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News Highlights : Top Energy News of the Day

09/17/2020 | 12:16am
Oil Rallies on Surprise Supply Drop 

Oil prices climbed, after unexpectedly upbeat U.S. inventory numbers extended a rally that began Tuesday.

Trump's Promise to Revive Coal Thwarted by Falling Demand, Cheaper Alternatives 

Coal companies experienced a brief renaissance during the first two years of Mr. Trump's term. U.S. coal output and consumption are now on pace to decline at faster annual rates, on average, under President Trump than under President Obama. Still, many in the industry fear things would be even worse under a President Biden.

U.S. Gas Exporters Eye Europe's Surging Prices 

Natural-gas prices have surged in Europe, offering good news for exporters that invested in infrastructure for shipping it over the past decade, only to contend with a collapse in sales when the pandemic struck.

Analysts Expect 77 Billion Cubic-Foot Injection in Natural Gas Storage 

U.S. government natural-gas data due Thursday are expected to show inventories rose last week by 77 billion cubic feet -- an amount typical for this time of year, as mild weather arrives and gas-fired cooling demand is reduced.

Power Companies Brace For Supply Chain Shake-Up From New Cyber Rules 

Many electricity companies and vendors are holding their breath as the Trump administration finalizes new limits on foreign equipment in an effort to bolster the U.S. power grid's cybersecurity.

EU Proposes Higher 2030 Emissions Target, Green Bonds 

The European Union proposed cutting 55% of the bloc's emissions by 2030, up from its previous goal of 40%, and said hundreds of billions of euros worth of green bonds should help fund the target.

Business Shifts From Resistance to Action on Climate 

In a sign of how much corporate attitudes have changed, the Business Roundtable, one of the country's most prominent business groups, is throwing its support behind broad-based measures to slash greenhouse gas emissions.

Hitachi to End U.K. Nuclear Construction Project 

Hitachi said it would end its nuclear power construction project in the U.K., a year and a half after it was suspended due to increased costs.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

IEA Deepens 2020 Demand Contraction Forecast 

The oil-market uncertainty brought about by the coronavirus pandemic isn't going anywhere, with the outlook for global demand even gloomier than it was last month, according to the IEA.


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