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News Highlights: Top Energy News of the Day

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09/18/2019 | 11:16am EDT
Oil Extends Declines on Trump's Iran Remarks 

U.S. benchmark oil prices fall to session lows midmorning in NY after President Trump says on Twitter he "just instructed the Secretary of the Treasury [Mnuchin] to substantially increase Sanctions on the country of Iran!"

EDF: No Immediate Action Needed on Nuclear Reactor Parts 

French utility EDF said no immediate action was needed to rectify potential problems with some nuclear-reactor parts identified by technical investigations.

Saudi Arabia Set to Return to Normal Oil Production Levels by End of Month 

Saudi Arabia will soon restore most of its oil output and return to normal production levels in weeks, the country's energy ministry said.

Aramco IPO: Risk Is Part of the Equation 

The attack on Aramco's facilities delayed its IPO but shouldn't make it impossible if the seller and buyers are ready to price in new risks.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Ultra Petroleum Wins Temporary Relief From Lenders 

Ultra Petroleum won a temporary reprieve from its lenders, which agreed to suspend requirements that it hit certain earnings targets in return for the company's commitment to stop spending money on drilling new wells.

Tanker Operators Look to U.S. to Replace Saudi Oil Cargoes 

U.S. crude shipments are set to rise as major Asian importers look to replenish supplies after attacks on Saudi Arabia's oil facilities took out a big chunk of global oil output.

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.

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.

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.

Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -0.04% 9.424 Real-time Quote.-31.68%
ENGIE 0.47% 15.1 Real-time Quote.20.00%
LONDON BRENT OIL -2.28% 59.18 Delayed Quote.7.64%
RIPPLE - BITCOIN 4.29%End-of-day quote.-65.50%
RIPPLE - ETHEREUM 1.68% 0.0016 End-of-day quote.-41.66%
RIPPLE - EURO 4.27% 0.2624 End-of-day quote.-22.39%
RIPPLE - UNITED STATES DOLLAR 4.42% 0.2903 End-of-day quote.-26.40%
ULTRA PETROLEUM CORP. 4.10% 0.254 Delayed Quote.-67.90%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.06% 64.1938 Delayed Quote.-6.97%
WTI -2.43% 53.45 Delayed Quote.14.98%
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