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News Highlights : Top Energy News of the Day

12/03/2021 | 12:16am EST
Oil futures end higher as OPEC+ agrees to rollover existing policy to boost output in January 
 

Crude-oil futures settle higher Thursday as OPEC+ decides to rollover existing their production policy and boost output by 400,000 bpd in January.

 
OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices 
 

The producers agreed to continue pumping more crude, sticking to a long-term plan despite new worries over demand raised by the Omicron coronavirus variant.

 
Natural Gas Finishes Lower on Weather Outlook 
 

Natural-gas futures closed lower as traders turned their attention to indications of warmer weather through the first half of December.

 
Renewable Natural Gas Firm Opal Fuels to Go Public in $2 Billion SPAC Merger 
 

Opal converts methane emissions from landfills and dairy farms into renewable natural-gas fuel for trucking customers like UPS. It is valued at $2 billion in its SPAC deal.

 
Limetree Bay Refinery's Lead Bankruptcy Bid Challenged by Liquidator 
 

Backup bidders for the bankrupt Limetree Bay refinery in the U.S. Virgin Islands say dismantling it is better for the local population than the lead bidder's plan to restart operations.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
Exxon to Continue Leaner Spending as Covid-19 Threat Lingers 
 

The Texas oil giant said it is sticking to decreased spending levels for years to come as the outlook for oil and gas demand remains murky while coronavirus-led economic risks persist.

 
U.S. Oil Inventories Decline, Production Rises 
 

U.S. crude-oil inventories decreased by 909,000 barrels to 433.1 million barrels, while analysts predicted stockpiles would fall by 800,000 barrels. However, domestic production rose to an 18-month-high.

 
High Gas and Coal Prices Keep Renewable-Energy Rollout on Track 
 

Build-out of wind and solar farms is accelerating as rising power prices help offset input cost inflation.

 
Omicron Potentially a Stabilizing Force for OPEC+ 
 

The variant could end up being the glue that holds together the factions that were forming inside and OPEC+.

(END) Dow Jones Newswires

12-03-21 0015ET

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