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News Highlights : Top Energy News of the Day

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09/11/2019 | 03:15 pm

Nymex Crude Erases Gains

Nymex crude erased gains, trading lower despite larger-than-forecast U.S. inventory decline.

OPEC Cuts 2019 Oil Demand Growth Forecast

OPEC cut its 2019 oil demand growth forecast for the second month in a row and downgraded its projections for global economic growth, citing slowdowns in the U.S. and the eurozone, as well as continuing trade tensions between the U.S. and China.

PG&E Shouldn't Leave Its Heart in San Francisco

The city's offer for parts of the bankrupt utility wouldn't solve much for PG&E, and California's other residents have a lot to lose. San Francisco's own power consumers should be wary as well.

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities

GE to Give Up Majority Control of Baker Hughes

General Electric is giving up majority control of Baker Hughes, selling shares in the oil-field services firm that will raise about $3 billion cash but trigger a more-than-$7-billion accounting charge.

Oil Prices Sink After Trump Ousts John Bolton

U.S. oil prices fell by about $1 a barrel when President Trump announced the resignation of national security adviser John Bolton, a policy hawk whose exit, analysts said, could lead to a greater global supply of crude.

How to Tap Into Aramco's IPO

Many investors outside of Saudi Arabia are unfamiliar with the market and its rules. Here's how foreign investors might gain exposure to Aramco shares.

American Electric Power Boosts Carbon Dioxide Reduction Target

American Electric Power said it aims to cut carbon dioxide emissions by 70% from the 2,000 parts per million level by 2030, a step up from its previous target of a 60% reduction.

EdF Flags Faults In Nuclear Part Manufacturing

EdF shares lost almost 8% in early European action, after the French utility said its majority-owned nuclear reactor construction firm Framatome had found anomalies in its part manufacturing.

FEMA Official, Contractor Executive Charged Over Puerto Rico Grid Repairs

Federal prosecutors indicted a Federal Emergency Management Agency official and the former president of a Puerto Rico utility contractor, charging them with corruption in connection with repairs to the U.S. territory's hurricane-ravaged electric grid.

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