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News Highlights: Top Energy News of the Day

09/14/2020 | 07:16am EST
Slips Further With OPEC Compliance in Spotlight 

Oil's shallow early losses have extended, with Brent crude oil down 0.9% at $39.46 a barrel and WTI futures down 1% at $36.94 a barrel ahead of the OPEC monthly market report.

Exxon's Bet on Oil, Gas Drags Down U.S. Titan 

The oil giant doubled down on oil and gas at what now looks to be the worst possible time. Investors are fleeing and workers are grumbling about the direction of a company some see as out of touch.

Uganda, Total Reach Key Deal on Pipeline 

Uganda and French oil giant Total have reached an agreement for the construction of a $3.5 billion pipeline to the Tanzanian port of Tanga, unlocking the long delayed development of the region's largest crude reserves.

California Utilities Hope Drones, AI Will Lower Risk of Future Wildfires 

Artificial intelligence may be able to spot fire risks created by faulty distribution and transmission equipment, utilities say.

U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. fell by one to 180 in the latest week, according to oil-field services company Baker Hughes.

The New Geopolitics of Energy 

Power is shifting from longtime oil giants like Russia and Saudi Arabia to innovators like China-and maybe the U.S.

Hurricane Forecasters Are Running Out of Names This Year 

The 2020 Atlantic hurricane season is moving at such a fast clip that forecasters are just four monikers shy of needing to use the Greek alphabet to name storms-something they have had to do only once before.

Oil Major BP Gives a Taste of How It Will Go Green 

A deal to buy into wind farms off the coast of New York and Massachusetts showcases the British company's ambitions in the clean-energy sector-and the risks it is taking.

Oil Traders Gird for More Price Swings 

Traders are betting on fresh upheaval in the oil market, in an abrupt turnaround from the calm of recent months.

Why Wildfires Are So Bad This Year in California, Oregon and Washington 

The American West is facing one of the most dangerous and overwhelming fire seasons in history due to high temperatures, strong winds, dry forests and lightning storms.


Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 3.81% 20.42 Delayed Quote.-20.33%
EXXON MOBIL CORPORATION 0.68% 40.21 Delayed Quote.-42.38%
LBS (LBS) - CMG (ELECTRONIC)/C1 0.52% 663.4 End-of-day quote.62.84%
LONDON BRENT OIL 1.74% 49.64 Delayed Quote.-28.42%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.12% 74.478 Delayed Quote.21.05%
WTI 1.62% 46.415 Delayed Quote.-28.04%
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