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CNBC Utilities Page Wires

  • *Venezuela to shut two upgraders for repairs. NEW YORK, July 17- Crude oil futures steadied on Tuesday as the focus turned to falling inventories in the United States and further output constraints in Venezuela. "Every time there's an update that the situation in Venezuela is, in fact, worsening, it props up the market," said John Kilduff, a partner at Again Capital...

  • DOLLAR ON BITSTAMP PLATFORM, NOW TRADES ABOVE $7,000.

  • U.S. 2- YEAR TREASURY YIELD HITS HIGHEST LEVEL SINCE AUGUST 2008, LAST AT 2.615 PCT.

  • BOSTON, July 17- A federal judge on Tuesday expressed concern about the scope of an indictment against several former Insys Therapeutics Inc executives accused of bribing doctors to prescribe an opioid and suggested U.S. prosecutors streamline the case to avoid its dismissal. District Judge Allison Burroughs in Boston said she believed the indictment did...

  • WALMART CONSIDERING LAUNCHING SUBSCRIPTION STREAMING VIDEO SERVICE TO COMPETE WITH NETFLIX AND AMAZON PRIME VIDEO- THE INFORMATION, CITING SOURCES.

  • *USDA crop ratings fall below analysts' estimates. *Traders hope for resolution to U.S.- China trade spat. CHICAGO, July 17- U.S. soybean and corn futures rose on Tuesday as falling crop ratings and increased hopes for a resolution to the U.S.- China trade battle helped to extend a recovery from sharp losses last week.

  • EUROPE IS SAID TO EXPLORE TALKS WITH TRUMP ON CAR-TARIFFS OFFER- BLOOMBERG, CITING SOURCES.

  • NEW YORK, July 17- The U.S. dollar rose on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Wall Street's main indexes erased losses from the start of the session to trade solidly positive. In written testimony, Fed Chairman Jerome Powell said the economy was on the cusp of "several years" of the job market...

  • BERLIN, July 17- Ukraine and Russia said they will hold further European Union- mediated talks on supplying Europe with Russian gas, in a key first step towards renewing Ukraine's gas transit contract that expires at the end of next year. European Commission Vice-President Maros Sefcovic, who chaired a three-way meeting in Berlin with Ukraine's Foreign...

  • *EMA says working to assess long term risk to patients. LONDON, July 17- A common blood pressure and heart drug manufactured in bulk by a Chinese company and sold worldwide may have contained an impurity linked to cancer since 2012, European regulators said on Tuesday. The European Medicines Agency, which first raised the alarm over the Chinese supplied...

  • July 17- U.S. stock indexes rose on Tuesday after Federal Reserve Chairman Jerome Powell gave a robust view of the U.S. economy and strong earnings from healthcare gaint Johnson& Johnson reinforced expectations of a solid earnings season. "While the markets have been trending higher since Powell has been speaking, for the most part he simply reiterated what most...

  • WASHINGTON, July 17- President Donald Trump on Tuesday was slated to discuss the possibility of more tax cuts with U.S. House of Representatives Republicans, who aim to make permanent some temporary cuts for individuals, families and private businesses passed in December. At a White House meeting scheduled for 2 p.m., the chairman of the tax-writing Ways and...

  • BASRA/ BAGHDAD July 17- Iraqi police wielded batons and rubber hoses to disperse about 250 protesters gathered at the main entrance to the Zubair oilfield near Basra on Tuesday as unrest across southern cities over poor basic services gathered pace. Tensions focused attention on the performance of Prime Minister Haider al-Abadi, who is seeking a second term...

  • NEW YORK, July 17- Crude oil futures steadied Tuesday as worries over supply disruptions eased and the focus moved to increasing production and potential damage to global growth from the U.S.- China trade dispute. Brent futures rose 41 cents to $72.25 a barrel, after earlier trading as low as $71.35 a barrel, its lowest since April 17. The market is waiting for...

  • July 17- Private equity firm Carlyle Group LP is looking to raise a $4 billion fund for investing in oil and gas assets outside North America, the Financial Times reported on Tuesday. "Not so many investors are deploying money in Africa, the North Sea and Russia, so there is an opportunity," an institutional investor, with direct knowledge of the new fund, told the...

  • *New York, Connecticut, Maryland, New Jersey sue. The lawsuit by New York, Connecticut, Maryland and New Jersey came seven months after Trump signed the $1.5 trillion overhaul passed by the Republican-led Congress, which cut taxes for wealthy Americans and slashed the corporate tax rate. "The federal government is hell-bent on using New York as a piggy bank to pay...

  • WASHINGTON, July 17- Facebook Inc, Alphabet Inc and Twitter Inc told a U.S. House panel on Tuesday that the social media companies are not discriminating against content for political reasons. Conservative Republicans in Congress have criticized social media companies for what they claim are politically motivated practices in removing some content, a...

  • GENEVA, July 17- The credibility and survival of the World Trade Organization is under "serious threat" as major economies put up protectionist barriers, independent experts warned on Tuesday. The report issued by the Bertelsmann Foundation comes amid a deepening trade dispute between China and the United States which has engulfed other major trading...

  • July 17- Intercontinental Exchange on Tuesday said it would launch a crude oil futures contract deliverable in Houston later this quarter, capitalizing on the growth in U.S. exports of crude oil that have risen to about 2 million barrels a day. Brokers and market participants said the Houston crude market has ample liquidity as Gulf Coast grades are regularly...

  • BASRA, Iraq, July 17- Iraqi police wielded batons and rubber hoses to disperse about 250 protesters gathered at the main entrance to the Zubair oilfield near Basra on Tuesday as unrest across southern cities over poor basic services gathered pace. Tensions focused attention on the performance of Prime Minister Haider al-Abadi, who is seeking a second term...