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News Highlights: Top Energy News of the Day

10/30/2020 | 06:16am
Oil Ticks Up After Lockdown-Driven Pummeling 

Oil futures were higher after Brent closed at its lowest price since late May and WTI closed at its lowest since June 1.

Total Returns to Profit, Maintains Dividend 

Total returned to profit in the third quarter of the year as results benefited from a more favorable environment with oil prices above $40 a barrel

U.S. Blacklists Iranian, Chinese Companies Accused of Helping Iran 

The Trump administration rolled out another pre-election battery of sanctions and other punitive actions against Iran, blacklisting Iranian and Chinese energy companies and announcing forfeiture actions against two shipments of Iranian missiles recently seized by the U.S. Navy.

Exxon to Slash Up to 15% of Global Workforce, Including 1,900 U.S. Jobs 

The struggling oil giant said it expects to make the cuts over the next year as the coronavirus pandemic continues to batter the oil-and-gas industry.

Ohio Utility Fires CEO Amid State Bribery Probe 

Ohio utility FirstEnergy said it was firing Chief Executive Charles E. Jones, after an internal review related to government investigations of the company's potential role in an alleged state bribery scandal.

Shell Tries to Woo Investors With Dividend Raise, Promise of Future Payouts 

Shell reported a small profit, raised its dividend and said it planned to increase shareholder payouts, offering an upbeat assessment of its ability to weather the pandemic-inspired demand shock that has kept oil prices weak.

Green-Energy Companies Hope for Renewal of Tax Credit, National Plan After Election 

Chief financial officers in the clean-energy sector are eyeing the possibility of an economic boost under a Democratic victory.

EnCap Has Raised $405 Million So Far for Debut Clean-Energy Fund 

After investing in oil and gas for over 30 years, EnCap is one of several private-equity firms diversifying into clean energy.

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.

(END) Dow Jones Newswires

10-30-20 0715ET

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