Oil Futures Fall as U.S. Crude Supplies Climb
Oil prices posted a loss on Thursday after U.S. government data revealed a weekly climb in U.S. crude inventories, on the heels of six consecutive weeks of declines, raising expectations of an oversupplied market as uncertainty continues to surround the outlook for demand.
Moderate Weather Drives Natural Gas Lower
Natural gas settled 3.5% lower Thursday as storage remains robust and traders, frustrated with the pace of recovery from Covid-19 crisis, fret about low demand.
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.
Why Wildfires Are So Bad This Year in California, Oregon and Washington
The American West is facing one of the most dangerous and overwhelming fire seasons in history due to high temperatures, strong winds, dry forests and lightning storms.
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
Quantum Energy Partners Hires Its First CTO
Sebastian Gass worked for the past 13 years at energy company Chevron Corp., where he was general manager for technology and strategy. He began his career in California at German software giant SAP AG and worked at other software companies before joining Chevron.
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.