Oil prices buoyed as Tropical Storm Zeta forces U.S. Gulf shutdowns

Oil futures recover some ground early Tuesday, finding support as another major storm weighed on output in the Gulf of Mexico, though worries the impact on demand from the ongoing rise in COVID-19 cases globally continue to hang over the market. 


 
BP Posts Fifth Straight Quarterly Loss

U.K. energy company BP reported a fifth consecutive quarterly loss, providing the first glimpse of how major oil companies navigated the third quarter amid a prolonged slump in demand. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Robert Murray, Stubborn U.S. Coal Titan, Dies at Age 80

Robert E. Murray, who used an aggressive acquisition strategy to build Murray Energy into a coal-mining giant even as falling prices drove rivals out of business, died Sunday. 


 
PG&E Cuts Power to Hundreds of Thousands

PG&E said it was pre-emptively cutting power to about 361,000 customers in northern and central California in an effort to prevent wildfires, marking the largest such shut-off it has reported this year. 


 
Auto Makers Shift Hydrogen Focus to Big Rigs

Auto makers have spent decades developing hydrogen fuel cells as a green alternative for cars with little to show for it. Now, they are shifting their attention to the trucking industry. 


 
Fed's Purchase of Energy Company Debt Continues to Raise Questions

The Federal Reserve's purchase of bonds issued by energy companies continues to draw scrutiny, even as central bank officials say it is part of their broader efforts to support corporate borrowing and is intended to help the economy navigate the coronavirus pandemic. 


 
Galp Earnings Fall as Upstream Suffers

Portugal's Galp reported a sharp drop in third-quarter underlying earnings hit by a lower contribution from its upstream segment and refinery, reflecting weaker commodity prices and market conditions. 


 
Cenovus and Husky to Merge in $2.89 Billion Deal

The deal, unveiled early Sunday, would create the third-largest oil and natural-gas producer in Canada and the second-largest Canadian refiner. 


 
U.K. Detains Stowaways Aboard Oil Ship After Standoff With Crew

British authorities detained seven stowaways on an oil tanker just a few miles from the English coast, after crew members called for help and locked themselves in the vessel's safe room, according to the ship's operator.

(END) Dow Jones Newswires

10-27-20 1115ET