Oil rebounds after reports of a U.S. push for coordinated release of crude reserves send prices to 6-week lows

Oil finishes higher on Thursday, with prices rebounding after dropping to their lowest levels in about six weeks on reports that China plans a release of crude from its reserve and news that the Biden administration has been pressing other countries to join in. 


 
Natural Gas Bounces Back Despite Storage Increase

Natural gas prices managed to rise despite a higher-than-expected increase in inventories, with the front month contract gaining nearly 2% a day after sliding 7%. 


 
Aker Horizons, Hanwha, REC Silicon Join Forces in US Solar Move

Aker Horizons has agreed a deal with South Korea's Hanwha and REC Silicon to expand the solar industry in the U.S. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices

In a letter to FTC Chair Lina Khan, President Biden alleged that there is "mounting evidence of anti-consumer behavior by oil-and-gas companies." 


 
U.S. Climate Risk Guidance Will Be in Line With Global Principles, Bank Regulator Says

The acting head of the U.S.'s top banking regulator called for banks to be screened for climate risk as part of their periodic stress tests and said the agency's own regulatory approach was focused on maintaining the safety and soundness of the financial system. 


 
Nuclear-Plant Owner's Law Firm Collects Delayed Fee After Subsidy Probe

An Ohio bankruptcy judge said he won't deny Akin Gump's compensation for legal work 'adjacent' to a statehouse corruption case. 


 
U.S. Crude-Oil, Gasoline Inventories Fall

U.S. crude-oil inventories fell last week despite forecasts of an increase, while refining capacity utilization rose more than expected, according to data released Wednesday by the Energy Information Administration. 


 
Big Winners From Natural-Gas Crunch: Coal Power Plants in Europe

Coal power plants are running at full blast in parts of the continent and enjoying a rare bout of profitability. Under Europe's climate policies, this shouldn't be happening. 


 
SSE Boosts Renewables as Profits Surge

SSE reported a more-than-doubling in first half profits and forecast full-year results to at least match market consensus, while announcing a GBP12.5 billion green energy push.

(END) Dow Jones Newswires

11-19-21 0015ET