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

GE Vernova CEO Appraises Nuclear Power Prospects, Offshore Wind Business 
 

The nuclear power industry is set to add 'gigawatts upon gigawatts' of capacity heading into the 2030s, while offshore wind needs to sort out its business model, according to GE Vernova CEO Scott Strazik.

 
Oil ends higher after back-to-back losses as China announces stimulus measures 
 

Oil futures on Tuesday posted their first gain in three sessions after China announced a range of stimulus measures aimed at boosting the economy of the world's largest crude importer.

 
Peak Oil Demand Isn't on the Horizon, OPEC Says 
 

The cartel said oil demand is forecast to reach 120.1 million barrels a day in 2050 from 102.2 million barrels a day last year.

 
California Sues Exxon, Alleges Plastics Deception 
 

The state's attorney general accused the oil company of misleading consumers about the recyclability of plastic products. It's seeking civil penalties.

 
Energy & Utilities Roundup: Market Talk 
 

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

 
Electricity That Costs Nothing-or Even Less? It's Happening More and More 
 

A big increase in wind and solar power has pushed wholesale prices to zero or below for many hours of the year, spurring a sea change in the way people use power in some parts of the world.

 
Three Mile Island's Nuclear Plant to Reopen, Help Power Microsoft's AI Centers 
 

The 20-year deal with Constellation Energy would kick-start the site of the nation's worst nuclear power accident.

 
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.

(END) Dow Jones Newswires

September 25, 2024 04:15 ET (08:15 GMT)

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