Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility

One of the biggest U.S. LNG exporters said fire damage will prevent it from returning to full capacity until late this year. 


 
Germany Launches EUR10 Billion Bailout for Gazprom's Local Unit

The move came as the Russian gas giant said it would nearly halve flows of gas to Germany because of pipeline maintenance issues. 


 
Oil prices settle at lowest in a week

Oil futures surrender early gains on Tuesday, brought on by supply disruptions in Libya, to finish with a loss. Traders weigh news developments linked to the Iran nuclear deal, a waiver extension allowing U.S. banks to process Russian energy transactions, and a report that a U.S. senator intends to propose a federal surtax on certain oil companies in a move to curb inflation. 


 
BP Bets Big on Giant 'Green Hydrogen' Project in Australia

The oil major is taking the lead on one of the world's biggest projects to produce the alternative fuel, which is in growing demand due to climate change but remains uneconomical. 


 
U.S. Crude-Oil Stockpiles Likely Decreased in DOE Data, Analysts Say

Government data are expected to show that U.S. crude-oil inventories declined by 1.4 million barrels for the week ended June 10, while gasoline stockpiles increase by 100,000 barrels, according to a survey of analysts. 


 
OPEC Oil Output Fell in May, Adding to Pressure on Cartel

Crude prices end the day lower. The production drop adds to signs that the cartel could struggle to achieve its goal of cooling the oil market. 


 
NextEra Plans to Cut Carbon Emissions to Close to Nothing

In an expensive gamble, the owner of Florida Power & Light says it plans to go "real zero" rather than "net zero." It doesn't expect to use carbon capture, credits or offsets. 


 
Harold Hamm Moves to Take Continental Resources Private

The billionaire fracking pioneer is offering about $4.3 billion to buy shares his family doesn't own in the Bakken Shale driller he ran for decades. 


 
Ukraine's State Energy Company Keeps Russian Gas Flowing as War Rages

An uneasy alliance between Ukraine's Naftogaz and its Russian counterpart sustains gas flows to Europe and fills government coffers on both sides of the fighting. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities


(END) Dow Jones Newswires

06-15-22 0015ET