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News Highlights: Top Energy News of the Day

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10/16/2020 | 12:16pm EDT
Oil falls as demand concerns set prices up for a loss on the week 

Oil futures trade lower Friday, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude.

CFTC Votes to Pass Final Rule on Position Limits 

The move affects the size of speculators' bets in markets for commodities including gold, cattle and crude oil.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Nigeria's Army Says It Is Ready to Step In to Quell Protests 

The military in West Africa's biggest oil-producing nation said it was prepared to act decisively to help the government maintain law and order, after eight days of demonstrations against police brutality.

U.S. Oil and Fuel Inventories Fall Sharply 

U.S. inventories of crude oil fell more than expected, while gasoline and diesel inventories also declined sharply, according to data released Thursday by the Energy Information Administration.

Coal Finds a Surprising 2020 Bright Spot in Europe 

Power plants started to burn more thermal coal over the summer and fall, responding to a steep rise in the price of natural gas.

Divestment Campaigns Move Beyond Oil 

The campaign to divest fossil-fuel stocks has picked up speed in recent years and hit investors where it hurts. The next targets aren't so easy to identify.

PQ Group Holdings to Sell Performance Materials Business for $650 Million 

The company is selling the business to an affiliate of the Jordan Co., it said Thursday. It said expects the deal to close by the end of this year.

Bribery Probe Into a Nuclear Plant Bailout Examines Facilities' Owner 

A criminal investigation into an alleged bribe to secure a bailout of troubled nuclear plants in Ohio is looking at the energy company that prosecutors say supplied some of the money and now owns the facilities.

Oil Recovery Expected to Falter Though Supply Glut Shrinks 

The world is burning through the oil supply glut that threatened to cripple the energy industry a few months ago, but spiraling coronavirus infection numbers are putting the recovery in jeopardy, the IEA said.

(END) Dow Jones Newswires

10-16-20 1115ET

Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.11% 134.45 End-of-day quote.-7.59%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.14% 105 End-of-day quote.-15.92%
LONDON BRENT OIL -1.23% 40.08 Delayed Quote.-37.71%
PQ GROUP HOLDINGS INC. -2.01% 12.21 Delayed Quote.-28.93%
WTI -1.44% 38.29 Delayed Quote.-36.11%
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