WTI

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News Highlights : Top Energy News of the Day

09/22/2020 | 12:16pm
Oil Rises Steadily, Though Eyes Remain on Libya 
 

Oil builds on its early-day rally, with moderate gains coming after a sharp drop in prices Monday.

 
Hot Oil Field Was Desperate for Pipelines. Now It Has Too Many. 
 

The Southwest's Permian Basin has become a headache for pipeline operators with the pandemic damping oil demand after they had added capacity.

 
Oil Market Flies Blind as Covid-19 Clouds Demand Outlook 
 

Predicting oil demand has rarely been more challenging. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, as well as grappling with the effects on fuel demand of an economic downturn.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
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.

 
 

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