U.S. Joins With China, Other Nations in Tapping Oil Reserves
The U.S. and five other countries including China will tap their national strategic petroleum reserves in an attempt to bring down gasoline prices that have become a sore spot with motorists and a big contributor to inflation, the White House said.
Oil prices end higher after U.S. Strategic Petroleum Reserve release
Oil futures, which have been in retreat over the last four weeks, end solidly higher after the U.S. and other countries announced a coordinated release of crude from their strategic reserves.
Thanksgiving Travelers Will Face High Gas Prices, Long Lines
The TSA expects to greet 20 million flyers. Those driving will pay on average $3.40 a gallon for unleaded gas.
U.S. Crude-Oil Inventories Seen Down in Week
Government data are expected to show that U.S. crude-oil stockpiles fell by 800,000 barrels in the latest week, while gasoline stockpiles fell by 500,000 barrels, according to a survey of analysts.
Natural-Gas Inventories Expected to Decline, Analysts Say
Government data are expected to show that natural-gas inventories decreased last week by 20 billion cubic feet, a smaller-than-normal amount as mild weather curbed demand.
BP Energy Puts $30 Million Into Onboard Dynamics, Maker of Natgas-Inhaling Units
Onboard's portable units aim to help pipeline operators cut methane vented in the course of repairs or regular maintenance, while the captured natural gas can be reused as fuel.
Norsk Hydro Probe Shows Slow Pace of International Ransomware Cases
The Norwegian aluminum maker was hit by hackers in March 2019. Suspects were apprehended last month.
E.ON Forecasts Annual Earnings Growth of 4%
E.ON has targeted core earnings of EUR7.8 billion by 2026, an annual compound growth rate of about 4%, as it revealed its mid-term financial goals.
Shell Builds Waste-Derived Oil Facility in Singapore
Royal Dutch Shell broke ground on a new project in Singapore to make an oil product from plastic waste otherwise destined for landfills.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
(END) Dow Jones Newswires
11-24-21 0015ET
