News Highlights: Top Energy News of the Day - Friday at 7 AM ET
Oil Little Changed After Jumping 5% on Middle East Fears
Oil prices were broadly stable in early European trading after rising 5% on growing fears that Israel would retaliate against Iran by targeting its oil facilities.
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.
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.
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.
(END) Dow Jones Newswires
October 04, 2024 07:15 ET (11:15 GMT)
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