Saudi Arabia to Cut Oil Production Sharply in Bid to Lift Prices

The kingdom flexed its market muscle in a surprise move that signals its fear that the Covid-19 pandemic will further hit the global economy. 


 
WTI Oil Ends at 10-Month-High Just Under $50

WTI oil prices ended at their highest level since late February, just narrowly missing the psychological $50 level as they closed 4.9% higher at $49.93 a barrel. 


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

U.S. crude-oil stockpiles are expected to decline by 1.8 million barrels from the previous week while gasoline stockpiles are expected to rise by 900,000 barrels in data due from the Energy Department, according to a survey of analysts and tradersl. 


 
Crude Collapse Hands Payday to Oil Trader Pierre Andurand

The collapse in oil prices triggered by the coronavirus pandemic handed a big payday to Pierre Andurand, one of the few hedge-fund managers to have survived years of disappointing returns in commodity markets. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
U.S. to Remove Penalties for Accidentally Killing Migratory Birds

Business groups and local governments pushed for limits on the 102-year-old law. 


 
Renewable-Energy Investors Seek Returns in Project Development

Backing renewable-energy development entails risks that can derail projects before they produce any power or revenue. 


 
Exxon Confirmed a Big Write-Down. Another Quarterly Loss May Be on the Way.

Exxon stock is lower after the energy giant said it sees a $20 billion asset write-down. It may incur a fourth-quarter loss as Exxon continues to grapple with the pandemic's effect on energy prices. 


 
U.S. Oil-Rig Count Grows by 3 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. increased by three in the latest week to 267, according to oil-field services firm Baker Hughes. 


 
Japan Group to Lend Vietnam $1.8 Billion for Coal-Fired Power

The government-owned Japan Bank for International Cooperation said it would lend slightly more than a third of the total $1.767 billion in financing for the project in central Vietnam's Vung Ang district.

(END) Dow Jones Newswires

01-06-21 0015ET