Global oil benchmark settles lower, gives back Monday's OPEC-inspired bounce

Global oil futures settle lower on Tuesday, with Brent crude giving back gains scored after OPEC and its allies agreed to cut output for the first time since 2020. 


 
Anti-ESG Activist Investor Urges Chevron to Increase Oil Production

Vivek Ramaswamy is bringing ESG battle to oil patch by calling on Chevron to boost long-term production. 


 
Oil Royalty and Mineral Companies Sitio and Brigham to Merge in $4 Billion Tie-Up

The deal between Sitio Royalties and Brigham Minerals is one of largest in the oil-and-gas industry this year. 


 
Europe's Odds of Dodging Natural-Gas Shortage Hinge on Winter Weather

Early forecasts point to mild, dry weather during the coming heating season, which could limit the risk of fuel rationing due to Russian supply curbs. 


 
OPEC+ Agrees to Small Production Cut Amid Recession Fears

The move shows how worries over an economic slowdown are dominating a global oil market. 


 
Energy & Utilities Roundup: Market Talk

Gain insight on Natron Energy's plans to introduce sodium-ion batteries into its operations, the U.K.'s potential price freeze on utilities and more in the latest Market Talks covering Energy and Utilities. 


 
Germany to Delay Closure of Two Nuclear Plants Amid Russian Gas Cuts

Germany's European Union neighbors, as well as the bloc's executive body, have called on Berlin to extend the life of its nuclear plants to stem the crisis caused by the economic confrontation with Moscow. 


 
OPEC+'s Warning Shot

The oil producing cartel has agreed to cut output targets just days after U.S.-led agreement to establish a buyer's alliance seeking price-setting power over Russian crude. 


 
Nord Stream Pipeline Closure Lands Blow Against Europe

Power prices surged, European currencies hit multidecade lows and governments scrambled to contain the economic hit after Russia cut its main natural-gas pipeline to Europe. 


 
Japan Should Consider New Gas-Consumption Rules, Ministry Says

The proposal for new gas-consumption regulations reflects heightened concerns about gas shortages in Europe and how they could affect Japan, which relies on imported LNG for generating much of its electricity.


(END) Dow Jones Newswires

09-07-22 0015ET