U.S. oil prices briefly dip below $100 on apparent progress in Russia-Ukraine talks

Oil futures settle lower on Tuesday, with U.S. prices briefly dipping below $100 a barrel for the first time since mid-month, after Russian news reports said talks with Ukraine officials made progress. 


 
Saudis, U.A.E. Rebuff Calls to Sever Russian Oil Alliance

The two influential OPEC member said the group had a long history of working together through armed conflicts. 


 
E.ON, Australian Billionaire Aim to Replace Russian Gas With Hydrogen

A joint venture between the German energy group and Andrew Forrest highlights how the Western push to cut reliance on Russian energy imports is accelerating investments in renewable energy. 


 
SSE Lifts Outlook on Renewable Recovery

SSE raised its earnings guidance for fiscal 2022 to 92-97 pence a share, as better weather conditions in the fourth quarter boosted renewable electricity production. 


 
Brazil Government to Replace Petrobras CEO

Brazil's Mining and Energy Ministry said the government intends to appoint Adriano Pires as chief executive of state-controlled Petrobras, replacing Joaquim Silva e Luna. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Gasoline Tax Breaks Are a Low Octane Boost for Drivers

Fuel tax suspensions are gaining traction around the world. At their best, they pass on moderate savings to motorists. At worst, they risk stoking even more oil demand. 


 
U.S. to Probe Tariff-Dodging Claim Against Chinese Manufacturers

The issue pits U.S. solar manufacturers against installers who use imported cells and modules. 


 
Ohio Power Retailer Volunteer Files for Bankruptcy to Offload Customers

Volunteer Energy Services, a retail energy company providing natural gas and electricity to homeowners and businesses in Ohio, Michigan, Kentucky and Pennsylvania, has filed for bankruptcy and intends to wind down its business. 


 
Higher Prices Spark Fresh Investor Interest in Oil and Gas

Rising commodity prices are rekindling investors' interest in oil- and gas-focused private-equity strategies after years of depressed fundraising, while more frequent exit deals give investors additional capital to redeploy in the sector.


(END) Dow Jones Newswires

03-30-22 0015ET