News Highlights : Top Energy News of the Day
U.S. Oil Futures Settle At The Lowest In Over A Week
Oil futures declined on Wednesday, settling at their lowest in about a week, as a report that President Donald Trump is considering easing sanctions on Iran raised the possibility of the return of the country's crude to the world market.
Aramco IPO, Economic Slowdown to Weigh on OPEC Meeting
OPEC and its oil-producing allies are under considerable pressure as fresh forecasts point to declining global demand growth for crude and a potential world-wide economic slowdown.
U.S. Oil Inventories Fall as Refinery Activity Rises
U.S. inventories of crude oil fell sharply last week as refinery activity unexpectedly picked up speed, according to data released Wednesday by the Energy Information Administration.
Oilman T. Boone Pickens Jr. Dies
T. Boone Pickens Jr., an oilman and pioneer in hostile takeovers, has died. He was 91 years old.
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.
Analysts Expect 81 Bln Cubic-Foot Rise in U.S. Natural-Gas Inventories
U.S. government natural-gas data due Thursday is expected to show inventories increased last week by 81 billion cubic feet -- a larger than normal amount for this time of year.
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.
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.