Oil Ends Lower on Rig-Count, Norway Strike
U.S. benchmark oil prices ended 1.4% lower as a rising U.S. oil rig-count and the reported end of a Norway oil workers strike could raise output and keep supplies robust amid weak demand from coronavirus.
Saudis Consider Canceling OPEC Plans to Boost Output
The debate inside Saudi Arabia comes amid weaker-than-expected oil demand, as Covid-19 cases in many parts of the world rise and the expected return of Libyan crude threatens to swell global supplies.
U.S. Oil Rig-Count Hits Highest Since June
The number of active oil-targeting rigs in the U.S. rose for a third straight week to the highest level in nearly four months, according to data from oilfield services company Baker Hughes.
Hurricane Delta Expected to Hit Louisiana Region Pummeled by Laura
Rain from Hurricane Delta spread into southwestern Louisiana as the storm approached the region still recovering from Hurricane Laura. Delta is expected to bring powerful gusts, dangerous flooding and storm surge when it makes landfall.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Peak Oil? OPEC Says the World's Richest Countries Are Already There
The world's thirst for oil is unlikely to peak for two more decades but may already have crested in the U.S. and other wealthier countries, according to a forecast by OPEC.
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.
(END) Dow Jones Newswires