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News Highlights : Top Energy News of the Day

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10/09/2019 | 07:16am EDT
Oil Ticks Down on U.S.-China Tensions, Rising Stockpiles 

Oil prices ticked down as U.S.-China tensions rise ahead of trade negotiations, adding to concerns that the dispute will continue to drag on energy demand.

Oil Inventories Seen Up in Week 

Government data are expected to show that U.S. crude-oil stockpiles rose by 1.5 million barrels in the latest week, while gasoline inventories are expected to slip by 600,000 barrels, according to a survey of analysts and traders.

Saudi Aramco May Restore Capacity Earlier Than Planned 

Saudi Arabian Oil may restore its production capacity earlier than planned following the attacks last month on one of its oil facilities, and its chief executive insisted plans to list the company had not been affected.

EDF Raises Flamanville Costs Estimate 

EDF has adjusted the schedule for repairs at the Flamanville nuclear power plant and said costs will increase by EUR1.5 billion.

Aramco IPO Prospectus Due to Be Published Before Month-End 

The Saudi state oil company could float 1% to 2% of its shares on its domestic exchange by late November or early December.

Natural-Gas Producers Hard Hit by Tanking Prices 

Dragged down by a supply glut, U.S. natural-gas futures for November delivery recently suffered their longest losing streak since at least 1990, making pain for natural-gas investors and producers.

PG&E Starts to Cut Power for Nearly 800,000 Customers 

PG&E said it has begun a planned shut-off that could hit customers across parts of 34 California counties in an effort to reduce the risk of wildfires in those communities.

Blackhawk Delays Bankruptcy Exit Amid Drop in Coal Prices 

Blackhawk Mining is getting an additional $35 million in bankruptcy financing after falling coal prices caused a revenue shortfall that has delayed the company's exit from chapter 11.

China Pulls Out of Giant Iranian Gas Project 

State-owned China National Petroleum Corp. has pulled out of a $5 billion natural-gas project in Iran, as escalating tensions threaten to sever Beijing's trade with Tehran, a key lifeline for the Islamic Republic.

Coal Baron Robert Murray's Companies Edge Closer to the Brink 

Robert Murray, the coal executive known for his outspoken advocacy of the industry and close ties to President Trump, could be on the brink of losing his companies as the power industry shifts away from coal to cheaper fuel sources.

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