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News Highlights : Top Energy News of the Day

06/21/2021 | 12:16am EDT
Iran's New Hard-Line President Poised for Pivotal Role in Nuclear Talks 

While Ebrahim Raisi is expected to agree to reimposing constraints on Iran's nuclear program, he is seen as a more confrontational adversary to the West than his predecessor, current President Hassan Rouhani.

Oil prices end higher, up a 4th straight week 

Oil futures end higher on Friday, recouping much of the losses from a day earlier to tally a fourth straight week of gains.

Natural-Gas Prices Are Rising With Temperatures 

Demand for the electricity-generating fuel is high as power plants prepare for the kind of air-conditioning use that comes with a hot summer.

U.S. Oil-Rig Count Rises by 8 in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. rose by eight in the latest week to 373, according to oil-field services company Baker Hughes.

West Risks Blackouts as Hydroelectric Power Dries Up 

Persistently dry weather has choked off the amount of snowpack and precipitation feeding rivers and streams, which reduces the amount of water needed to generate hydroelectric power.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

U.S. Oil Inventories Drop as Refinery Activity Speeds Up 

U.S. inventories of crude oil fell much more than expected as refinery activity continued to accelerate, according to data released Wednesday by the Energy Information Administration.

Federal Judge Stops Biden Administration From Blocking New Oil and Gas Leases 

Preliminary injunction issued Tuesday applies to offshore drilling and onshore federal land.

Equinor to Increase Spending on Low-Carbon Energy Projects 

The Norwegian oil-and-gas company aims to speed up low-carbon investments and has introduced new targets to reduce emissions.

China Nuclear Plant Under Scrutiny Was Built to Showcase Nation's Prowess 

The Taishan plant, built in partnership with EDF, the French company that has flagged a performance issue, came online in 2018 as a showcase of Beijing's advances in energy technology and safety standards.

(END) Dow Jones Newswires

06-21-21 0015ET

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