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News Highlights : Top Energy News of the Day

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12/03/2019 | 07:16am EST
Oil Rises Ahead of Expected Extension to Cuts by OPEC+ 

Oil prices advanced in Europe ahead of a meeting at which OPEC and its partners are widely expected to extend production cuts.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

OPEC and Aramco Are Too Close for Comfort 

Saudi Arabia's push to extend OPEC's oil production cuts justifies investor concerns about the company's close relationship with the state.

Iran Cut Off From Vital Reserves, U.S. Says 

While Iran's sanction-battered economy has sparked protests across the nation, U.S. officials cite new intelligence suggesting Tehran's finances are more dire than previously thought and are bringing it closer to a financial crisis.

Repsol Targets Net-Zero Emissions in Strategic Shift 

Spanish energy company Repsol is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets.

PG&E Had Systemic Problems With Power Line Maintenance, California Probe Finds 

PG&E failed to adequately inspect and maintain its transmission lines for years before a faulty line started the deadliest fire in California history, a state investigation has found.

Senate Confirms Former Lobbyist Dan Brouillette as Energy Secretary 

The Senate confirmed Dan Brouillette as energy secretary, putting another former advocate for business interests in charge of the Trump administration's energy policy.

Apache Shares Plunge Following Scant Update on Oil Prospect 

Apache released a sparse progress report on its project to drill for oil off the coast of Suriname that raised more questions than answers, leading its shares to fall about 14%.

Energy Buyout Pioneer William Macaulay Dies at 74 

William Macaulay, a pioneer of energy buyouts who helped turn First Reserve Corp. into one of the world's largest energy-focused private-equity firms, died last week at 74.

Exxon Drops Plans for Australian LNG Import Terminal 

Exxon Mobil Corp. has decided not to push ahead with plans for a natural-gas import terminal in Australia after failing to secure long-term customers to underpin the development.

Stocks mentioned in the article
ChangeLast1st jan.
SAUDI ARABIAN OIL COMPANY -1.91% 33.4 End-of-day quote.-1.62%
WTI -3.27% 48.625 Delayed Quote.-12.86%
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