Oil prices tally a 5th straight weekly rise on demand optimism

Oil futures climb on Friday to tally a fifth weekly gain as investors remain upbeat about demand amid a global economic recovery. 


 
U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says

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


 
Congress Restores Pre-Trump Era Methane-Gas Emissions Standards

President Biden is expected to sign the measure, which would mark one of the first major federal actions toward reaching his goal of cutting U.S. emissions from their 2005 level in half within the decade. 


 
Coal Prices Hit Decade High Despite Green Efforts

A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Biden to Deter Forced Labor With Ban on China's Solar Materials

The ban imposes import restrictions and other measures on several companies in Xinjiang involved in silicon production. 


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

U.S. crude-oil stockpiles are unanimously expected to decrease from the previous week in data due Wednesday from the U.S. Energy Department, according to a survey of analysts and traders by The Wall Street Journal. 


 
Shuttered U.S. Virgin Islands Oil Terminal Starts Lender Talks

Private-equity investor EIG Global Energy Partners controls the Limetree Bay refinery and storage hub, which previously went through bankruptcy in 2015 and emerged under private ownership. 


 
OPEC Alliance Considers Boosting Production Amid Uneven Recovery

The Saudi-led organization and its allies are considering boosting the group's collective output by some 500,000 barrels a day when they meet next week, delegates said, representing a modest boost to the world's supply of crude. 


 
Solar-Panel Maker in U.S. Takes on China

Battling heavily subsidized manufacturers, First Solar is set to build a new factory in Ohio, a mission that reveals the challenges of trying to "reshore" critical industries that moved offshore.

(END) Dow Jones Newswires

06-28-21 0015ET