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News Highlights : Top Energy News of the Day

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10/09/2019 | 04:16pm EDT
Oil Ends Little Changed as Oversupply Worries Linger 

Oil prices closed little changed, erasing an earlier rally as traders awaited U.S.-China trade talks and weighed a mixed inventory report.

Power Outage in California Affects Millions as PG&E Tries to Avoid Wildfire 

PG&E began cutting power to nearly a million households and businesses across California, an unprecedented move to help lower the region's wildfire threat in the face of the kind of windstorm that previously fueled infernos.

U.S. Crude Oil Inventories Rise More Than Expected 

Crude-oil stockpiles rose by 2.9 million barrels to 425.6 million barrels, and remain right at the five-year average for this time of year, the EIA said. Analysts shad predicted crude stockpiles would rise by 1.5 million barrels.

Analysts Expect 94 Bln Cubic-Foot Rise in U.S. Natural-Gas Inventories 

U.S. government natural-gas data are expected to show inventories increased last week by 94 billion cubic feet -- an amount higher than normal for this time of year due to record-high production.

Saudi Aramco May Restore Capacity Earlier Than Planned 

Saudi Arabian Oil may restore its production capacity earlier than planned following the attacks last month on one of its oil facilities, and its chief executive insisted plans to list the company had not been affected.

EDF Raises Flamanville Costs Estimate 

EDF has adjusted the schedule for repairs at the Flamanville nuclear power plant and said costs will increase by EUR1.5 billion.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities.

Brazilian Oil Slicks Likely Originated in Venezuela, Report Says 

Stretches of Brazil's northeastern coast have been stained by oil slicks since early September, and at least some of the crude probably came from Venezuelan fields, a report by Brazilian oil company Petróleo Brasileiro SA said, according to a person familiar with the report.

Aramco IPO Prospectus Due to Be Published Before Month-End 

The Saudi state oil company could float 1% to 2% of its shares on its domestic exchange by late November or early December.

Natural-Gas Producers Hard Hit by Tanking Prices 

Dragged down by a supply glut, U.S. natural-gas futures for November delivery recently suffered their longest losing streak since at least 1990, making pain for natural-gas investors and producers.

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