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News Highlights : Top Energy News of the Day

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06/12/2019 | 08:15 pm


Oil Prices Stumble on Fears of Falling Demand



Oil prices dropped sharply as investors signaled their worries over sagging demand and a burgeoning U.S. supply glut.




U.S. Crude Oil Inventories Unexpectedly Increase



U.S. inventories of crude oil unexpectedly rose last week, while stockpiles of gasoline also increased, according to data released Wednesday by the Energy Information Administration.




Jerry Jones Is Betting on Natural Gas. Should You?



U.S. natural gas prices have fallen to three-year lows at a time of year when they should be rising, but the billionaire owner of the Dallas Cowboys has bet more than $1 billion on the fuel.




Norway Fund Boosts Renewable Energy, Divests Fossil Fuels



Norway's parliament steered its $1 trillion sovereign-wealth fund to pull an estimated more than $13 billion from oil, gas and coal extracting companies and move up to $20 billion into renewable-energy projects and companies.




Energy & Utilities Roundup: Market Talk



The latest Market Talks covering Energy and Utilities




China, Russia Carriers to Ship Gas on Arctic Route



The agreement comes a year after Beijing released its first Arctic policy white paper in which it said it said it would encourage investment across the northern sea route and conduct commercial sailings that would be part of a "Polar Silk Road."




Oil Sanctions Reach Limits as Venezuela Is Wrung Dry



Venezuela's oil industry is reeling, but additional U.S. sanctions will have little effect as it trades with countries that will ignore them.




U.S. Oil, Gas Hit Record Production Levels in 2018



The shale revolution powered U.S. oil and gas production in 2018 to the largest annual increases ever recorded by any country, according to energy giant BP.




Shell's Floating LNG Project Ships First Cargo



Royal Dutch Shells massive floating gas factory off Australia's northwest coast, a multibillion-dollar engineering achievement years in the making, has shipped its first cargo of liquefied natural gas.




Oil's Slide Lowers Fuel Prices Ahead of Summer Driving Season



Average retail gasoline prices have fallen in five consecutive weeks, putting many Americans on track to pay much less for fuel this summer.






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