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News Highlights : Top Energy News of the Day

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05/23/2019 | 12:16am EDT
PG&E Clings to Sole Control of Its Bankruptcy Through September 

PG&E will stay in control of its bankruptcy proceeding until Sept. 29, less time than it wanted, but long enough to find out what California lawmakers will do this year about wildfire liabilities facing the state's largest utility.

GE to Revisit Financial-Services Unit After Fixing Power Division 

Larry Culp, General Electric's chief executive, plans to set his sights on the company's problematic financial-services business after he cuts overall debt and stabilizes its power-generation division.

Oil-Rich Saudi Arabia Barrels Into the Gas Business 

Saudi Arabia's deal to buy American natural gas is part of a decadelong $160 billion plan to build up its gas assets, as the oil-rich kingdom's demand for new energy is projected to soar beyond its capacity.

U.S. Natural-Gas Inventories Seen Up in Week 

Government data are likely to show that natural-gas inventories increased last week by 103 billion cubic feet -- a larger amount than normal for this time of year.

Oil Drops Sharply as Glut Fears Return 

Oil prices tumbled after U.S. oil inventories rose to their highest level since July 2017 and domestic oil production neared a record.

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.

Energy & Utilities Roundup: Market Talk 

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

U.S. Oil and Gasoline Inventories Leap 

U.S. inventories of crude oil unexpectedly surged higher last week, while gasoline stockpiles also rose sharply, according to data Wednesday by the Energy Information Administration.

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.

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.

Stocks mentioned in the article
ChangeLast1st jan.
UNITED PARCEL SERVICE -0.88% 117.35 Delayed Quote.20.32%
WTI -0.48% 53.67 Delayed Quote.16.30%
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