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News Highlights : Top Energy News of the Day

10/11/2021 | 12:16am EST
Soaring Energy Prices Raise Concerns About U.S. Inflation, Economy 

Factories and service providers require energy to boost production, but oil and natural-gas supplies are tight.

California Oil Spill 'Worst Case Discharge' Is 131,000 Gallons 

Preliminary findings estimate a minimum of 24,696 gallons, or 588 barrels, was released from the pipeline during the spill, according to the Coast Guard.

WTI Oil Ends at Seven-Year High as Market Tightens 

U.S. benchmark oil prices finished at a seven-year high Friday, and also saw a strong increase for the week, marking the seventh consecutive weekly gain.

U.S. Oil-Rig Count Continues to Climb Higher 

The number of rigs drilling for oil in the U.S. climbed by five in the latest week to 433, according to data from Baker Hughes.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Natural-Gas Shortage Sets Off Scramble Ahead of Winter 

The resurgence in demand from economies bouncing back from the pandemic and other factors caught traders, shipowners and energy executives off guard.

Puerto Rico's Power Authority Set to Declare State of Emergency 

Prepa's announcement comes after widespread rolling blackouts.

Royal Dutch Shell Warns of Hurricane Hit 

Royal Dutch Shell said that Hurricane Ida's impact in the Gulf of Mexico hit its operations but it expects a cash boost from high global energy prices in the third quarter.

Winter Forecast Is Cold Comfort for Natural-Gas Consumers 

A closely watched forecast shows that the coming winter will be manageable for the U.S. natural-gas markets. That may not be enough to take the air out of natural-gas prices.

U.S. Oil and Gasoline Inventories Rise Sharply 

U.S. crude-oil and gasoline inventories rose by sizable amounts last week, and domestic oil production also increased, according to data from the Energy Information Administration.

(END) Dow Jones Newswires

10-11-21 0015ET

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