Speculators Share Andy Hall’s Optimism That Oil Prices at Bottom

by Dan Murtaugh, Bloomberg Andy Hall and Daniel Yergin think oil prices are bottoming out. Hedge funds agree. Money managers’ net-long position in West Texas Intermediate crude rose 20 percent in the week ended Nov. 3, the most in seven months,...

Exxon Mobil 3Q results still top Street expectations

Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States. However, profit doubled in the refining end of its business on...

Utilities urge COP21 to power clean electricity

A group of 11 leading energy utilities from around the world have published a major new report detailing how 50 electricity technologies could play a role in meeting international climate change targets. The 68-page report has been developed by the Montreal-based Global Sustainable Electricity Partnership (GSEP) and is designed to...

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