WTI Slips Ahead of Weekly Inventory Report
The U.S. WTI oil benchmark was lower as traders grappled with sluggish demand and fears this week's EIA inventory report, coming out this morning, would reveal excessive supply.
Natural Gas Prices Lower After Data
Natural gas prices remained lower after the EIA reported domestic supplies of natural gas rose by 70 billion cubic feet for week ended Sept. 4. That was higher than the increase expected.
U.S. Crude-Oil Stockpiles Likely to Decline in DOE Data, Analysts Say
U.S. crude-oil stockpiles are expected to decline by 1.2 million barrels while gasoline stockpiles are expected to decrease by 1.9 million barrels in data due Thursday from the Energy Department, according to a survey of analysts and traders.
Oil Major BP Gives a Taste of How It Will Go Green
A deal to buy into wind farms off the coast of New York and Massachusetts showcases the British company's ambitions in the clean-energy sector-and the risks it is taking.
Oil Traders Gird for More Price Swings
Traders are betting on fresh upheaval in the oil market, in an abrupt turnaround from the calm of recent months.
BP Expands U.S. Offshore Wind Presence
BP has agreed to pay $1.1 billion for some of Equinor's U.S. assets as part of a deal with the Norwegian group to develop offshore wind projects in America.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Blackstone's Energy Alloys Files for Bankruptcy
The bankruptcy involves the U.S. and Canadian operations of a private-equity-backed company that also does business in Asia, Europe and the Middle East providing carbon, alloy, stainless steel and nickel solid bar and tube-based products to global oil-field service manufacturers.
Sasol Offloads Oxygen Plant to Air Liquide
Sasol has agreed to sell its air separation business, which includes the biggest oxygen production site in the world, to Air Liquide for $512 million.
Tullow Oil Faces Possible Cash Crunch
Tullow Oil shares fell more than 10% after the company warned it could face a liquidity shortfall by April 2022, and would need to negotiate a financial restructuring with its creditors to continue trading.