Oil Ends Higher on OPEC Commitments
U.S. benchmark oil prices ended the session 0.3% higher at $41.11 a barrel and notched more than a $3 increase for the week, bolstered by OPEC promises to comply with production, and data showing another big drop in U.S. crude-oil inventories.
U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. fell by one in the past week to 179, according to oil-field services company Baker Hughes.
Natural Gas Rises But Posts Big Weekly Drop
Natural gas prices ended the session a slight 0.3% higher at $2.048/mmBtu, but posted a nearly 10% decline for the week that adds to last week's 12% plunge.
PG&E CFO Leaving for Another Utility
PG&E's finance chief, Jason Wells, who helped the utility negotiate its exit from bankruptcy, plans to depart after nearly five years in the role.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Oregon Fires Show Power Lines Pose Threat Beyond California
Oregon's worst wildfire season in recent memory is demonstrating that the risk of fires sparked by utility equipment during hot, dry winds is no longer confined to California, as drought and climate change kill trees and alter weather patterns.
Oil Producers' Best Customers Are in Trouble
Oil-demand forecasts keep getting cut, and the source of those reductions could generate more concern in the future.
Trump's Promise to Revive Coal Thwarted by Falling Demand, Cheaper Alternatives
Coal companies experienced a brief renaissance during the first two years of Mr. Trump's term. U.S. coal output and consumption are now on pace to decline at faster annual rates, on average, under President Trump than under President Obama. Still, many in the industry fear things would be even worse under a President Biden.
U.S. Gas Exporters Eye Europe's Surging Prices
Natural-gas prices have surged in Europe, offering good news for exporters that invested in infrastructure for shipping it over the past decade, only to contend with a collapse in sales when the pandemic struck.
Power Companies Brace For Supply Chain Shake-Up From New Cyber Rules
Many electricity companies and vendors are holding their breath as the Trump administration finalizes new limits on foreign equipment in an effort to bolster the U.S. power grid's cybersecurity.
