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News Highlights : Top Energy News of the Day

10/23/2020 | 04:16pm EST
Biden's Debate Remarks Inject Energy Issues Into 2020 Race 

The Democratic presidential nominee's call to shift away over time from the oil industry has prompted some Democrats in oil-rich states to distance themselves from the remarks.

PG&E Wins $250 Million Fight With Bondholders Over Capital Raising 

PG&E scored a victory Friday as a judge ruled against hedge funds that said California's largest utility had unfairly shut them out of a lucrative stock deal on its way out of bankruptcy.

U.S. Oil-Rig Count Rises by Six in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. rose by six in the latest week to 211, according to oil-field services firm Baker Hughes.

Oil suffers a loss, dragging U.S. benchmark below $40 a barrel 

Oil falls on Friday, posting a loss for the week, with increasing exports from Libya and worries about crude demand on the back of accelerating cases of COVID-19 prompting U.S. prices to finish under $40 a barrel for the first time in nearly three weeks.

Iraq Emerges as New Front for Enforcement of Iran Oil Sanctions 

Persian Gulf waters off Iraq have become an important waypoint for Iranian oil smugglers looking to avoid U.S. sanctions, according to American officials, who expressed frustration with Baghdad.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Michigan Group Says Archaeological Findings Enough to Halt Enbridge Tunnel 

The group of mostly Native American women says they found man-made patterns underwater near the Line 5 oil pipeline that could date back 10,000 years.

Valero Swings to 3Q Loss Amid Refining Challenges 

Valero Energy logged a loss as the coronavirus pandemic continued to weigh on fuel markets. On an adjusted basis, Valero's loss was $1.16 a share versus analysts' projection of an adjusted loss of $1.49 a share.

Oilfield Services Look Beyond Oil 

The companies have made good progress on cost cuts and are considering their next steps.

Carbon Pledge Lifts Wind and Solar Stocks in China 

Chinese renewable-energy stocks have soared recently as investors believe the country's drive to become carbon neutral will fuel heavy investment in wind farms and solar parks.

(END) Dow Jones Newswires

10-23-20 1615ET

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