Oil Ends Little Changed as Covid Issues in Focus

U.S. benchmark oil prices ended a tight-range trading session little changed, up a tiny 0.1% at $61.43 a barrel, as investors weigh expectations for stronger demand in the summer against current weakness and lingering coronavirus issues. 


 
Biden Pushes for Sharp Cut to Greenhouse-Gas Emissions

The president sought to assert U.S. leadership in global climate talks at a summit that drew promises from other world leaders to take action and calls for rich nations to shoulder more responsibility. 


 
China, India Complicate Biden's Climate Ambitions

China and India will play outsize roles in efforts to curb greenhouse gas emissions as President Biden seeks to spur more ambitious targets on climate change. 


 
NYC Sues Exxon, Shell, BP and Trade Group for Advertising-Related Claims

New York City has sued Exxon Mobil, Royal Dutch Shell, BP and the trade group American Petroleum Institute for allegedly misleading consumers about the climate effects of the companies' products. 


 
Bankrupt Liberty Power Lender Clashed With CEO Over Texas Storm Bill

Liberty Power Holdings, a competitive electricity provider to homes and businesses in 14 states, filed for bankruptcy on Tuesday in the U.S. Bankruptcy Court in Fort Lauderdale, Fla., after defaulting on an invoice from lender Boston Energy Trading and Marketing LLC. 


 
Natural Gas Hits Seven-Week High on Storage Data

Natural gas prices ended 2.2% higher at $2.749, a seven-week high, after government data showed a smaller-than-forecast weekly increase in storage that points to healthy demand despite mild weather. 


 
Change Afoot for Oil Market as Asian Demand Wanes, Iranian Supply Rises

Signs are emerging of a shift underway in the oil market, with demand weakening in Asia and picking up in the West just as supplies of Iranian crude have climbed. 


 
Ship Operators Move Toward LNG to Pare Emissions

Natural gas-powered vessels are becoming more popular as a halfway measure as a search continues for non-carbon-based fuels. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Santos Output Falls, Expects Stronger LNG Prices

Santos Ltd. said its first-quarter oil and gas output fell by 2% compared with the prior quarter, largely due to lower gas demand in Western Australia state and unplanned maintenance in Papua New Guinea.

(END) Dow Jones Newswires

04-23-21 0015ET