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

Oil prices turn higher for the year on risks to crude flow in the Middle East 
 

Oil futures finished higher for a third straight session on Thursday, prompting prices to turn higher for the year, as traders awaited Israel's response to a missile barrage earlier this week by Iran amid concerns of a wider Middle East conflict that could disrupt flows of crude from the region.

 
Natural Gas Climbs Closer to $3/mbtu Mark 
 

Natural gas futures finished up 2.9% to $2.97 per million Btu, snapping a two-session losing streak, with weather forecasts seen as gradually growing colder on the East Coast.

 
Saudi Minister Warns of $50 Oil as OPEC+ Members Flout Production Curbs 
 

The kingdom called out members for overproducing, in what was seen as a veiled threat of a price war.

 
Oil shock? How OPEC+ could soften the blow if the Middle East conflict hits supply. 
 

The market has a not-so-secret cushion should Israel target Iran's oil industry.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on India's renewable-energy sector, Enbridge and more in the latest Market Talks covering Energy and Utilities.

 
TotalEnergies Lifts Production Target, Sticks With Shareholder Return Policy 
 

The French energy company's announcement comes at a time when most European majors look likely to pull back on their lofty buyback pledges.

 
U.S. Adds to Crude Oil Stockpiles 
 

Gasoline inventories also rose, while distillate fuel oil stocks fell.

 
UAE's Adnoc Buys Germany's Covestro for $13 Billion 
 

The tie-up is part of the oil producer's big bet on chemicals, as it tries to transform into a fully integrated energy company.

 
John Hess Is the Latest Target for Antitrust Enforcers. The Oil Patch Isn't Happy. 
 

The agency accuses Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is trying to buy his oil company.

 
'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.

(END) Dow Jones Newswires

October 04, 2024 04:15 ET (08:15 GMT)

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