News Highlights: Top Energy News of the Day - Friday at 4 PM ET

Oil falls after back-to-back gains on storm disruptions, still settles higher for the week 
 

Oil futures finished with a loss on Friday as concerns about the demand outlooked lingered, but prices gained for the week after Hurricane Francine disrupted output in the Gulf of Mexico.

 
Why Natural Gas Will Stay Under Pressure 
 

A hot summer and production curtailments haven't been enough to eliminate the surplus natural gas in U.S. storage.

 
Mitsubishi Corp. in Talks to Buy Stake in Exxon Mobil's Texas Project 
 

Mitsubishi Corp. is in talks to buy a stake in Exxon Mobil's project in Baytown, Texas, which aims to be the world's largest low-carbon ammonia facility.

 
Energy & Utilities Roundup: Market Talk 
 

Read about Ballard Power Systems, National Grid and more in the latest Market Talks covering Energy and Utilities.

 
China's Slowdown Threatens Pace of Global Oil-Demand Growth 
 

A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the IEA said.

 
Ballard Announces Restructuring to Lower Total Operating Expenses by More Than 30% 
 

The restructuring comes about as the company works to maintain balance sheet strength amid a slowdown in hydrogen infrastructure development and delayed fuel cell adoption, it said.

 
U.S. Crude Oil Stockpiles Increase in Latest Week 
 

U.S. crude oil inventories rose for the first time in four weeks, and gasoline and distillate stocks increased amid lower demand, according to EIA data.

 
OPEC Trims Oil Demand Outlook Further Amid Price Slump 
 

OPEC slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a bid to support sinking prices.

 
First Reserve Pivots From Big Energy to Embrace Midsize Infrastructure Businesses 
 

Private-equity firm First Reserve has shifted from large bets in the oil patch to backing midsize providers of specialized services and engineered products to infrastructure operators-and it says a string of profitable exits shows the strategy is working.

 
OPEC+ delaying its oil-output increase won't solve 'pervasive' worries over weak demand 
 

The Organization of the Petroleum Exporting Countries and its allies on Thursday decided to postpone an increase in crude-oil production. But supplies aren't the only problem for oil.

(END) Dow Jones Newswires

September 13, 2024 16:15 ET (20:15 GMT)

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