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News Highlights: Top Energy News of the Day

01/14/2021 | 12:17am
Fracking Pioneer Chesapeake Energy Cleared to Exit Bankruptcy 

Judge David Jones of the U.S. Bankruptcy Court in Houston said Wednesday he would confirm the fracking pioneer's chapter 11 plan, ruling against a more junior creditor group that argued during a nearly monthlong trial that they would be shortchanged in the restructuring.

Oil snaps 6-day winning streak as U.S. dollar rises, product inventories build 

Oil futures end a choppy session lower, snapping a six-day winning streak for the U.S. benchmark, after the dollar gains ground and inventories of gasoline and distillates rise more than expected.

Analysts Expect 128 Billion-Cubic-Foot Withdrawal in U.S. Natural-Gas Inventories 

U.S. government natural-gas data are expected to show inventories decreased last week by 128 billion cubic feet a smaller amount than normal as temperatures were relatively mild in key regions, which hurt business and residential heating demand

U.S. Crude Oil Inventories Fall More Than Expected 

U.S. inventories of crude oil fell more than expected last week, but gasoline stockpiles notched another large increase, according to weekly data released Wednesday by the Energy Information Administration.

Iran's Nuclear Program: How Close Is Tehran to Developing Nuclear Weapons? 

Iranian breaches of the 2015 nuclear deal raise fears that Tehran is paving the way to start work on nuclear weapons, raising pressure on President-elect Joe Biden.

Galp Names Former Shell Executive as New CEO 

Galp Energia has appointed Andy Brown -- a former Shell executive -- as its new chief executive from Feb. 19.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

EPA Raises Barriers to Climate-Change Rules 

New rules effectively block the federal government from imposing new restrictions on several heavy industries.

Oil Producers Commit to Supply Curbs, Sustaining Price Rally 

Oil is extending a steady recovery into 2021, aided by fresh signals that the world's biggest producers won't turn on the spigots and flood the market.

Cold Snap Sparks Record Rise in Natural Gas Prices in Asia 

A blast of cold weather in northeast Asia and a shortage of ships for transporting gas have sparked a scramble for cargoes of liquefied natural gas, igniting a steep rise in prices.

(END) Dow Jones Newswires

01-14-21 0015ET

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