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News Highlights : Top Energy News of the Day

10/27/2020 | 11:16pm EST
Trump Weighs Executive Order to Show Support for Fracking 
 

President Trump is considering issuing an executive order mandating an economic analysis of fracking, according to senior administration officials, who say the initiative is aimed at highlighting his support for the energy industry in battleground states.

 
U.S. Crude-Oil Stockpiles Likely to Rise in DOE Data, Analysts Say 
 

U.S. crude-oil stockpiles are expected to increase by 800,000 barrels while gasoline stockpiles are expected to decrease by 400,000 in data due Wednesday, according to a survey of analysts and traders.

 
SoCal Edison Says It May Have Caused Orange County Wildfire 
 

The Silverado Fire has consumed more than 11,000 acres of tinder-dry brush in the foothills above Irvine and other cities south of Los Angeles.

 
Oil gains as Tropical Storm Zeta forces shutdown of roughly half of U.S. Gulf output 
 

Oil futures finish higher Tuesday as another major storm cuts energy output in the Gulf of Mexico by roughly half, 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.

(END) Dow Jones Newswires

10-28-20 0015ET

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