News Highlights: Top Energy News of the Day - Tuesday at 7 AM ET
Oil Rises on U.S. Rate-Cut Expectations, Output Concerns
Oil extended the previous session's gains driven by U.S. rate-cut expectations, prolonged supply disruptions in the Gulf of Mexico and a substantial decline in Libyan exports.
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.
Energy & Utilities Roundup: Market Talk
Ballard Power, Woodside Energy and more in the latest Market Talks covering Energy and Utilities.
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.
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 07:15 ET (11:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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