News Highlights: Top Energy News of the Day - Tuesday at 4 AM ET

Oil prices finish higher despite weak China data and gear up for a week of 'amplified' volatility 
 

Oil futures rose Monday as traders shook off another round of lackluster data from China to focus on upcoming decisions by global central banks during a week that's likely to see "amplified" volatility.

 
BP to Sell U.S. Onshore Wind Energy Business 
 

The divestment is part of a wider strategy to simplify the business and increase the company's value as it transitions to an integrated energy company, BP said.

 
Renewables, and Good Luck, Prop Up Power Grid Through Extreme Heat 
 

The grid has avoided rolling blackouts so far this summer. Regions that added renewables and batteries quickly have fared better than others.

 
Saipem Wins $4 Billion QatarEnergy Contract 
 

Saipem shares rose sharply after it was awarded an engineering, procurement and construction contract from QatarEnergy LNG.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on oil prices, Contact Energy and more in the latest Market Talks covering Energy and Utilities.

 
It's the Epicenter of U.S. Gas Exports, and a Hurricane Magnet 
 

When Francine slammed southern Louisiana, it became the latest storm to hit near an area that has become the epicenter of U.S. LNG exports.

 
Why Washington and Big Oil Are Investing Billions in Ammonia 
 

The latest bet is a $1.56 billion Energy Department loan commitment for a Wabash Valley Resources ammonia project in Indiana.

 
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.

 
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.

(END) Dow Jones Newswires

September 17, 2024 04:15 ET (08:15 GMT)

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