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

'Three New York Cities' Worth of Power: AI Is Stressing the Grid 
 

Across the nation, utilities are worried about expanding the overburdened power grid, citing high costs and concerns about commitment from data center projects.

 
Oil prices mark a weekly loss on prospect of increased supply 
 

Oil futures finished higher on Friday to modestly pare back their weekly loss from expectations OPEC+ will boost production before year-end.

 
Elliott-Led Group Named As Winner of Auction to Acquire Venezuela's Citgo Petroleum 
 

Elliott and other U.S. investors have agreed to pay nearly $7.3 billion to acquire Citgo's parent company, with proceeds set to help compensate creditors of the bankrupt Venezuelan government.

 
A High-Profile Clean-Energy Startup Is Running Short on Cash 
 

Monolith is struggling to meet production targets needed for $1 billion government loan.

 
Oil Price Expected to Weaken If OPEC+ Hikes Supply 
 

Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting from December is adding to market nervousness.

 
FTC Plans to Block Hess CEO From Chevron Board 
 

John Hess would be prevented from Chevron's board as part of deal for antitrust approval of a Hess-Chevron merger.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on the oil market and more in the latest Market Talks covering the Energy & Utilities sector.

 
California Plan for Corporate Carbon Accounting Pushes Forward Despite Naysayers 
 

A year after the passage of landmark legislation that will make the Golden State into a de facto national climate accounting regulator, supporters are optimistic despite challenges.

 
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.

 
U.S. Crude Oil Stockpiles Fall More Than Expected 
 

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

(END) Dow Jones Newswires

September 30, 2024 00:15 ET (04:15 GMT)

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