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News Highlights : Top Energy News of the Day

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10/22/2019 | 12:16am EST
PG&E Warns of Potential Second Planned Blackout 

Californians are facing a potential second round of pre-emptive power outages, with the state's largest utility working to prevent its equipment from sparking wildfires. Hot, gusty winds are forecast later this week.

Trump Calls for Defense, Use of Syrian Oil Fields 

President Trump said that he is planning to keep a small number of troops in northeast Syria to protect the oil fields there and suggested that an American company might help the Syrian Kurds develop the oil for export.

PG&E Fire Victims Say Trauma, Dislocation Should Excuse Late Filers 

California wildfire victims had a Monday deadline to file claims for damages from PG&E, the bankrupt utility blamed for sparking the blazes, but their lawyers are racing to try to buy more time.

Oil Futures End Near a Two-Week Low 

Oil futures settled at a nearly two-week low Monday, as investors failed to shake worries that growing signs of economic weakness will eventually hurt demand for crude oil.

McDermott Bonds Jump, Then Fall on Dueling Disclosures 

McDermott International, an oil-and-gas engineering company whose bonds have been trading at distressed prices, took investors on a wild ride after it said it had secured financing and then disclosed a revision to projected earnings.

Halliburton Posts Weaker Earnings 

The oil-field services company posted weaker quarterly earnings Monday as revenue in the company's North America business slumped, but cost cuts and a better-than-expected outlook pushed shares higher.

Venezuela Can Afford Payment to Keep Control of Citgo, Creditor Lawyer Says 

Venezuela can afford to make a payment to bondholders next week, avoiding a $913 million debt default that would cost the country control of Citgo Petroleum Corp., according to a lawyer for creditors circling the Houston-based refiner.

Exxon's Climate-Change Accounting Goes on Trial 

The trial, which begins Tuesday in state court in Manhattan, is the culmination of a sprawling investigation that spanned four years and three New York attorneys general.

Prospect of President Warren Spooks Energy Investors 

Of all the market-moving tweets these days, one in particular from Democratic presidential hopeful Sen. Elizabeth Warren is sending shivers through the oil industry.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Stocks mentioned in the article
ChangeLast1st jan.
EXXON MOBIL CORPORATION -0.43% 69.37 Delayed Quote.2.17%
WTI -0.77% 57.86 Delayed Quote.25.31%
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