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News Highlights: Top Energy News of the Day

07/28/2021 | 12:16am EDT
Oil prices end lower on demand risks tied to spread of coronavirus delta variant 

Oil futures settle lower Tuesday as traders weigh worries over the delta variant of the coronavirus that causes COVID-19 and its impact on the economy, and energy demand.

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

U.S. crude-oil stockpiles are expected to decrease from the previous week by 2.2 million barrels while gasoline stockpiles are expected to fall by 1 million barrels in data due Wednesday from the U.S. Energy Department, according to a survey of analysts and traders.

Texas Electricity Co-op Challenges Grid Operator on $1.9 Billion Storm Bill 

The biggest electric power cooperative in Texas revived a fight over whether utilities and consumers should pay for billions of dollars in electricity charges imposed by state regulators during February's extreme winter storm.

Glencore Probe Yields Charges Against Another Former Trader 

A former Glencore trader pleaded guilty Monday to what prosecutors described as a conspiracy to pay millions of dollars in bribes to officials in Nigeria and elsewhere in exchange for favorable contracts with a state-owned oil company.

Limetree Oil Refinery Wants Bankruptcy Shield Extended to Private-Equity Backers 

The St. Croix refinery says environmental litigation against its current and former owners would distract from restructuring goals.

Shell New Energies to Buy Inspire Energy Capital 

Shell New Energies US agreed to buy renewable energy residential retailer Inspire Energy Capital.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Chevron Foe Steven Donziger Found Guilty of Contempt in Ecuador Saga 

The ruling by a U.S. federal judge is the latest twist in a nearly 30-year battle that began as an attempt to prove the oil company caused environmental harm in Ecuador.

Oil Search Revenue Rises, Maintenance Dents Production 

Oil Search Ltd. said higher realized prices for its oil and natural gas drove a 22% increase in second-quarter operating revenue, offsetting lower output.

Big Oil Companies Push Hydrogen as Green Alternative, but Obstacles Remain 

BP, Shell and TotalEnergies are all pursuing multimillion-dollar hydrogen projects, often with government support, as they seek to redefine their future role in a world less reliant on fossil fuels.

(END) Dow Jones Newswires

07-28-21 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
CHEVRON CORPORATION 2.48% 100.06 Delayed Quote.18.48%
DJ INDUSTRIAL 1.48% 34764.82 Delayed Quote.10.83%
GLENCORE PLC -0.59% 329.75 Delayed Quote.41.33%
ISTOXX FP GR DEC 2.54 (EUR) 2.53% 40.23 Delayed Quote.0.00%
LONDON BRENT OIL 0.08% 77.38 Delayed Quote.44.45%
OIL SEARCH LIMITED 3.38% 3.98 End-of-day quote.7.28%
S&P GSCI CRUDE OIL INDEX -0.29% 401.8962 Delayed Quote.47.36%
S&P GSCI NATURAL GAS INDEX 0.12% 241.1275 Delayed Quote.93.42%
TOTALENERGIES SE 0.15% 39.69 Real-time Quote.12.27%
WTI -0.05% 73.31 Delayed Quote.46.78%
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