News Highlights : Top Energy News of the Day
Oil Swoons as Crude Stockpile, Demand Data Disappoints
Oil prices fell heavily after data showing rising U.S. crude stockpiles last week was compounded by a bleak outlook for consumer demand for crude.
Natural Gas Pares Gains After Inventory Data
Natural-gas prices slightly pared gains Thursday after government data showed a larger-than-expected addition to stockpiles in the latest week.
Global Oil Supply Lifted by Steady U.S. Production, IEA Says
The world's oil supply expanded in September on the back of steady U.S. production growth, even as the global market continued to show signs of rebalancing, the International Energy Agency said.
A Colder Winter May Finally Be Coming for Natural Gas Bulls
Natural gas bulls have been disappointed by winter for two years in a row. Now they're giving it one more shot.
U.S. Crude-Oil Supplies Seen Decreasing in DOE Data
U.S. crude-oil inventories are expected to show a decrease of 1.7 million barrels in data due Thursday from the Department of Energy. Gasoline stockpiles are expected to show a decrease of 600,000 barrels on average.
BNP Paribas to Stop Financing Shale, Oil Sands Projects
French lender BNP Paribas said it will no longer finance shale and oil sands projects, in one of the clearest signs the banking industry is re-evaluating its relationship with the oil sector amid mounting pressure from investors.
GE's Baker Hughes Recently Held Takeover Talks With Subsea 7 SA
General Electric's Baker Hughes recently held takeover talks with energy-services company Subsea 7, but the negotiations recently broke down over price.
Energy Future Wrangles With Vistra Over Tax Breaks
Energy Future Holdings is battling some of its former businesses in a tax dispute with Vistra Energy, and hedge fund Elliott Management is chiming in.
OPEC Production Jumps Despite Deal to Limit Output
OPEC crude-oil production jumped in September by nearly 90,000 barrels a day, complicating the cartel's efforts to limit output, curb the global supply glut and raise oil prices.
Power Companies to Stick With Plans Despite EPA's Emissions Repeal
Some of the biggest U.S. power companies said they are pushing ahead with investments in renewable and gas-fired electricity, regardless of the Trump administration's move to repeal Obama-era federal limits on carbon emissions at power plants.