Oil rallies as analyst warns Ukraine crisis could be a 'seismic event' for the energy market

Oil futures climb sharply on Friday, posting a fourth straight weekly gain, with rising tensions between Russia and Ukraine boosting concerns over global crude supplies, as traders remain upbeat over energy demand prospects. 


 
Active Oil Rigs Rise This Week

The number of rigs drilling for oil in the U.S. rose by 11 to 492 in the latest week, according to oil-field services company Baker Hughes. 


 
Energy Crunch Hammers French Nuclear Giant EDF

A decision by the French government to block the utility from fully passing on soaring energy prices to consumers has hit the company's shares. 


 
Elon Musk-Backed EV Battery Technology Rises to Dominance in China

Tesla and Chinese makers take lead over rivals in using less-expensive iron in place of nickel. 


 
NineDot Lands Carlyle Investment for New York Battery Projects

The private-equity firm spent over $100 million in December on separate investments in NineDot and Fermata Energy as it expands into the market for large-scale electricity storage. 


 
EDF Hit by Cap on Electricity Prices

UPDATED: EDF withdrew its earnings guidance for the year after warning that the French government's new measures to curb the rise of electricity bills will have an estimated impact of up to EUR8.4 billion on the company's results. 


 
Analysis: UK Firms Spearhead Morocco's Gas Ambitions

As Morocco's domestic demand for gas grows, the country aims to expand output, offering tax breaks to exploration companies, with several U.K. firms currently involved in projects to develop the African nation's gas riches. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires throughout the day. 


 
Oil futures end lower, retreat from a 2-month high

Oil futures end lower Thursday, with a significant rise in U.S. gasoline stockpiles raising concern over the omicron coronavirus variant's impact on demand for fuel, even as domestic crude supplies stand at their lowest since 2018. 


 
Elon Musk, Celebrities Criticize California's Plan to Cut Solar Subsidies

The state's public utilities commission said the proposal balances the power grid, environment and consumers' needs; critics said it hampers environmental progress.


(END) Dow Jones Newswires

01-17-22 0015ET