Oil futures end mixed, score gains for week and month

Oil futures see choppy trading on Friday, with U.S. prices ending the session lower following five consecutive session gains, but prices tally a rise for the week, as well as the month of May. 


 
Argentine Plant Owner Explores Bankruptcy Loan From Bondholders Amid Venue Clash

Argentine power-plant owner Stoneway Capital is discussing borrowing money from the senior bondholders challenging the company's U.S. bankruptcy filing. 


 
Investors Give Exxon Payback for Frustrations on Strategy and Climate

Some of the world's biggest investment firms helped elect dissident candidates for Exxon's board, saying the energy giant hasn't been responsive to their concerns. 


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

The number of rigs drilling for oil in the U.S. rose by three in the latest week to 359, according to oil-field services company Baker Hughes. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
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. 


 
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.

(END) Dow Jones Newswires

05-31-21 0015ET