A Glut of Refineries Is the Oil Industry's Next Problem
New capacity in the developing world is making European plants that turn oil into gasoline and other products obsolete
EDP Renovaveis Earnings Fall
Portugal's EDP Renovaveis reported an 18% drop in earnings to EUR793 million following a lower revenue and electricity production.
Oil Falls Hard on Stronger Dollar, Weak Demand
U.S. oil prices dropped 2.9% to end the session at $41.51 a barrel, marking their lowest closing price in nearly a month and the biggest one-day decline since late July.
U.S. Oil Inventories Fall for Sixth Straight Week
U.S. inventories of crude oil fell for a sixth straight week, while gasoline and other fuel supplies also declined, according to data released Wednesday by the Energy Information Administration.
Alabama-Based FM Coal Files for Bankruptcy
The coal miner filed for chapter 11 after struggling with sliding revenue, failing equipment and high debt service costs in recent years.
Blackjewel Settles With Workers Over Its Sudden Collapse
Former Blackjewel workers who lost their jobs and waited months to get their final paychecks when the coal producer collapsed in bankruptcy last year could be compensated under a proposed settlement with the company and its founder.
Saudi Aramco Slows Diversification Plans Amid Industry Downturn
Saudi Arabia's state oil giant is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden.
Analysts Expect 34 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 34 billion cubic feet -- a much smaller amount than normal as hot weather boosted demand and Hurricane Laura disrupted supply lines.
Whiting Petroleum Emerges From Chapter 11 Bankruptcy
Whiting Petroleum said it had emerged from bankruptcy and cut its debt by $3 billion as part of its restructuring plan.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
