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News Highlights: Top Energy News of the Day

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09/16/2019 | 04:16pm EDT
Oil Prices Surge, but Ample Supply Eases Concerns 

The world is flush with excess oil, a factor that put a cap on the spike in crude prices following the attacks on the heart of Saudi Arabia's oil industry. U.S. oil prices rose 15% Monday, their biggest gain since January 2009.

Saudi Officials Consider Delaying Aramco IPO After Attacks 

Saudi Arabian officials are discussing delaying Aramco's initial public offering, after attacks on the company's largest oil facilities sidelined more than half of the kingdom's output, people familiar with the matter said.

U.S. Tells Saudi Arabia Iran Launched Oil Attacks 

American officials say intelligence indicates that Iran was the staging ground for a debilitating attack on the Saudi Arabia's oil industry.

OPEC, Russia to Hold Off Pumping More Oil After Attacks in Saudi Arabia 

OPEC and Russia are so far holding off pumping more oil to fill potential gaps in global supplies after an attack in Saudi Arabia over the weekend led to a major crude disruption, officials said.

Energy Transfer to Buy SemGroup 

Energy Transfer LP said it will buy SemGroup in a unit and cash transaction valued at $17 a share, or a total consideration including the assumption of debt of $5 billion. SemGroup's shares soared on the news.

Former Oil CEO Aims to Change How the U.S. Exports Natural Gas 

SeaOne Holdings, founded by the former chief of shale giant EOG Resources, has new technology for shipping U.S. natural gas abroad-and a plan to build natural-gas power plants in Colombia.

The Real Loser From the Oil Price Jump Is China 

Higher oil prices are no longer an unalloyed negative for the U.S., but they are for the world's largest crude importer: China.

Unilever Reaches 100% Renewable Grid Electricity 

Unilever said that it now uses 100% renewable grid electricity across five continents as it works to achieving carbon neutrality by 2030.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Blasts, Blazes Shake Saudi Oil Town's Inhabitants 

The sprawling crude hub of Abqaiq turned into an inferno that illuminated the desert sky and sent residents of the small town fleeing for the safety of the sands.

Stocks mentioned in the article
ChangeLast1st jan.
ENERGY TRANSFER EQUITY L.P. -1.24% 12.7 Delayed Quote.-2.65%
EOG RESOURCES INC. 2.82% 69.57 Delayed Quote.-22.42%
LONDON BRENT OIL -0.27% 59.4 Delayed Quote.9.51%
SEMGROUP CORPORATION -0.73% 16.21 Delayed Quote.17.63%
UNILEVER N.V. 0.37% 53.71 Delayed Quote.13.31%
UNILEVER PLC 0.61% 4586 Delayed Quote.11.61%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.15% 63.7704 Delayed Quote.-7.92%
WTI -0.24% 54.05 Delayed Quote.18.22%
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