WTI Plummets as Crude Demand Reaches 'Plateau'
Crude prices dove 5% in New York amid fears of excessive supply and prolonged weakness in demand as Covid-19 fears rise.
Natural Gas Falls After Storage Report
Natural gas prices fell 2% after the Energy Information Administration reported weekly storage increases were below forecasts and the historical average, but total inventories remained relatively high.
Oil's Recovery Set to Drag On Beyond Next Year
Crude prices late next year will remain well short of the level they hit in the weeks before coronavirus-induced travel restrictions and lockdowns began to weigh on prices, investment banks say.
Suez Supports Ardian Plan to Launch Takeover Bid for Company
Suez has backed private-equity firm Ardian's plan to launch a takeover bid for the company, the latest development in a story that this week saw Veolia Environnement increase its bid for Engie's shares in Suez as part of its plan to take over its rival.
Investors Have a Local Route into China's Hydrogen Plans
China is further along the road to adopting hydrogen as a potentially green transport fuel than most of its peers. Investors don't need to buy Chinese stocks to gain exposure.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
NextEra, Renewable-Energy Giant, Seeks Greater Scale With a Duke Takeover
NextEra Energy's pursuit of Duke Energy could result in a merger of utility giants that would speed the renewable-energy transition in the South and Midwest.
Oil Giant Total Pledges Renewable Power Push
Total SA pledged to ramp up its spending on renewable energy and reduce its dependence on petroleum, the latest move by a major oil company toward cleaner power.
India Govt Extends Deadline for BPCL Stake Bids
The Indian government has extended the deadline to submit bids for Bharat Petroleum, giving interested parties another month to make offers for the oil-and-gas company.
Utility Megadeal Looks Unlikely and Unappetizing
Duke Energy's shares surged after the Journal reported that NextEra Energy made a takeover approach. The enthusiasm looks premature.
(END) Dow Jones Newswires