Oil prices on track for first weekly loss in 3 weeks

Oil futures inch lower in Friday dealings, with increased output from Libya and worries about crude demand on the back of accelerating cases of COVID-19 setting prices up to post their first weekly loss in three weeks. 


 
Iraq Emerges as New Front for Enforcement of Iran Oil Sanctions

Persian Gulf waters off Iraq have become an important waypoint for Iranian oil smugglers looking to avoid U.S. sanctions, according to American officials, who expressed frustration with Baghdad. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
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.

(END) Dow Jones Newswires

10-23-20 1115ET