News Highlights: Top Energy News of the Day - Monday at 7 AM ET

Oil Prices Are Climbing. Middle East Tensions Weigh Heavy on the Market. 
 

Crude benchmarks ticked up on Monday, which is the one-year anniversary of Hamas' Oct. 7 strike on Israel.

 
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural 
 

Chevron's Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion as part of efforts to achieve divesting goal by 2028.

 
Shell Expects Higher LNG Output But Flags Continued Refining Weakness 
 

Shell said it expected to report that liquefied natural gas production rose in the third quarter, and that quarterly gas trading was in line with the second quarter's, potentially offsetting continued refining margin weakness.

 
Big Oil Urges Trump Not to Gut Biden's Climate Law 
 

Oil companies try to persuade the former president and his Republican allies not to slash provisions of the Inflation Reduction Act potentially worth billions.

 
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.

 
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.

(END) Dow Jones Newswires

October 07, 2024 07:15 ET (11:15 GMT)

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