Trump Administration Nears Auctioning of Drilling Rights in Arctic Refuge

The Interior Department is taking final steps to secure oil development in the pristine, 19-million-acre Alaskan wilderness by initiating a leasing process to strike deals with drillers before President-elect Joe Biden can stop it. 


 
Oil rallies, with U.S. prices up 3% after positive Moderna vaccine results

Oil futures rally on Monday, with U.S. prices settling with a gain of 3% after Moderna Inc. said its vaccine candidate was highly effective in preventing new infections. 


 
Gulfport Energy Becomes Latest Natural Gas Producer to Seek Bankruptcy

Gulfport Energy, one of the largest producers of natural gas in the U.S., has filed for bankruptcy with a restructuring plan backed by its lenders that would cut $1.25 billion in debt from the balance sheet. 


 
Aramco Plans U.S. Dollar Bond to Plug Funding Gap

Saudi Aramco said it aims to issue a U.S. dollar-denominated bond, as the cash-strapped oil giant cuts jobs, considers asset sales and reviews its expansion plans. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. 


 
Covid-19 Makes Foreign Policy the Oil Patch's First Biden Fear

The effects of Covid-19 mean that Joe Biden's foreign policy, not domestic energy policy, might prove more impactful for U.S. energy companies in the near future. 


 
U.S. Oil-Rig Count Rises by 10 in Latest Week

The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 236, according to oil-field services firm Baker Hughes. 


 
EDF Keeps Profit Outlook Despite Sales Fall

EDF maintained its 2020 earnings forecast despite reporting a 4% drop in sales for the first nine months, which took a EUR2 billion hit due to the coronavirus pandemic. 


 
Engie Profits Fall But Forecasts Remain

Engie reported a sharp drop in operating income for the first nine months of the year. after it took a EUR1 billion hit from the coronavirus pandemic, but kept its 2020 forecasts intact for income and capex. 


 
Central Bank Leaders Embrace Climate Concerns as Key Policy Objective

Top central bank leaders said Thursday climate-change risks are an increasingly important consideration in their thinking about their respective economies and financial systems, and that environmental concerns also are increasingly a factor in their monetary policy considerations.

(END) Dow Jones Newswires

11-17-20 0415ET