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News Highlights: Top Energy News of the Day

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06/14/2019 | 04:16pm EDT
Gulf of Oman Attacks Force Shipping Firms to Tighten Security 

Governments and tanker companies are stepping up efforts to protect shipping lanes after tankers were attacked near the Strait of Hormuz, through which more than a third of the world's seaborne oil is shipped.

Oil Slightly Higher Day After Tanker Attacks 

Oil prices settled slightly higher as traders weighed geopolitical risks against a bearish outlook for demand.

U.S. Oil Rig Count Falls to 788 -- Baker Hughes 

The number of rigs drilling for oil in the U.S. fell by one in the past week to 788, the lowest level since February 2018, according to oil-field services company Baker Hughes.

U.S. Says Tehran Is to Blame for Attacks on Fuel Tankers 

The Trump administration has concluded that Iran is responsible for attacks Thursday on two tankers in the Gulf of Oman, Secretary of State Mike Pompeo said, calling them the latest in a series of hostile actions in the region toward the interests of the U.S. and its allies.

Oil Demand Takes a Hit From Cooling Economic Growth 

A cooling global economy could mean slower oil demand growth in 2019 even while oil producers maintain plentiful supply, the International Energy Agency said.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

SSE to Shut Last Coal Power Plant 

SSE plans to close its last remaining coal power station due to it no longer being economically viable in the face of competition from gas- and renewable-energy sources.

Utilities, Other 'Safety' Stocks Rise Alongside Market Uncertainty 

The latest rise in the stock market has been helped along by so-called safety stocks, signaling a shift among investors toward seeking certainty as trade tensions and central-bank policy push and pull markets.

Coal India Looking to Buy Minority Stakes in Australian Coking Coal Mines 

Coal India Ltd., the world's biggest coal company by output, is looking to buy minority stakes in coking coal mines in Australia, Chairman Anil Kumar Jha said.

Oil ETFs Are Up, But Mind the Gap 

A bet on these funds is a bet on crude futures, not prices, and the difference can be crucial.

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.92% 1417.898 Delayed Quote.10.39%
SILVER 1.85% 15.824 Delayed Quote.-0.43%
WTI -0.16% 57.45 Delayed Quote.32.38%
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