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News Highlights : Top Energy News of the Day

11/22/2021 | 12:16am EST
Oil settles at a 7-week low as rising Europe COVID cases may hurt on demand 

Oil prices settle Friday at their lowest in about seven weeks, down a fourth straight week, after Austria announced a national lockdown starting Monday.

Japan Considers Releasing Oil Reserves Amid Surging Prices 

UDATED: Japan is considering releasing oil from its reserves to help curb surging energy prices, a top government spokesman said.

Think Gas Prices Are Too High? In This County, a Gallon Costs $6 

Mono County, Calif., has the highest gasoline prices in the state with the country's top prices as costs soar across the U.S.

Reliance Industries, Saudi Aramco to Re-Evaluate Planned Business Tie-Up 

Indian conglomerate Reliance says the move stems from its greater push into new-energy and materials business.

U.S. Oil-Rig Count Rises by 7 in Latest Week 

The number of rigs drilling for oil in the U.S. rose by seven in the latest week to 461, Baker Hughes data showed, marking the highest number since April 2020, when production was declining sharply because of Covid-19 lockdowns.

Fed Programs Have Kept Finance Flowing to Fossil Fuels 

The world's biggest banks and investors recently pledged to crimp the flow of finance to fossil fuels. But energy companies have logged record amounts of private-sector financing since the Federal Reserve's pandemic-era measures.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Aker Horizons, Hanwha, REC Silicon Join Forces in US Solar Move 

Aker Horizons has agreed a deal with South Korea's Hanwha and REC Silicon to expand the solar industry in the U.S.

Biden Asks FTC to Examine Whether Oil, Gas Companies Are Inflating Gas Prices 

In a letter to FTC Chair Lina Khan, President Biden alleged that there is "mounting evidence of anti-consumer behavior by oil-and-gas companies."

U.S. Climate Risk Guidance Will Be in Line With Global Principles, Bank Regulator Says 

The acting head of the U.S.'s top banking regulator called for banks to be screened for climate risk as part of their periodic stress tests and said the agency's own regulatory approach was focused on maintaining the safety and soundness of the financial system.

(END) Dow Jones Newswires

11-22-21 0015ET

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