News Highlights: Top Energy News of the Day - Thursday at 11 AM ET

Oil prices rise after Fed delivers big interest-rate cut 
 

Oil futures rose Thursday, gaining ground alongside global equities and other assets perceived as risky, a day after the Federal Reserve delivered a large interest-rate cut and set the stage for further easing of monetary policy.

 
U.S. Natural Gas Market Focused On Storage Data 
 

Natural gas futures were lower as the market awaited weekly inventory data from the EIA.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities.

 
U.S. Crude Oil Stockpiles Fall in Week Ended Sept. 13 
 

Commercial crude oil stockpiles excluding the Strategic Petroleum Reserve fell by 1.6 million barrels to 417.5 million barrels in the week ended Sept. 13 and were about 4% below the five-year average for the time of year, the EIA said.

 
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.

 
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.

(END) Dow Jones Newswires

September 19, 2024 11:15 ET (15:15 GMT)

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