News Highlights: Top Energy News of the Day

WTI Oil Erases Declines, Rise Above $40

U.S. benchmark oil prices ended the session 2.3% higher as a surge in U.S. stock markets helped increase risk appetite in commodity markets, while another drop in the U.S. oil-rig count boosted hopes for tighter supplies down the road.

U.S. Oil Rig-Count Falls to 11-Year-Low

The number of active, oil-targeted rigs in the U.S. fell by four in the latest week to a fresh, 11-year-low of 181 rigs, as many producers remain averse to new drilling activity due to below-profit-making oil prices.

Sandy Creek Power Plant in Talks on Debt Restructuring

Texas plant could become the latest casualty of coal's declining role in the nation's power grid, sources say.

Coronavirus's Worst Impact on Oil Demand Has Passed, IEA Says

The worst effects of the coronavirus on global oil demand have passed but will continue to echo as the market slowly recovers in the second half of 2020, the International Energy Agency said.

Libya Restarts Exports From Largest Oil Port

EXCLUSIVE: Libya is restarting oil exports from its largest oil terminal after a six-month interruption, after a rebel commander came under pressure to end the blockade.

Oxy's Sweetener a Bitter Pill for Warren Buffett

Occidental Petroleum's surprise gift to shareholders such as Carl Icahn dents the value of the company's lifeline from Berkshire Hathaway last year.

China's Energy Policy Is a Darker Shade of Green

China is simultaneously ramping up investment in both renewables and coal, raising uncomfortable questions for investors as well as climate activists

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities.

Denmark Gives Russia's Nord Stream 2 Pipeline a Path to Completion

Denmark granted unexpectedly swift approval for resuming construction of the Russian-backed Nord Stream 2 pipeline in Danish waters, potentially clearing one of the last hurdles for completing the project at the center of a geopolitical tussle.

Oil Went Below $0. Some Think It Will Rebound to $150 One Day.

Crude markets began the 2020s by nosediving below $0 a barrel for the first time. Investors and analysts are now trying to work out what the rest of the decade holds in store.

  (END) Dow Jones Newswires
  07-10-20 1615ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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