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News Highlights : Top Energy News of the Day

03/03/2021 | 12:16am EDT
Exxon Mobil to Cut 7% of Workforce in Singapore 

Exxon Mobil Corp. said it would cut about 300 positions at its Singapore affiliate by the end of this year, citing unprecedented market conditions due to the pandemic.

Big Oil Faces Off Against Clean-Energy Giants 

Competition for renewable assets is heating up as BP, Shell and Total rush into a sector dominated by more experienced utility companies.

U.S. oil prices settle below $60 mark as traders bet that OPEC+ will decide to boost output 

Oil futures fall on Tuesday, with U.S. prices settling below the $60 mark for the first time in more than week, as traders bet that Organization of the Petroleum Exporting Countries and its allies will decide later this week to restore some output in April.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Oil Trade Group Is Poised to Endorse Carbon Pricing 

The American Petroleum Institute said the move to put a price on carbon emissions would be a step toward meeting terms of the Paris climate accord.

Texas Utility Commission Chief Resigns After Blackouts 

DeAnn Walker, the head of the Texas Public Utility Commission, resigned as fallout mounted from the energy crisis that swept the state during last month's winter storm.

Exxon Adds New Board Members Amid Activist Pressure 

The oil giant said Jeffrey Ubben and Michael Angelakis would join its board, but Engine No. 1 plans to continue a proxy fight.

Texas Blackout Bills Plunge Power Supplier Brazos Into Bankruptcy 

The bankruptcy filing by Brazos Electric Power Cooperative suggests that while the power blackouts in Texas are over, the process of settling large bills stemming from the energy crisis is just beginning as the financial fallout spreads.

Former SBM Executive Sentenced to Prison in U.K. Bribery Case 

A U.K. court sentenced Paul Bond, a former sales manager for the Dutch oil company, to 3 1/2 years in prison for conspiracy to bribe public officials in order to win contracts in Iraq.

Iran Rejects Offer of Direct U.S. Nuclear Talks 

Iran rejected a European Union offer to hold direct nuclear talks with the U.S. in the coming days, risking renewed tension between Tehran and Western capitals.

(END) Dow Jones Newswires

03-03-21 0015ET

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