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News Highlights : Top Energy News of the Day

09/24/2021 | 12:16am EDT
Federal Regulator Calls for Tougher Power Plant Standards Following Texas Freeze 

A report by the Federal Energy Regulatory Commission found power plants and natural-gas systems needed tougher weatherization requirements after a freeze left millions in the dark for days in Texas.

Brent crude-oil futures settle at a nearly 3-year high 

Oil futures climb for a third straight session on Thursday, with global benchmark Brent crude scoring its highest finish since October 2018.

Natural Gas Prices Finish Higher Despite Storage Rise 

Natural gas prices finished the session 3.6% higher at $4.976/mmBtu, marking the first session of price increases in the past six sessions.

Renewable-Energy Companies Rise as China Vows to Cut Coal Investment 

Shares of Chinese energy companies with growing renewable-energy operations rallied Thursday after President Xi Jinping said Beijing would stop building coal-fired power plants overseas as part of efforts to cut carbon emissions.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

U.S. Oil Inventories Fall as Refineries Restart After Hurricane 

U.S. oil inventories fell last week by 3.5 million barrels and gasoline supplies climbed by 3.5 million barrels as refineries boosted activity following Hurricane Ida-caused outages, government data showed.

Europe Pumps Less Gas as Demand Rebounds, With Russia Filling the Gap 

Natural-gas supply shortfalls have led to record prices for the fuel and for electricity, leading to fears of a shortage and spotlighting European efforts to slash greenhouse-gas emissions.

Russia's New Gas Pipeline to Germany Delivers More Power to Moscow 

A cold winter might force European regulators to speed up the approval process for the controversial Nord Stream 2 pipeline now running between Russia and Germany.

China's Xi Commits to Stop Building Coal Plants Abroad 

Beijing has faced pressure from the U.S. and environmental groups over projects adding to pollution in developing countries.

ConocoPhillips Bets Big on American Oil Production With $9.5 Billion Deal 

The company's purchase of Permian Basin assets from Shell means it will overtake all but Exxon in oil and gas output in the contiguous U.S.

(END) Dow Jones Newswires

09-24-21 0015ET

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