DJ News Highlights: Top Energy News of the Day
Oil futures settle higher Friday, with Brent crude nearing the $60-a-barrel threshold and U.S. benchmark prices up roughly 9% for the week.
The number of rigs drilling for oil in the U.S. increased by four in the latest week to 299, according to oil-field services firm Baker Hughes.
RWE has reported preliminary results, with most of its key profit metrics ahead of guidance, boosted by an improvement in supply and trading operations.
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Frontera Holdings, the owner of a natural gas plant near the U.S.-Mexico border, filed for bankruptcy.
Natural gas prices rocketed higher late in the session to end at their highest level since Nov. 13, closing up 5.2% at $2.935/mmBtu.
The miner will compensate the state of Minas Gerais, where the disaster two years ago killed 270 people and left widespread environmental damage, in the largest settlement in Brazilian history.
The oil giant reported a fourth-quarter loss as it continued to grapple with the fallout of the pandemic but said it would raise its dividend, forecasting a recovery in demand later this year.
The Westport, Conn.-based firm, which previously was focused exclusively on the oil-and-gas sector, is seeking $600 million for the growth-equity fund, Lime Rock New Energy LP, said Managing Director Mark McCall, who co-leads the strategy.
U.S. inventories of crude oil declined a bit more than expected last week as refinery activity sped up, according to weekly data released Wednesday by the Energy Information Administration.
(END) Dow Jones Newswires
February 05, 2021 16:00 ET (21:00 GMT)
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