Oil ends sharply lower as COVID-19 cases rise, further threatening demand

Oil futures end sharply lower Friday, remaining under pressure as COVID-19 cases continued to rise, underlining worries over demand as some countries introduce new restrictions on business and consumer activity. 


 
U.S. Oil-Rig Count Rises by 5 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by five in the latest week to 226, according to oil-field services firm Baker Hughes. 


 
Trump Names New FERC Chairman

Neil Chatterjee, who has backed policies in support of clean energy, is being replaced as head of the Federal Energy Regulatory Commission by fellow commissioner James Danly. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Trump Administration Set to Sanction Top Pro-Hezbollah Politician

The Trump administration is expected on Friday to impose sanctions on one of Lebanon's most powerful Christian politicians in an effort to chip away at Hezbollah's grip on power. 


 
Green-Power Giant Capitalizes on Energy Transition With $88 Billion Investment

Spain's Iberdrola said it would double its renewable power capacity over the next five years, highlighting how some of Europe's lesser-known utility companies have become major players in the global energy industry. 


 
BP, Stricken by Low Oil Prices, to Sell London Headquarters

BP is in talks to sell its London headquarters to help cover debt, punctuating the crisis facing the British oil giant and its peers as they navigate a pandemic that has decimated demand for oil. 


 
U.S. Crude-Oil Inventories Decline Sharply

U.S. inventories of crude oil fell sharply, while gasoline stockpiles unexpectedly increased, according to weekly data released Wednesday by the Energy Information Administration. 


 
Cold Weather Thaws Natural-Gas Prices

Winter's approach and a lot of working from home have lifted natural-gas prices to more than double their summer lows. 


 
Saudis, Other OPEC Producers Consider Deeper Cuts Amid Pandemic

The debate comes at a time when the Organization of the Petroleum Exporting Countries had hoped to be in a position to start turning oil production back on.

(END) Dow Jones Newswires

11-06-20 1615ET