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News Highlights : Top Energy News of the Day

06/16/2021 | 12:16am EDT
Federal Judge Stops Biden Administration From Blocking New Oil and Gas Leases 

Preliminary injunction issued Tuesday applies to offshore drilling and onshore federal land.

WTI Oil Tops $72 Ahead of U.S. Inventory Reports 

U.S. benchmark oil prices finished the session 1.7% higher at $72.12 a barrel, the highest closing price since Oct. 10, 2018, as a seemingly unstoppable rally continues.

U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say 

U.S. crude-oil stockpiles are unanimously expected to decrease by 2.9 million barrels from the previous week while gasoline stockpiles are expected to fall by 800,000 barrels in data due Wednesday from the Energy Department, according to a survey of analysts and traders.

Equinor to Increase Spending on Low-Carbon Energy Projects 

The Norwegian oil-and-gas company aims to speed up low-carbon investments and has introduced new targets to reduce emissions.

China Nuclear Plant Under Scrutiny Was Built to Showcase Nation's Prowess 

The Taishan plant, built in partnership with EDF, the French company that has flagged a performance issue, came online in 2018 as a showcase of Beijing's advances in energy technology and safety standards.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Shell Considering Sale of Texas Shale: Report 

A disposal would help shrink the oil giant's net debt, which stood at $71 billion in March.

Nuclear Firm Flags Performance Issue at Chinese Plant 

French power giant EDF says it requested an extraordinary board meeting with Chinese managers of the Taishan nuclear plant in Southeast China to get more information on the buildup of gases inside one of the plant's reactors.

Oil Hits Pandemic High as Investors Bet on Green Energy 

Some investors are wagering that Wall Street's preference for green energy will depress spending on oil extraction, setting the stage for supply shortages and higher fuel prices.

How the FBI Got Colonial Pipeline's Ransom Money Back 

The seizure of more than half of the company's payment cuts against cryptocurrency's reputation as an untraceable financial medium for hackers.

(END) Dow Jones Newswires

06-16-21 0015ET

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