News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Falls in Low-Volume Holiday Trading

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Oil prices fell on Wednesday on concerns about oversupply and amid shallow trading around the July 4 public holiday in the U.S. that exacerbates price movements.

Saudi Aramco Cuts Oil Prices in Asia As Competition Rises

Saudi Arabia's state-run oil giant Aramco said it would cut the price of its lighter crude grades to Asia in August, amid rising competition from rival producers in the Organization of the Petroleum Exporting Countries.

Coal, Nuclear on Losing End of Power Shift

A transition is happening across the U.S. power grid: Natural gas, wind and solar power are expanding rapidly, while electricity generation from coal and nuclear reactors is shrinking.

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Behind Oil's Ups and Downs, Little Has Changed

Oil investors took an unwelcome rollercoaster ride in June-unfortunately optimism on slowing U.S. supply, which is now pushing prices back up, also looks overdone

Qatar Launches Plan to Increase LNG Output Amid Arab Dispute

Qatar Petroleum, the world's largest producer of liquefied natural gas, said it plans to increase natural-gas output by 30% over the next seven years, as the small emirate faces a diplomatic crisis with its Persian Gulf neighbors.

Court Blocks EPA Effort to Loosen Obama-Era Emissions Standards

An appeals court dealt the Trump administration a setback when it found that the Environmental Protection Agency lacked the authority to suspend enforcement of a 2016 rule pending completion of a review.

Oil Giants Lobby Against Bill to Toughen Russia Sanctions

Exxon Mobil and other energy companies have joined President Trump in expressing concerns over a bill to toughen sanctions on Russia, arguing that it could shut down oil and gas projects around the world that involve Russian partners.

Jana Takes Roughly 5% Stake in EQT

Jana Partners has taken a roughly 5% stake in EQT Corp. and is seeking to scuttle the energy company's proposed $6.7 billion acquisition of Rice Energy.

GE's Baker Hughes Deal Deepens Its Stake in Energy

General Electric closed its deal to combine its long-suffering energy business with Baker Hughes, creating one of the largest companies in the oil-field services industry.

Total Plows Into Iran, Leaving Shell, BP on Sidelines

The $1 billion pledged by French oil giant Total in an Iranian gas field is a breakthrough for the resource-rich country, but it is unlikely to unleash a flood of foreign energy-industry investment.

(END) Dow Jones Newswires

July 05, 2017 11:16 ET (15:16 GMT)