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

Oil's weekly gain tops 9% as traders watch Israel-Iran developments 
 

Oil futures settled higher on Friday, with U.S. and global benchmark prices posting gains of more than 9% for the week, as tensions in the oil-rich Middle East continued to flare in the wake of Iran's missile attack on Israel earlier this week.

 
Ukraine's Gas-Storage System Remains Fully Operational Despite Russian Attacks, Naftogaz CEO Says 
 

In a Q&A Oleksiy Chernyshov spoke about Naftogaz's storage system and its role in European energy security.

 
Is Europe's Biggest Battery Maker About to Run Out of Juice? 
 

Sweden's Northvolt is in trouble as technical difficulties, slowing demand for electric vehicles and a dominant China threaten to upend the industry.

 
Energy & Utilities Roundup: Market Talk 
 

Find insights on European earnings growth, YTL Power International, earnings for Ampol and Viva Energy, and more in the latest Market Talks covering Energy and Utilities.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

October 04, 2024 16:15 ET (20:15 GMT)

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