News Highlights: Top Energy News of the Day - Friday at 7 AM ET

Oil Prices Fall as Demand Concerns Outweigh Bullish Price Drivers 
 

Oil prices slipped, with bearish macroeconomic narratives around mainland China and the U.S. raising demand concerns, BMI said.

 
Move Over, Oil Producers. These Energy Stocks Are Taking the Lead. 
 

Pipeline companies, not oil producers, are the hot oil stocks now.

 
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.

 
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 20, 2024 07:15 ET (11:15 GMT)

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