Biden Administration to Finance $8 Billion in Power-Grid Upgrades

The administration sees the program as part of its effort to address climate change through infrastructure improvements needed to expand use of alternative energy. 


 
Oil ends at 1-week highs as OPEC+ meets a day early and decides keep its output plans in place

Oil futures finish at their highest prices in a week on Tuesday after the Organization of the Petroleum Exporting Countries and its allies surprised the market by meeting a day earlier than scheduled, and decided to keep their current plan to gradually raise production in place. 


 
Chesapeake Energy CEO Is Leaving Shale Driller

Doug Lawler's departure comes two months after the once-highflying shale-gas company emerged from bankruptcy. 


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

U.S. crude-oil stockpiles are expected to decrease by 100,000 barrels while gasoline stockpiles are expected to rise by 200,000 barrels from the previous week in data due Wednesday, according to a survey of analysts and traders. 


 
BP to Buy Back Shares as Oil Price Recovery Boosts Profit

BP said it would boost returns to shareholders after higher oil prices and strong trading results buoyed its first-quarter earnings, the strongest sign yet that a recovery is under way in one of the industries worst hit by the pandemic. 


 
Ford Plans to Manufacture Its Own Batteries for Electric Vehicles

The auto maker said it is looking to open a $185 million battery-development center in southeast Michigan next year. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Israeli, U.A.E. Firms Set Up Biggest Deal Since Diplomatic Agreement

Delek Drilling said it plans to sell its share of an offshore natural-gas field to U.A.E.-owned Mubadala Petroleum in what would be the biggest commercial deal between the countries since they agreed to normalize relations last year. 


 
Uranium Miners Take Unorthodox Approach: Buying Uranium

Aspiring miners are buying the metal like never before, a sign the market for nuclear fuel is heating up after a decade in the cold. 


 
Global Emissions Goals Come With Big Cost and Political Hurdles

Large global polluters such as China, India and the U.S. have pledged to switch to cleaner energies, but such overhauls would require hefty funding and deft political maneuvering.

(END) Dow Jones Newswires

04-28-21 0015ET