Oil bounces, snapping 3-day losing streak

Oil futures end higher, snapping a three-day losing streak tied in part to worries over the spread of the delta variant of the coronavirus that causes COVID-19. 


 
Natural Gas Falls Despite Bullish Storage Data

Natural gas prices fell Thursday despite a bullish weekly report on storage, and some traders say that may suggest the market's 64% year-to-date rally may be nearing a peak. 


 
Exxon Considers Pledging 'Net Zero' Carbon by 2050

The oil company is facing pressure from investors to demonstrate a bolder path to reducing emissions. 


 
BHP Group Approves $800 Million in Capital Expenditures

BHP Group said it has approved a capital expenditure of $544 million to execute an oil project in the U.S. Gulf of Mexico, and a second capital expenditure of $258 million to move an oil project in Mexico into the front end engineering design phase. 


 
Coal Is a Gold Mine for Producers After Blistering Rally

Glencore, one of the biggest miners of thermal coal, reported record first-half earnings and expects the fuel to be a big moneymaker for the rest of the year. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Shale Profits Capped by Wrong-Way Bets as Oil Prices Rose

Oil companies collected billions of dollars in cash as oil prices surged in the second quarter. But the sum was limited by hedging contracts meant to protect drillers from another price crash. 


 
U.S. Crude-Oil Inventories Unexpectedly Surge Higher

Crude-oil stockpiles rose by 3.6 million barrels to 439.2 million barrels, about 6% below the five-year average, compared with analysts' expectation for a drop of 2.7 million barrels. 


 
New Zealand's Renewable-Energy Dreams Get a Reality Check

A power crunch has spread across the South Pacific country after dry weather led to below-average hydropower generation. 


 
Ship Seized in Gulf of Oman Is Let Go

A tanker ship was seized by suspected Iranian gunmen less than a week after a fatal drone attack on another vessel. U.K. authorities said early Wednesday that the "boarders" had left the ship..

(END) Dow Jones Newswires

08-06-21 0015ET