Oil Falls for 2nd Day on Virus Fears

U.S. benchmark oil prices closed lower for a second straight session, ending down 2% at $47.02 a barrel. The market has fallen more than $2 this week so far. 


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

U.S. crude-oil stockpiles are unanimously expected to decline from the previous week in data due Wednesday from the Energy Department, according to a survey of analysts and traders by The Wall Street Journal. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Oil Prices Tumble on New Covid-19 Travel Restrictions

Brent crude oil was course for its sharpest one-day drop since early September as a new strain of coronavirus discovered in the U.K. sparked fresh travel restrictions across Europe. 


 
Diamondback Buys Shale Driller QEP Resources

The company's acquisition of a West Texas rival adds to a run of low-premium takeovers in the U.S. shale patch. 


 
Shell Signals Another Poor Quarter for Oil Majors

Shell said it would write down the value of its assets by up to $4.5 billion and warned of another set of poor earnings for the fourth quarter, showing how the oil-and-gas industry continues to struggle amid the fallout of the pandemic. 


 
Fracking: From Breaking Shale to Breaking Even

Fracking is unique and revolutionary. Understanding the mechanics and economics of it can help investors understand the dizzyingly cyclical nature of energy markets. 


 
U.S. Oil-Rig Count Grows by Five in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. increased by five in the latest week to 263, according to oil-field services firm Baker Hughes. 


 
Transocean's $1.5 Billion Restructuring Survives Hedge-Fund Lawsuit

A federal judge upheld a $1.5 billion debt restructuring by offshore-drilling contractor Transocean ruling against a hedge-fund bondholder that claimed it was treated unfairly as the company took steps to survive a turbulent oil market. 


 
EDF Raises Earnings Guidance

EDF has lifted its forecast for 2020 Ebitda to EUR16 billion or slightly above, from a maximum of EUR15.7 billion previously.

(END) Dow Jones Newswires

12-23-20 0015ET