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News Highlights: Top Energy News of the Day

10/16/2020 | 05:16pm
Venezuelan Opposition Loses Bond Ruling, Endangering Citgo 

A U.S. judge said bondholders have valid claims over Venezuela's prized oil refiner Citgo, dealing a blow to the country's U.S.-backed opposition leaders and putting the company at heightened risk of a forced takeover.

U.S. Oil-Rig Count Rises in Week 

The number of rigs drilling for oil in the U.S. rose by 12 in the latest week to 205, according to oil-field services firm Baker Hughes.

Oil ends lower on demand concerns, but prices score a gain on the week 

Oil futures slip lower Friday, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude.

CFTC Votes to Pass Final Rule on Position Limits 

The move affects the size of speculators' bets in markets for commodities including gold, cattle and crude oil.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Nigeria's Army Says It Is Ready to Step In to Quell Protests 

The military in West Africa's biggest oil-producing nation said it was prepared to act decisively to help the government maintain law and order, after eight days of demonstrations against police brutality.

U.S. Oil and Fuel Inventories Fall Sharply 

U.S. inventories of crude oil fell more than expected, while gasoline and diesel inventories also declined sharply, according to data released Thursday by the Energy Information Administration.

Coal Finds a Surprising 2020 Bright Spot in Europe 

Power plants started to burn more thermal coal over the summer and fall, responding to a steep rise in the price of natural gas.

Divestment Campaigns Move Beyond Oil 

The campaign to divest fossil-fuel stocks has picked up speed in recent years and hit investors where it hurts. The next targets aren't so easy to identify.

PQ Group Holdings to Sell Performance Materials Business for $650 Million 

The company is selling the business to an affiliate of the Jordan Co., it said Thursday. It said expects the deal to close by the end of this year.

(END) Dow Jones Newswires

10-16-20 1615ET

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