Oil Edges Lower as Traders Await Supply Data
Oil futures edged lower in quiet trade as traders looked ahead to data on U.S. crude supplies and a meeting by an OPEC+ panel charged with monitoring the effect of production cuts by major producers
A Chinese Power Stock With a Mighty Tailwind
Ming Yang Smart Energy Group benefits from Chinese stimulus and a lack of baggage that weighs down many competitors.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
BHP Posts 4% Profit Drop, Wants to Stop Mining Thermal Coal
BHP Group reported a 4% drop in annual net profit, and said it wanted to stop mining thermal coal and would seek buyers for some older oil and gas assets.
California Blackouts Show Limits of Green Power
The state's grid operator warned millions of residents could lose power in coming days as it struggles to meet electricity demands of the many people who are riding out a crippling heat wave indoors during the pandemic.
Chevron Pursues Exploration Deal in Iraq
The U.S. oil major could unveil a pact with Baghdad on the sidelines of a White House visit this week, in what would be a boost to Iraq's oil industry.
Interior Secretary Approves Oil Drilling Program in Alaska's Arctic Refuge
The Trump administration approved an oil leasing program for the Arctic National Wildlife Refuge, opening up the pristine, 19-million-acre wilderness to drilling for the first time and making it more difficult to unwind the decision should Democrats recapture the White House in November.
SAExploration Sees 'Substantial Risk' It Might File for Bankruptcy
SAExploration Holdings Inc., an oil-services company that is under federal investigation and that received $6.8 million in coronavirus relief aid, says there might be a significant chance it will file for bankruptcy.
Värde Walks Away From Lilis Restructuring, Sending Driller to Auction Block
Monday was the deadline for Värde to decide if it would risk more on the West Texas oil company. Instead, Lilis will switch its efforts to finding a buyer for its operations and 16,000 acres in Texas and New Mexico.
Sasol Earnings Tumble
Sasol warned of continued uncertainty and volatility after it reported a 27% fall in its adjusted earnings for 2020, as the collapse in oil prices and the coronavirus pandemic forced it to book a big write-down.
