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News Highlights : Top Energy News of the Day

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03/13/2018 | 09:16pm CEST
Oil Prices Waver Amid Growing U.S. Output 
 

Oil prices wavered between gains and losses as the dollar pared gains, but fresh signs of rising U.S. shale production appeared to put a cap on prices.

 
Mediterranean Gas Bounty Suddenly Seems Within Big Oil's Reach 
 

Big oil companies are moving into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped ease a political logjam around giant Middle Eastern natural-gas discoveries.

 
What Goes Around Comes Around: Energy Prices Dig Into Miners' Profits 
 

The world's biggest miners, which reined in costs during lean times, are flush with profits from a recent commodity-market rebound. But now, with rising expenses for fuel, raw materials and wages, there will be pressure to find fresh cuts to protect margins.

 
Volkswagen Vows to Overtake Tesla With World's Largest Electric-Car Fleet 
 

The German car giant has pulled into Tesla's rearview mirror and vowed to overtake the electric-vehicle pioneer with an extensive rollout of battery and hybrid models over the next five years, as well as new production facilities.

 
Top Candidate Plots Big Shake Up for Mexico's Oil Industry 
 

The front-runner in Mexico's presidential election wants to upend Mexico's newly-opened energy sector, freezing private investment and shifting federal spending to the country's refineries.

 
Sempra Says CEO Will Retire, Board Will Expand by One 
 

Sempra Energy said Monday that its president and chief executive is retiring in May and that it is expanding its board to 14 directors from 13.

 
Eni Sells Stake in Offshore Egypt Concession 
 

Eni said it would sell a 10% stake in the Shorouk concession, offshore Egypt, to Mubadala Petroleum for $934 million, and announced separate purchases in two Abu Dhabi concessions for $875 million.

 
German Energy Giants E.On and RWE to Swap Some Assets 
 

German energy giant E.On agreed to swap a range of assets with rival RWE, the latest in a yearslong series of deals unleashed by Chancellor Angela Merkel's 2011 renewable-energy revolution.

 
OPEC Divided on the Right Price for Oil 
 

OPEC is breaking down into two camps after more than a year of unity. On one side is Saudi Arabia, which wants oil prices at $70 a barrel or higher, and on the other is Iran, which wants them around $60.

 
Trump-Kim Meeting May Hurt the Iranian Nuclear Deal 
 

A meeting between Donald Trump and Kim Jong Un will make it more likely the administration will kill the Iranian nuclear agreement, some western officials said.

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