News Highlights: Top Energy News of the Day - Thursday at 12 AM ET

As Exxon Pumps Guyana's Oil, China Is Winning Battle for Influence 
 

Chinese companies are investing heavily in the sparsely populated South American country, home to the largest oil find in a generation.

 
Oil Futures Fall as Demand Worries Outweigh Inventory Data 
 

Crude oil markets shrug off Chinese stimulus efforts, Middle East tensions and bullish U.S. oil inventory data and extend selling following reports that Libya made progress toward solving a standoff over the central bank leadership that has kept much of its oil production shut in.

 
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 
 

Find insight on 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.

(END) Dow Jones Newswires

September 26, 2024 00:15 ET (04:15 GMT)

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