Oil Prices Hit Seven-Year High on Rising Geopolitical Tensions

Crude prices rose to their highest level since the 2014 shale-induced oil crash, a milestone in a rally that is gathering momentum as geopolitical tensions threaten to knock supply. 


 
Omicron's Impact on Oil Demand Weaker Than Expected in Late 2021

Demand for oil was stronger than expected in the final three months of 2021, as surging Covid-19 cases failed to diminish global appetite for crude or result in significant mobility restrictions, the Organization of the Petroleum Exporting Countries said. 


 
Exxon Pledges to Reduce Carbon Emissions From Operations to 'Net Zero'

Exxon Mobil said its ambition is to reduce or offset greenhouse-gas emissions from its operations to zero by 2050, as investor and public pressure mount on oil producers to respond to climate change. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Texas Earthquakes Prompt New Fracking Rules

Frackers will have to find a new home for wastewater as the state acts to stem rising seismic activity, adding to drillers' costs. 


 
Active Oil Rigs Rise This Week

The number of rigs drilling for oil in the U.S. rose by 11 to 492 in the latest week, according to oil-field services company Baker Hughes. 


 
Energy Crunch Hammers French Nuclear Giant EDF

A decision by the French government to block the utility from fully passing on soaring energy prices to consumers has hit the company's shares. 


 
Elon Musk-Backed EV Battery Technology Rises to Dominance in China

Tesla and Chinese makers take lead over rivals in using less-expensive iron in place of nickel. 


 
NineDot Lands Carlyle Investment for New York Battery Projects

The private-equity firm spent over $100 million in December on separate investments in NineDot and Fermata Energy as it expands into the market for large-scale electricity storage. 


 
EDF Hit by Cap on Electricity Prices

UPDATED: EDF withdrew its earnings guidance for the year after warning that the French government's new measures to curb the rise of electricity bills will have an estimated impact of up to EUR8.4 billion on the company's results.


(END) Dow Jones Newswires

01-19-22 0015ET