OPEC, Allies Agree to Increase Output by 500,000 Barrels a Day

The agreement ends a standoff over oil policy between the two sides, promising a modest boost to global supplies as oil markets tighten. 


 
Energy Trader Vitol Paying $163 Million to Settle Charges

Swiss-based energy firm Vitol agreed to pay $163 million to settle criminal and civil charges that its employees paid bribes to gain an advantage when bidding for oil in Brazil, Mexico and Ecuador. 


 
U.S. Coal Industry Sends Two More Producers to Bankruptcy

Falling demand for U.S. coal during the coronavirus pandemic continues to take a heavy financial toll on the industry, tipping two more coal production companies into bankruptcy. 


 
International Oil Benchmark Weighs Adding U.S. Crude to Mix

Brent crude, the international gauge for oil prices, may be overhauled to reflect the growing importance of U.S. exports in global energy markets. 


 
Oil prices end higher as OPEC+ agrees to a gradual increase in output for 2021

Oil futures end higher Thursday, as major producers agreed to a gradual increase in crude production starting in January, defying earlier expectations for an extension of current output cuts. 


 
Natural Gas Falls to 2-Month-Low

Natural gas prices plunged 9.8% to close the session at a two-month-low as another batch of warmer-than-normal weather appears set to arrive in large parts of the U.S. this weekend. 


 
South Carolina Utility Agrees to $137.5 Million Settlement

Scana and a subsidiary agreed to a $137.5 million settlement to resolve civil fraud charges related to a failed nuclear power plant expansion, federal prosecutors said. 


 
Chevron Slashes Spending Plans as Coronavirus Hammers Oil Demand

The oil company said it would cut its annual capital spending budget by 26% next year and sharply through the middle of the decade. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
U.S. Oil Inventories Fall as Fuel Stockpiles Climb

Government data showed U.S. inventories of crude oil declined by a smaller-than-expected 679,000 barrels in the latest week, but gasoline and other fuel supplies surged higher.

(END) Dow Jones Newswires

12-04-20 0015ET