WTI Oil Ends Higher on Stimulus Hopes
U.S. benchmark oil prices ended the session 0.9% higher at $40.60 a barrel, the highest closing price in more than a week as investors turn bullish amid rising hopes Washington lawmakers can come together to pass another stimulus deal over coronavirus.
Devon Energy, WPX to Merge in All-Stock Deal
The combination of shale drillers would have a combined market value of about $6 billion and fortify them against the sharp drop in oil demand caused by the Covid-19 pandemic
EPA Raises Legal Questions About California's Plan to Ban New Gas-Powered Cars Starting in 2035
The Environmental Protection Agency attacked California Gov. Gavin Newsom's plan to ban sales of new gasoline and diesel-powered passenger cars in the state by 2035, arguing that the mandate is impractical and possibly illegal.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires.
U.S. Oil-Rig Count Rises by 4 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by four in the past week to 183, according to oil-field services company Baker Hughes. The week's count was lower by 530 from the year-ago period.
With Electric-Car Target, California Is Going to Need a Bigger Grid
Converting all passenger cars and trucks to run on electricity in California could raise power demand by as much as 25%. That poses a major challenge for a state already facing periodic rolling blackouts as it rapidly transitions to renewable energy.
Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff
The London-based operator of offshore oil-and-gas drilling rigs has settled multibillion-dollar litigation over its 2014 spinoff of Paragon Offshore, a critical step in Noble's path to exiting bankruptcy.
Peak Oil Is Already Shifting Markets
The prospect of falling demand for crude oil could unleash a long-term scramble between rival producer nations.
Fracker Extraction Oil Greased the Political Skids in Colorado
In the two years before it went bankrupt in June, Extraction Oil & Gas funneled more than $10 million into political donations, most of it aimed at quashing a movement that threatened its business of forcing oil and gas out of the Colorado bedrock.
Fracking-Services Company FTS International Files for Bankruptcy
Texas-based FTS International filed for bankruptcy protection after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services.
