|Delayed - 09/23 06:06:32 am|
News Highlights: Top Energy News of the Day
|08/05/2020 | 04:17pm|
Oil Ends at 5-Month-High as U.S. Supplies Fall
U.S. oil prices ended 1.2% higher at $42.19 a barrel, the highest closing price since March 5, after the U.S. reported another sharp drop in commercial crude-oil inventories.
Analysts Expect 31 Billion Cubic-Foot Injection in Natural Gas Storage
U.S. government natural-gas data due Thursday are expected to show inventories rose last week by 31 billion cubic feet -- a slightly smaller amount than usual due to healthy demand and production rates that aren't yet back to normal following coronavirus-caused curtailments.
Noble Seeks to Pause Multibillion-Dollar Litigation Over Spinoff
The energy company wants to pause a multibillion-dollar trial over the 2014 spinoff of Paragon Offshore, a transaction creditors allege loaded up Paragon with old rigs and an unsustainable amount of debt.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities.
Tropical Storm Isaias Marches Up East Coast; About 2.5 Million Without Power
Tropical Storm Isaias churned up the East Coast, leaving downed trees, flooding and about 2.5 million homes and businesses without power from North Carolina to Massachusetts.
BP Reports $17.7 Billion Loss, Cuts Dividend
BP cut its dividend for the first time in a decade and outlined plans to pivot away from oil and gas and invest more in low carbon energy-marking one of the most dramatic energy-transition plans among its oil major peers.
U.S. Crude-Oil Stockpiles Seen Down in Week
Government data are expected to show that U.S. crude-oil inventories fell by 1.8 million barrels in the latest week, while gasoline supplies decreased by 500,000 barrels, according to a survey of analysts.
CME Settles Lawsuit With Regulator Over Leaks by Former Employees
Futures-exchange operator CME Group has agreed to pay a fine of up to $4 million to settle a long-running lawsuit with its regulator over accusations that former exchange employees leaked confidential trading information.
Refiners Retrench as Demand for Gasoline, Jet Fuel Shrivels
U.S. fuel makers ran below capacity in the second quarter in a preview of the challenges they are likely to face as the world transitions away from fossil fuels.
Trump Fires Tennessee Valley Authority Board Members, Cites Shift to Foreign Workers
President Trump removed the chairman and another board member at the Tennessee Valley Authority and called for firing the federally owned utility's CEO, as he signed an order meant to protect U.S. federal workers from displacement by foreigners.