Oil prices settle higher on stimulus hopes, weaker dollar

Oil futures settle higher Tuesday, taking a cue from rallying equity markets and a weaker dollar as traders shake off a cut in the International Energy Agency's forecast for 2021 crude demand. 


 
Iran Sanctions Trump in Parting Shot at Outgoing Administration

The sanctions against President Trump and nine other U.S. officials represent a parting shot against an outgoing administration that has pummeled the country and its top officials with sanctions. 


 
Trump Rules Easing Power-Plant Emissions Limits Are Vacated by Court

The federal appeals court ruling could undo a Trump administration bid to give states and utilities more flexibility in how they cut greenhouse-gas emissions, and gives the incoming Biden administration an opening to reset rules for addressing climate change. 


 
Great Lakes Pipeline Adds Heat to U.S.-Canada Energy Tensions

Michigan has ordered Calgary-based Enbridge to close an oil pipeline that supplies Canada's most populous region, adding another point of conflict in the energy relationship between the U.S. and Canada. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Faro Energy Raises $60 Million for Solar-Energy Bets in Brazil

Faro Energy Group, the Brazilian unit of clean-energy investment firm Modern Energy Group, has closed on $60 million for a fund that backs distributed solar-power projects in Brazil, wrapping up the vehicle after recently raising $30 million to add to capital commitments made since 2019. 


 
Oil Giant Total Buys Stake in World's Biggest Solar Developer

French energy giant Total said it would pay $2.5 billion for a 20% stake in the world's largest solar developer, the latest move by an oil major to expand in renewable power. 


 
Record Liquefied Natural Gas Prices in Asia Won't Last

A cold snap and a supply crunch have created a perfect storm for liquefied natural gas prices in Asia, but investors in the sector should be aware that the pendulum is likely to swing the other way soon. 


 
Biden's Climate Plan to Get a Boost From Democrat-Led Senate

The Senate has been reluctant to forcefully address climate issues with new regulations, but expectations are growing after election victories in Georgia Jan. 5 gave Democrats control of that chamber. 


 
Oil-and-Gas Industry Faces a Long Recovery From Pandemic Lows

Spending on oil production world-wide isn't expected to climb back up to pre-pandemic levels through at least 2025.

(END) Dow Jones Newswires

01-20-21 0015ET