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News Highlights : Top Energy News of the Day

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07/11/2019 | 04:16pm EDT
Investors Finding Dividends in an Unlikely Place: Energy 

This energy ETF's dividend yield is beating utilities for just the second time in a decade

California Legislature Approves Multibillion-Dollar Wildfire Fund 

Addressing Wall Street fears, the bill aims to help PG&E and other utilities cover future liability costs.

Natural Gas Prices End Lower as Weather Cools 

Natural gas prices ended the session 1.1% lower, reversing earlier gains on a combination of cooling weather forecasts that'll reduce demand, and a weekly storage report that was more bearish than analysts expected.

Oil's Rebound Above $60 Increases Focus on Technicals 

A recent rebound in U.S. crude-oil prices back above the closely watched psychological level of $60 is increasing focus on gauges of market momentum, the latest swing in a topsy-turvy 2019 for energy markets.

Paul Singer's Elliott Scores Big Win in PG&E Clash 

The California legislature delivered a preliminary victory to hedge-fund billionaire Paul Singer and other PG&E bondholders in their monthslong battle with the utility's shareholders.

OPEC Maintains World Oil Demand Forecast as Supply Concerns Continue 

OPEC cut its 2019 oil production growth forecast for its non-cartel peers, a week after the bloc and its allies extended their continuing output cut for another nine months.

U.K. Navy Thwarts Iranian Attempt to Block BP Tanker 

A British warship trained its guns on three Iranian vessels that tried to block the passage of a U.K.-flagged oil tanker through the Persian Gulf, a confrontation that comes amid heightened tensions between the U.S. and Iran.

Tropical Storm Barry Brews, Forcing Evacuations in Louisiana 

Evacuation orders spread in Louisiana as officials declared a tropical storm brewing offshore in the Gulf of Mexico would bring intense rainfall, strong winds and life-threatening storm surges later this week.

BP Balances Growth Plans With Investor Climate Demands 

BP CEO Bob Dudley told an audience at a Chatham House event in London, that the oil giant is balancing the need to grow with investors' desire to see lower carbon emissions.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

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