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News Highlights : Top Energy News of the Day

12/06/2021 | 12:16am EST
Oil Prices Recover Some Losses After Omicron Drove Demand Fears 

U.S. crude prices finished the week above Thursday lows, while Brent crude, the global benchmark, rose 0.3% to $69.88 Friday.

Job Gains and Losses From Coal Shutdowns Land in Different Places 

Mines in Utah feel pain from plant closings hundreds of miles away, while renewable jobs go elsewhere.

While Shell Resists Breakup, Rivals See Opportunity From Spinoffs 

Shell is standing firm against Third Point's call for a breakup to retain and attract investors. But that isn't stopping Eni and other European energy conglomerates from targeting similar moves to boost shareholder returns.

U.S. Oil-Rig Count Flat in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. was unchanged in the latest week at 467, according to oil-field services company Baker Hughes.

Iran Nuclear Talks Stall as Tehran Toughens Stance 

Western diplomats say Iran must moderate its demands in discussions that are set to resume next week.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices 

The producers agreed to continue pumping more crude, sticking to a long-term plan despite new worries over demand raised by the Omicron coronavirus variant.

Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger 

Opal converts methane emissions from landfills and dairy farms into renewable natural-gas fuel for trucking customers like UPS. It is valued at $2 billion in its SPAC deal.

Limetree Bay Refinery's Lead Bankruptcy Bid Challenged by Liquidator 

Backup bidders for the bankrupt Limetree Bay refinery in the U.S. Virgin Islands say dismantling it is better for the local population than the lead bidder's plan to restart operations.

Exxon to Continue Leaner Spending as Covid-19 Threat Lingers 

The Texas oil giant said it is sticking to decreased spending levels for years to come as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist.

(END) Dow Jones Newswires

12-06-21 0015ET

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