Oil prices move up to end the volatile week with a modest gain
Oil futures move up on Friday, with gains for a fourth-straight session allowing prices to rebound from the lowest settlements since May after a sharp drop on Monday.
Oil Servicers Climb Out of a Hole
Halliburton, Schlumberger and Baker Hughes started tightening their belts in 2019.They now say the worst is now behind them.
U.S. Oil-Rig Count Rises by 7 in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by seven in the latest week to 387, according to oil-field services company Baker Hughes.
West Virginia Governor's Companies Look to Pay Off Greensill Debts
West Virginia Gov. Jim Justice and Credit Suisse are looking to take advantage of surging coal prices to help him pay off nearly $850 million in loans his companies borrowed from now-collapsed Greensill Capital.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
FirstEnergy to Pay $230 Million to Resolve Charges in Bribery Scandal
Under a three-year deferred prosecution agreement, FirstEnergy agreed to pay the penalty for its actions in Ohio and develop a stronger compliance and ethics program, among other things.
Brazos Creditors Urge Texas Electric Cooperative to Raise Debt to Pay Storm Costs
Creditors said that a new law that came into effect in June empowers and mandates utilities to securitize the costs of February's winter storm.
Startup Claims Breakthrough in Long-Duration Batteries
Form Energy says it has built a low-cost iron-air battery that can discharge electricity for days, which could have big ramifications for storing electricity on the power grid.
Centrica Underlying Earnings Fall But Forecasts Demand Recovery
Centrica posted a 9% drop in underlying earnings and the British Gas owner said its outlook was broadly unchanged, with some recovery in business energy demand expected this year.
U.S. Reaches Deal With Germany Over Russian Nord Stream 2 Pipeline
The agreement allows the completion of the project, benefiting Germany and Russia, over opposition from Ukraine.
(END) Dow Jones Newswires
07-26-21 0015ET
