Iran-Backed Houthi Rebels Say They Targeted Saudi Oil Port
The Saudi Energy Ministry said an assault had targeted petroleum tanks at the Ras Tanura port, which afterward was operating as normal, according to several shipping sources.
WTI Oil Ends at 22-Month-High Above $66
U.S. benchmark oil price ended the session 3.5% higher and finish the week 7.5% higher, at $66.09 a barrel, its highest level since late April 2019.
Texas Opts Not to Fix $16 Billion Power Overcharge
The state's utility commission said repricing power markets was too difficult, a day after an independent monitor recommended that the overcharges during the storm crisis be reversed.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
China's Pursuit of Natural Gas Jolts Markets and Drains Neighbors
Beijing's quest to run the world's second-largest economy on cleaner energy is reshaping global trade in the fossil fuel.
Norsk Hydro Sells Rolling Unit in $1.7 Billion Deal
Norway's Norsk Hydro has agreed to sell its rolled-products business to U.S. private-equity firm KPS Capital Partners in a deal worth $1.66 billion.
Judge Allows Challengers to Trump-Era Oil Drilling Safety Rule to Review Agency Records
A federal judge in Louisiana says an oil-safety regulator must turn over communications as part of a lawsuit over a Trump administration change.
OPEC-Plus Keeps Lid on Oil Output, and Prices Rise
OPEC and a Russia-led coalition of oil producers kept most of their production cuts in place, surprising traders and sending oil prices up dramatically.
Texas Overcharged $16 Billion for Power During Freeze
The state extended peak prices for more than a day longer than needed, said the independent monitor, which is recommending the charges be reversed.
Wind Power Was Thriving in Texas. Then Came the Freeze.
Wind farms have boomed in the Lone Star State, but one week of extreme wholesale power prices left many operators in financial distress.
(END) Dow Jones Newswires
03-08-21 0015ET
