Oil boosted as Norway strike, U.S. hurricane curtail crude output
Oil prices rise Thursday, lifted as strikes in Norway continue to weigh on production in he North Sea and Hurricane Delta forces the shut-in of crude and natural-gas production in the Gulf of Mexico.
Natural Gas Turns Higher on Small Storage Injection
Natural gas prices erased earlier declines, turning higher after data on weekly storage injections came in close to forecasts and below the typical increase for this time of year.
Global Oil Demand Won't Peak Before 2040, OPEC Says
The world's appetite for crude oil won't reach its apex for another two decades, OPEC said, offering a much more optimistic view of the world's post-coronavirus demand than many other forecasts.
Banks' Arctic Financing Retreat Rattles Oil Industry
Defenders of the oil-and-gas industry are fighting back against banks who want to stop financing new Arctic-drilling projects, fearing it could be a harbinger of an unbankable future for fossil-fuel companies.
Hydrogen's Dirty Little Secret
Most of this emission-free gas is currently produced using fossil fuels and a lot of work is required to clean it up.
Exxon Could Get a Chemical Turbo Boost if Oil Rebounds
Higher crude prices are good for petrochemical producers weighted toward North America and the Middle East-such as Exxon-because those gains make their products based on natural-gas liquids more competitive.
There's No Oil in Wisconsin. The Fracking Bust Hit It Anyway.
Mines that sent trainloads of "Northern White" sand to West Texas for hydraulic fracturing sit idle, costing jobs and hurting local-government coffers.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Gazprom Faces $7.58 Bln Fine From Polish Regulator
Poland's anti-monopoly office UOKiK said that it had imposed a 29 billion-zloty ($7.58 billion) fine on Gazprom related to the building of the Nord Stream 2 gas pipeline.
Saudi Aramco Raises Price of Selling Light Crude to Asia
Saudi Aramco increased the price for its Arab light crude oil--which it will sell next month to Asia--by 10 cents a barrel, giving it a 40 cents-a-barrel discount to the Oman/Dubai average.
(END) Dow Jones Newswires
10-08-20 1115ET
