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News Highlights : Top Energy News of the Day

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11/09/2017 | 10:16pm CEST
Oil Rises On Increased Uncertainty In Middle East 

Oil prices hovered near two-year highs on Thursday, bolstered by geopolitical risks in the Middle East.

Natural Gas Hits Five-Month High on Cold Weather 

Natural gas prices settled at a five-month high Thursday, boosted by cold weather forecasts and a below-average addition to stockpiles last week.

EU Officials Boost Efforts to Meet Paris Climate-Change Commitments 

European Union officials agreed to revise the bloc's cap-and-trade system, ramping up efforts to curb carbon-dioxide emissions as part of their push to meet Paris Agreement commitments to fight climate change.

Saudi Authorities Freeze Former Crown Prince's Bank Accounts 

The kingdom's former crown prince, Mohammed bin Nayef, has become the latest royal targeted in a corruption crackdown carried out by a Saudi leadership seeking to consolidate power.

Total Expands Natural Gas Business with $2 Billion Deal 

Oil giant Total SA has agreed to buy French utility Engie SA's liquefied-natural gas business for as much as $2 billion in a deal that would eventually make it the second-largest LNG player among Western energy firms.

EU Proposes Rules for Offshore Gas Links as Russian-Owned Nord Stream 2 Nears 

The European union proposed Wednesday to extend its natural-gas regulations to offshore pipelines, marking the latest effort to derail an energy link between Russia and Germany that is fueling tensions within the bloc.

U.S. Oil Inventories Unexpectedly Increase 

U.S. inventories of crude oil unexpectedly increased by 2.2 million barrels for the week ended Nov. 3, even as refinery activity sped up, according to EIA data. Analysts expected a decline of 2.1 million barrels. Gasoline stockpiles fell by 3.3 million barrels, more than expected.

GenOn Wins Bankruptcy Battle with Power-Plant Owners 

A court ruling cleared the way for power-plant operator GenOn Energy to separate from NRG Energy and gain court-approval of its chapter 11 bankruptcy plan.

GulfMark Bondholders Lose Battle With Departing Leaders Over Cash 

Bondholders poised to take over GulfMark Offshore Inc. on Wednesday lost a fight with directors who are demanding nearly $5 million worth of golden parachutes as they depart from the company.

EU Unveils Proposal to Cut Vehicles' Carbon-Dioxide Emissions 

The European Union proposed a 30% cut in carbon-dioxide emissions from cars and vans in the decade through 2030, seeking to prod auto makers toward cleaner technologies led by electric vehicles and curb climate change.

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