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Energy Up With Oil, Gas Prices After Tariff Delay - Energy Roundup

Shares of energy companies rose alongside energy prices as a delay in tariffs on Chinese imports sparked hope that the U.S. and China would reach a ceasefire in the trade battle.

Natural-gas prices rose as large swaths of Texas and the U.S. South saw temperatures above 100 degrees Fahrenheit, keeping air-conditioners humming and creating natural-gas usage at utilities.

Reliance Industries surged, adding 760 billion rupees (nearly $11 billion) to its market capitalization after Monday's report that Saudi Aramco was planning to take a 20% stake in the Indian conglomerate's oil-and-chemicals business.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

August 13, 2019 16:17 ET (20:17 GMT)

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