Frackers Say Oil Production Slowing in the Shale Patch

U.S. oil-and-gas companies offer little relief for tight global market. 


 
U.S. oil benchmark ends above $90 a barrel on China reopening hopes

Oil futures rise Friday, with U.S. prices topping $90 a barrel to finish at their highest in a month, as market bulls weigh signs China may ease COVID restrictions. 


 
Dominion Energy Launches Business Review to Boost Stock

Utility company Dominion Energy intends to review its current business mix and capital allocation, and assess regulatory options to assist its customers with managing costs. 


 
U.S., Allies Set Parameters for Price Cap on Russian Oil

The U.S. and its allies have reached agreement on which sales of Russian oil will be subject to a price cap, racing to flesh out the details of the major new sanctions program before it begins on Dec. 5. 


 
EDF Warns of Lower Output Across Its Nuclear Reactors in France

The energy company's announcement deals a setback to France's efforts to ride out Europe's energy crisis amid a spell of unseasonably warm weather. 


 
Energy & Utilities Roundup: Market Talk

Find insight on James Chapman jumping to Exxon Mobil, VanEck's Green Infrastructure ETF, and more in the latest Market Talks covering the Energy & Utilities sector. 


 
Sempra Infrastructure to Build New U.S. LNG Plant

The project is the first phase of Port Arthur LNG, a roughly $10.5 billion export facility in Texas that would start delivering cargoes around 2027, potentially adding much-needed supplies of liquefied gas to global markets. 


 
Europe Risks Huge Gas Shortfall Next Summer, IEA Warns

Governments in Europe must take further steps to limit its gas demand this winter or face a worsening energy crisis next year, the International Energy Agency warned. 


 
Uniper Posts $39 Billion Loss, Highlighting Ukraine War's Corporate Fallout

The energy giant's loss, which is one of the biggest in German corporate history, highlights the fallout from Russia's decision to throttle natural-gas deliveries to Europe. 


 
U.S. Crude Oil Inventories Decline

U.S. commercial inventories of crude oil fell more than expected last week but diesel fuel inventories unexpectedly rose for a third straight week, according to EIA data. Crude stockpiles fell by 3.1 million barrels. Analysts expected a fall of 200,000 barrels.


(END) Dow Jones Newswires

11-07-22 0015ET