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News Highlights: Top Energy News of the Day

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05/22/2019 | 11:17am EDT
Oil Prices Extend Fall on Government Data 
 

Oil prices extended their fall as U.S. oil inventories unexpectedly surged higher.

 
UPS Reaches Large Renewable Natural Gas Deal With Clean Energy Fuels 
 

United Parcel Service said it will buy 170 million gallon equivalents of renewable natural gas over seven years from Clean Energy Fuels as it works to increase alternative fuel consumption.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires throughout the day.

 
Russian Pipeline Shutdown Shifts Balance in Oil Market 
 

The shutdown of a major Russian pipeline that sends crude to European refineries has fueled concerns of tightness in the global oil market, driving futures prices higher.

 
Saudi Arabia Strikes Deal to Buy U.S. Natural Gas 
 

The kingdom has signed an agreement to purchase U.S. liquefied natural gas from Sempra Energy, a new direction as Saudi Arabia seeks to establish a footprint in the growing global market for the fuel.

 
Sasol Further Ups Cost Estimate for Troubled Project 
 

Sasol raised the cost estimate for its Lake Charles chemicals operation in Louisiana and launched an independent review into poor controls over the project.

 
PPG Says It Won't Break Up, Despite Pressure From Activist Investor 
 

PPG Industries won't split its units making building paints and industrial coatings, choosing to forge ahead as a unified company after facing pressure from an activist investor to maximize value in its disparate operations.

 
Fortum to Build Its First Large-Scale Wind Park in Finland 
 

Fortum will start constructing its first large-scale wind park in Finland this summer as part of its goal to increase its solar and wind power generation to a multi-gigawatt scale.

 
Judge Reins In Jay Alix's Bankruptcy Brawl With McKinsey 
 

In an opinion filed Friday with the U.S. Bankruptcy Court in Richmond, Va., Judge Kevin Huennekens dealt a setback to Mr. Alix, who has for years tried to sanction McKinsey for what he says were illegal disclosure practices in the 2015 bankruptcy of Alpha Natural Resources.

 
PG&E Finger-Pointing Is Counterproductive 
 

The bankrupt utility was found culpable for 2018 wildfires, but sharing blame is the only way to get ahead of the next big blaze.

Stocks mentioned in the article
ChangeLast1st jan.
FIRST SOLAR, INC. -0.05% 55.22 Delayed Quote.30.07%
UNITED PARCEL SERVICE -0.88% 117.35 Delayed Quote.20.32%
WTI -0.48% 53.67 Delayed Quote.16.30%
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