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News Highlights: Top Energy News of the Day

07/26/2021 | 12:16am EDT
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

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 1.57% 23.24 Delayed Quote.11.46%
CENTRICA PLC 1.28% 53.96 Delayed Quote.15.79%
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
FIRSTENERGY CORP. 0.36% 36.65 Delayed Quote.19.73%
LONDON BRENT OIL 0.55% 74.96 Delayed Quote.45.09%
SCHLUMBERGER LIMITED -1.17% 26.93 Delayed Quote.24.83%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.13% 72.9067 Delayed Quote.-0.72%
WTI 0.64% 71.161 Delayed Quote.48.70%
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