Oil Prices Steady After 2-Day Slide

U.S. oil prices were little changed as the market tried to advance after declining the past two sessions. 


 
Natural Gas Stays Above $3 on Small Storage Rise

Natural gas prices continue to trade near a 21-month-high reached in the previous session after the EIA reports another below-average and below-forecast rise in weekly storage. 


 
Michigan Group Says Archaeological Findings Enough to Halt Enbridge Tunnel

The group of mostly Native American women says they found man-made patterns underwater near the Line 5 oil pipeline that could date back 10,000 years. 


 
Valero Swings to 3Q Loss Amid Refining Challenges

Valero Energy logged a loss as the coronavirus pandemic continued to weigh on fuel markets. On an adjusted basis, Valero's loss was $1.16 a share versus analysts' projection of an adjusted loss of $1.49 a share. 


 
Oilfield Services Look Beyond Oil

The companies have made good progress on cost cuts and are considering their next steps. 


 
Carbon Pledge Lifts Wind and Solar Stocks in China

Chinese renewable-energy stocks have soared recently as investors believe the country's drive to become carbon neutral will fuel heavy investment in wind farms and solar parks. 


 
U.S. Crude-Oil Inventories Decline Near Expectations

Government data showed U.S. inventories of crude oil declined by 1 million barrels last week, near analysts' forecasts, while domestic crude-oil production dropped below 10 million barrels a day. 


 
SPACs Will Have a Tough Time Cleaning Up on Renewables

Investor appetite for sustainable investments and yield have both been huge lately, but there have hardly been any debuts of cash-generating renewable-energy companies recently. Could SPACs be the answer? 


 
Iberdrola's Avangrid to Buy PNM Resources

Iberdrola's Avangrid unit has agreed to buy New Mexico-based electricity company PNM Resources for around $4.32 billion. 


 
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion

The deal is the latest in a series of combinations in the U.S. shale-oil patch, which has been hard hit by the pandemic.

(END) Dow Jones Newswires

10-22-20 1115ET