U.S. oil prices tally 4th straight gain, but Brent ends lower as IMF trims global growth outlook
Oil futures end on a mixed note Tuesday, with U.S. prices stretching their streak of gains to a fourth session, but global crude benchmark prices settle lower after the International Monetary Fund trimmed its global economic growth forecast.
Former Braskem CEO Sentenced for Bribery Charges in U.S.
The former chief executive officer of Brazilian petrochemical company Braskem has been sentenced to 20 months in prison for his role in a scheme that diverted $250 million from the company to a slush fund to pay Brazilian government officials, the U.S. Justice Department said.
U.S. Crude-Oil Stockpiles Likely Increased in DOE Data, Analysts Say
U.S. crude-oil stockpiles are expected to increase by 900,000 barrels while gasoline stockpiles are expected to rise by 600,000 barrels from the previous week in data due Thursday from the U.S. Energy Department, according to a survey of analysts and traders.
Big Energy Companies' New Pitch: 'Carbon-Neutral' Oil and Gas
Some energy companies are selling oil and gas bundled with carbon offsets and marketing the products as carbon neutral, but critics say the practice could undermine the case for burning less fossil fuel.
China to Let Power Prices Rise in Bid to Fix Electricity Crunch
The shortage has slowed factory output, in turn hitting companies around the world that sell made-in-China products or use Chinese electronic parts in their own factories.
Limetree Bay Refinery's Bankruptcy Lender Calls Default
Bankruptcy lender Arena Investors alleged the St. Croix-based oil refinery is behind on an interest payment.
China to Allow Greater Fluctuation of Coal-Fired Power Prices
Beijing is set to allow greater fluctuations in coal-fired electricity prices in a move to liberalize the country's power market amid an ongoing energy crunch.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Chevron Sets Out to Cut Carbon Emissions in Operations
The oil producer said it aims to reduce or offset carbon emissions from its operations to zero by 2050, but stopped short of setting similar goals for its energy products.
Brazil's Drought Pressures Power Grid, Boosting Case for Renewables-and Fossil Fuels
Abundant sunshine, strong winds and an investor-friendly power market have long made Brazil a hot spot for renewable energy investment.
(END) Dow Jones Newswires
10-13-21 0015ET
