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News Highlights : Top Energy News of the Day

09/22/2020 | 07:16am
Oil Ticks Higher After Monday Beating 

Oil clawed back some of its heavy early-week losses with Brent crude up 0.6% and WTI futures up 0.7%.

Oil Market Flies Blind as Covid-19 Clouds Demand Outlook 

Predicting oil demand has rarely been more challenging, buffeting prices and muddying the outlook for traders, investors and energy producers.

U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. fell by one in the past week to 179, according to oil-field services company Baker Hughes.

PG&E CFO Leaving for Another Utility 

PG&E's finance chief, Jason Wells, who helped the utility negotiate its exit from bankruptcy, plans to depart after nearly five years in the role.

Oregon Fires Show Power Lines Pose Threat Beyond California 

Oregon's worst wildfire season in recent memory is demonstrating that the risk of fires sparked by utility equipment during hot, dry winds is no longer confined to California, as drought and climate change kill trees and alter weather patterns.

Oil Producers' Best Customers Are in Trouble 

Oil-demand forecasts keep getting cut, and the source of those reductions could generate more concern in the future.

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.

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.


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