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News Highlights: Top Energy News of the Day

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09/17/2019 | 11:16am EDT
Oil's Price Skid Deepens on Report That Saudi Crude Plant May Return to Normal in 2 or 3 Weeks 

A slide for crude accelerated after a report indicated that major plants in Saudi Arabia that were damaged in a weekend strike may return online sooner than expected.

Oil's Swings Reinforce Saudi Arabia's Key Role in Energy Markets 

The surge in oil prices after the attack on Saudi Arabian production facilities has reminded investors that the market is still largely driven by the world's largest exporter, despite the flow of U.S. shale output onto the market.

Oil-Thirsty Asia Feels the Strain After Saudi Attack 

Effects from an attack on Saudi Arabia's oil infrastructure this past weekend threatened to ripple across Asia, which has spent much of the past year increasing its reliance on crude exports from the kingdom.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Frackers to Stand Pat, Reap Profits After Attacks on Saudi Oil 

U.S. shale companies aren't planning to fill the void in global crude supplies left by an attack on Saudi Arabia's top oil facilities. Instead, producers hope to profit from price increases caused by the disruption.

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 Oil Attacks Were Launched From Iran 

American officials say intelligence indicates that Iran was the staging ground for a debilitating attack on 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.

Stocks mentioned in the article
ChangeLast1st jan.
ENERGY TRANSFER LP 0.99% 12.5851 Delayed Quote.-4.84%
EOG RESOURCES INC. 1.64% 69.28 Delayed Quote.-20.59%
LONDON BRENT OIL 0.34% 59.4 Delayed Quote.12.04%
RIPPLE - BITCOIN -2.05%End-of-day quote.-62.53%
RIPPLE - ETHEREUM -0.48% 0.0016 End-of-day quote.-38.62%
RIPPLE - EURO -3.80% 0.2594 End-of-day quote.-15.29%
RIPPLE - UNITED STATES DOLLAR -4.05% 0.2858 End-of-day quote.-19.67%
SEMGROUP CORPORATION 0.50% 16.015 Delayed Quote.15.75%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.10% 64.2397 Delayed Quote.-7.26%
WTI 0.00% 53.53 Delayed Quote.20.66%
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