Oil up a second day on bets for higher demand as U.S., Europe ease COVID restrictions
Oil prices post a gain for a second session on Tuesday, as investors focus on the lifting of COVID-related restrictions in the U.S. and Europe.
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say
U.S. crude-oil stockpiles are expected to decrease by 2 million barrels while gasoline stockpiles are expected to fall by 900,000 barrels from the previous week in data due Wednesday from the Energy Department, according to a survey of analysts and traders.
EnCap Raises $1.2 Billion for First Clean-Energy Fund
The Houston firm aims to back companies that develop clean-energy assets at their earlier stages.
Saudi Aramco Posts 30% Profits Rise
Saudi Aramco profits rose by almost a third in the first quarter to $21.7 billion, boosted by a stronger oil market and higher refining and chemicals margins.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
U.S. LNG Club Could Get More Exclusive
Healthy demand growth should help U.S. LNG exporters such as Cheniere Energy, but supply additions from global giants will make it difficult for new projects to break through.
BlackRock-Backed Wind Farm Faces Trial on $100 Million Citi Bill
BlackRock funds are battling Citi to stay in charge of Texas wind farm Mariah Del Norte, which failed to deliver power in February's winter storm.
EPA Proposes Rules to Curb Air Conditioner Emissions
The proposal from the U.S. Environmental Protection Agency is the first step toward meeting new mandates to cut supply by 85% over 15 years.
Stoneway, Bondholders at Odds Over Restructuring Venue
Senior bondholders want the company's restructuring proceedings to go forward in Canada; Stoneway filed for chapter 11 in New York.
Pearl Energy-Backed Streamline Innovations Weighs SPAC Deal
The water- and gas-treatment services provider sees an opportunity in the expanding market for carbon capture and storage systems.
(END) Dow Jones Newswires
05-05-21 0015ET
