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News Highlights: Top Energy News of the Day

10/09/2020 | 04:16pm EST
Oil Ends Lower on Rig-Count, Norway Strike 
 

U.S. benchmark oil prices ended 1.4% lower as a rising U.S. oil rig-count and the reported end of a Norway oil workers strike could raise output and keep supplies robust amid weak demand from coronavirus.

 
Saudis Consider Canceling OPEC Plans to Boost Output 
 

The debate inside Saudi Arabia comes amid weaker-than-expected oil demand, as Covid-19 cases in many parts of the world rise and the expected return of Libyan crude threatens to swell global supplies.

 
U.S. Oil Rig-Count Hits Highest Since June 
 

The number of active oil-targeting rigs in the U.S. rose for a third straight week to the highest level in nearly four months, according to data from oilfield services company Baker Hughes.

 
Hurricane Delta Expected to Hit Louisiana Region Pummeled by Laura 
 

Rain from Hurricane Delta spread into southwestern Louisiana as the storm approached the region still recovering from Hurricane Laura. Delta is expected to bring powerful gusts, dangerous flooding and storm surge when it makes landfall.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
Peak Oil? OPEC Says the World's Richest Countries Are Already There 
 

The world's thirst for oil is unlikely to peak for two more decades but may already have crested in the U.S. and other wealthier countries, according to a forecast by OPEC.

 
Banks' Arctic Financing Retreat Rattles Oil Industry 
 

Defenders of the oil-and-gas industry are fighting back against banks who want to stop financing new Arctic-drilling projects, fearing it could be a harbinger of an unbankable future for fossil-fuel companies.

 
Hydrogen's Dirty Little Secret 
 

Most of this emission-free gas is currently produced using fossil fuels and a lot of work is required to clean it up.

 
Exxon Could Get a Chemical Turbo Boost if Oil Rebounds 
 

Higher crude prices are good for petrochemical producers weighted toward North America and the Middle East-such as Exxon-because those gains make their products based on natural-gas liquids more competitive.

 
There's No Oil in Wisconsin. The Fracking Bust Hit It Anyway. 
 

Mines that sent trainloads of "Northern White" sand to West Texas for hydraulic fracturing sit idle, costing jobs and hurting local-government coffers.

(END) Dow Jones Newswires

10-09-20 1615ET

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 2.83% 19.775 Delayed Quote.-24.97%
EXXON MOBIL CORPORATION 3.75% 40.095 Delayed Quote.-44.83%
GOLD 0.88% 1829.01 Delayed Quote.17.24%
LONDON BRENT OIL 2.41% 48.26 Delayed Quote.-27.74%
SILVER 0.39% 23.9655 Delayed Quote.27.04%
WTI 2.65% 45.415 Delayed Quote.-26.33%
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