News Highlights: Top Energy News of the Day - Monday at 11 AM ET

Brent crude pushes toward $80 a barrel on fears Middle East war will threaten supply 
 

Oil futures climbed on Monday, building on last week's strong gains as investors monitored developments in the Middle East amid fears a more direct conflict between Israel and Iran could threaten crude supplies from the region.

 
Thyssenkrupp Reviews Plan to Wean Itself Off Fossil Fuels 
 

The company has been trying to turn the fortunes of its steel business around while making operations more sustainable, an effort complicated by rising costs and market conditions.

 
Equinor Buys 9.8% Stake in Orsted as Part of Renewables Push 
 

Equinor plans to allocate more than 50% of its investments in renewable and low-carbon projects by 2050, from around 20% in 2023.

 
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.

 
Energy & Utilities Roundup: Market Talk 
 

Shell, PTT Exploration and more in the latest Market Talks covering Energy and Utilities.

 
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.

 
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.

(END) Dow Jones Newswires

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

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