U.S. oil prices mark highest settlement since 2018

Oil futures finish higher on Thursday, with the U.S. benchmark at its highest since 2018, as some upbeat U.S. economic data boosted prospects for energy demand, prompting prices to stretch their streak of gains into a fifth-straight session. 


 
Natural Gas Ends Lower on Large Storage Rise

Natural gas prices closed 2.3% lower at $2.958/mmBtu after a surprisingly bearish weekly storage report. 


 
The Texas Grid Came Close to an Even Bigger Disaster During February Freeze

Many "black start" units, which are used to jolt failed electricity systems, weren't working properly. The emergency system's spotty performance could have left Texans without power for much longer than a few days. 


 
Shell, Exxon Decisions Highlight Rethink in Energy Investment

Exxon and Shell's defeats on climate change echo forces already creating new dynamics in how investors look at fossil fuel companies. 


 
Big Oil's Tough Clean-Energy Transition

As pressure on the petroleum industry to decarbonize keeps building, U.S. oil companies that look at their more forward-thinking peers across the Atlantic for inspiration will find some lessons, but not easy ones. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Oil Giants Are Dealt Major Defeats as Climate-Change Pressures Intensify

Exxon Mobil and Royal Dutch Shell's significant defeats on climate change are expected to force the oil-and-gas industry to more fully confront how fast the landscape is shifting under pressure from environmentalists and investors. 


 
Colonial Pipeline Missed Requested Security Review Before Hack

Colonial Pipeline last year didn't undergo a requested federal security review of its facilities and was in the process of scheduling a separate audit of its computer networks when hackers hit on May 7. 


 
Activist Wins Exxon Board Seats After Questioning Its Climate Strategy

Upstart investor Engine No. 1's victory in one of the most expensive proxy fights ever is an unprecedented setback for Exxon and its CEO, Darren Woods. 


 
Shell Ordered by Dutch Court to Cut Carbon Emissions

The court ruled Shell is partially responsible for climate change and ordered it to reduce carbon emissions 45% by 2030, a first-of-its-kind ruling that adds pressure on oil companies already under scrutiny from governments and investors.

(END) Dow Jones Newswires

05-28-21 0015ET