Oil prices down sharply as COVID cases rise, data shows increase in U.S. inventories
U.S. and European crude prices came under pressure on Wednesday, in a risk-off day for markets as the American Petroleum Institute reported surging supplies.
Trump Weighs Executive Order to Show Support for Fracking
President Trump is considering issuing an executive order mandating an economic analysis of fracking, according to senior administration officials, who say the initiative is aimed at highlighting his support for the energy industry in battleground states.
SoCal Edison Says It May Have Caused Orange County Wildfire
The Silverado Fire has consumed more than 11,000 acres of tinder-dry brush in the foothills above Irvine and other cities south of Los Angeles.
BP Posts Fifth Straight Quarterly Loss
U.K. energy company BP reported a fifth consecutive quarterly loss, providing the first glimpse of how major oil companies navigated the third quarter amid a prolonged slump in demand.
Robert Murray, Stubborn U.S. Coal Titan, Dies at Age 80
Robert E. Murray, who used an aggressive acquisition strategy to build Murray Energy into a coal-mining giant even as falling prices drove rivals out of business, died Sunday.
PG&E Cuts Power to Hundreds of Thousands
PG&E said it was pre-emptively cutting power to about 361,000 customers in northern and central California in an effort to prevent wildfires, marking the largest such shut-off it has reported this year.
Auto Makers Shift Hydrogen Focus to Big Rigs
Auto makers have spent decades developing hydrogen fuel cells as a green alternative for cars with little to show for it. Now, they are shifting their attention to the trucking industry.
Fed's Purchase of Energy Company Debt Continues to Raise Questions
The Federal Reserve's purchase of bonds issued by energy companies continues to draw scrutiny, even as central bank officials say it is part of their broader efforts to support corporate borrowing and is intended to help the economy navigate the coronavirus pandemic.
Galp Earnings Fall as Upstream Suffers
Portugal's Galp reported a sharp drop in third-quarter underlying earnings hit by a lower contribution from its upstream segment and refinery, reflecting weaker commodity prices and market conditions.
Cenovus and Husky to Merge in $2.89 Billion Deal
The deal, unveiled early Sunday, would create the third-largest oil and natural-gas producer in Canada and the second-largest Canadian refiner.
(END) Dow Jones Newswires
10-28-20 1115ET