricane Laura, expected late Wednesday. 


 
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say

U.S. crude-oil stockpiles are expected to decrease by 3 million barrels while gasoline stockpiles are expected to decrease by 1.6 million barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Exxon's Departure From Dow Highlights Market's Retreat From Energy Bets

The blue-chip index will include only one energy stock, Chevron, which will represent just 2.1% of the price-weighted index. 


 
Valaris Wins OK to Protect $5 Billion in Potential Tax Breaks

The offshore drilling contractor, which recently filed for bankruptcy, received court permission to restrict the trading of its stock to protect more than $5 billion in possible tax breaks. 


 
Hurricane Laura Bears Down on Texas and Louisiana

Hurricane Laura gathered strength in the Gulf of Mexico Tuesday, as it churned toward the Texas and Louisiana coasts, where it is projected to make landfall as a Category 3 storm late Wednesday or early Thursday. 


 
Carlyle Buys Eight Solar Projects in Maine

Carlyle Group has acquired eight solar projects in Maine as the asset manager seeks to capitalize on New England's expanding renewable-energy market. 


 
Oil Companies Brace for Twin Gulf Coast Storms

Companies have shut in roughly 82% of offshore oil production in the Gulf of Mexico and are securing refineries and petrochemical plants as two tropical storms barrel toward Louisiana and Texas. 


 
Norway's Biggest Private Money Manager Exits From Exxon, Chevron Over Climate Change

Norway's largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal and oil sands. 


 
Proposed Alaska Mine Faces Roadblock Over Environmental Concerns

A massive gold and copper mine planned for Alaska faces widespread opposition in the Trump administration over concerns that the project's developer couldn't resolve environmental risks associated with the project, a senior administration official said Sunday.