Delayed - 08/23 12:27:04 am

News Highlights: Top Energy News of the Day

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08/13/2019 | 08:15 pm

Oil Rises on Progress in U.S.-China Trade Talks

Oil futures rallied, with U.S. prices up 4% to their highest finish in almost two weeks, following news that the U.S. will delay tariffs on certain Chinese products until December.

U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say

U.S. crude-oil stocks are expected to decline 2.1 million barrels while gasoline stockpiles are expected to rise by 100,000 barrels, according to a survey of analysts and traders.

Shareholders Have No Love for Shale Companies

American shale companies have never pumped more. They have never been loved less. A broad index of U.S. oil-and-gas company shares fell last week to the lowest point since it was created during the early days of the shale boom in 2006.

Reliance Industries Surges on Aramco Deal

Reliance Industries Ltd. shares rose as much as 12% in the first hour of trading, adding nearly $11 billion to its market capitalization as investors cheered news that Saudi Aramco is planning to take a 20% stake.

States Sue Trump Administration Over Rollback of Power-Plant Rules

More than 20 states are suing the Trump administration over its rollback of climate-change regulations for power plants in what could be a landmark case deciding what the federal government's responsibility is for fighting global warming.

Uranium Giant Cameco Can't Catch a Break

Jitters over a nuclear accident in Russia, while they won't affect civilian nuclear demand, are the latest in a cascade of negative sentiment for the Canadian company.

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities.

Sanchez Energy Files for Bankruptcy, Casualty of Commodity Price Volatility

Sanchez Energy Corp. filed for bankruptcy protection after struggling with slumping energy prices, volatile markets and a dispute with Blackstone Group.

Aramco Bulks Up on Refining With $15 Billion Deal

Saudi Aramco is buying a stake in Reliance's energy business, worth some $15 billion including debt, a move that would help match its enormous crude production with refining capacity, as it gears up for its planned IPO.

Iberdrola Sells Stake in UK Wind Farm

Spain's Iberdrola has agreed to sell a 40% stake in a U.K. offshore wind farm project to a Macquarie for GBP1.63 billion.

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