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

Oil Prices Fall as Demand Concerns Offset China Stimulus Boost 
 

Oil prices fell in early European trade as demand concerns kept a lid on the boost from China's stimulus package.

 
U.S. Crude Oil Stockpiles Fall More Than Expected 
 

Gasoline and distillate stocks also declined as refineries reduced their capacity use.

 
The High-Stakes Spat Over How Much Oil the World Really Needs 
 

OPEC is sticking with its estimate that the world will need an extra two million barrels a day this year, despite signs this is unrealistic.

 
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.

 
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.

 
Energy & Utilities Roundup: Market Talk 
 

Read about oil prices,TotalEnergies and more in the latest Market Talks covering Energy and Utilities.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

September 25, 2024 16:15 ET (20:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.