Billionaire Likely to Sell AGL Stake if Demerger Goes Through

Billionaire Mike Cannon-Brookes wants to halt plans by Australia's biggest polluter to put its aging coal-fired power plants into a separate business that he said would face multiple risks and be unattractive to investors. 


 
Oil ends higher, reversing loss as equity selloff moderates

Oil futures swing to a higher close Thursday as a selloff in equity markets eases and investors monitor plans for a pullback of COVID restrictions in Shanghai. 


 
Europe's Gas Buyers Defuse Standoff With Kremlin Over Ruble Payments

Some of Europe's biggest natural-gas utilities have agreed to new payment terms with Russia's Gazprom, defusing the threat of a sharp cutoff of Russian gas to the region after President Vladimir Putin demanded payment in rubles. 


 
Interior Secretary Declines to Commit to New Offshore Oil-and-Gas Lease Sales

Interior Secretary Deb Haaland said the agency would propose a new five-year offshore drilling program in June without specifying whether it would include sales of new leases. 


 
Natural Gas Ends Slightly Lower on Storage Rise

Natural gas prices finished a marginal 0.7% lower at $8.308/mmBtu in a choppy trading session in which investors eyed movements in the broader market and a weekly report on gas inventories. 


 
Europe Plots Solar Revival to Replace Russian Gas

Twice bitten, thrice shy-except when it comes to the now politically strategic solar industry, apparently. 


 
EDF Cuts Output Estimates, Takes Profit Hit

EDF said it expects an earnings hit of around EUR18.5 billion this year after t lowered its nuclear output estimates due to inspections for stress corrosion at some of its reactors. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Chinese Energy Stocks Decline Amid Global Recession Fears

Chinese energy stocks broadly declined Thursday morning amid persistent concerns that an economic downturn in the global economy could curb demand. 


 
European Union Sets Out Plan to End Russian Energy Imports

The $317 billion plan seeks to end the region's dependence on Russian energy within five years, testing the bloc's political will to overhaul its energy policy and infrastructure in response to the invasion of Ukraine.


(END) Dow Jones Newswires

05-20-22 0015ET