News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Saudis, Russia Push to Extend Their Oil Output Cuts

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Saudi Arabia and Russia are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers in place through the end of June, people familiar with the matter said.

Refiner Stocks Rise as Harvey Disrupts Fuel Production

Shares of companies that churn crude into fuel rallied, as Tropical Storm Harvey inundated Texas with punishing rains and raised investors' concerns about tight fuel supplies.

Harvey's Lessons for U.S. Energy

The hurricane's hitting the Gulf Coast of Texas highlights how the U.S. now relies on fewer refineries, run closer to their limits, to turn crude into fuel and get it to consumers.

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Harvey's Widespread Destruction Tests U.S. Shale

Tropical Storm Harvey has shut a significant portion of the state's shale production, cutting off as much as 15% of U.S. oil supplies. Now, the big question is how quickly the sector can make a comeback.

Renault-Nissan Alliance, Dongfeng to Produce Electric Vehicle in China

Nissan Motor and alliance partner Renault are teaming up with Chinese auto maker Dongfeng Motor Group to make a battery-powered automobile in the world's biggest car market, where electric-vehicle sales are expected to rise.

Natural Gas Prices Rise After Harvey Hits Texas

Natural gas prices gained on Monday as traders bet that damage from Tropical Storm Harvey would halt production and pipeline operations.

Gasoline Up as Harvey Hits Refiners

Gasoline prices surged on concerns over a shortage in supply after Tropical Storm Harvey knocked out refining operations and traders tried to assess damage in the Houston area.

Williams Cos Names John Chandler as New CFO

Pipeline company Williams Cos. named John Chandler as its new chief financial officer, replacing Don Chappel, who announced his retirement earlier this year.

CEO of Argentina's YPF Resigns

Ricardo Darré has resigned as CEO of Argentina's state-run oil and gas producer, YPF. His exit comes as YPF transforms into an "integrated energy company."

Harvey to Hit Flooded Houston Again

Tropical Storm Harvey was poised to re-enter the Gulf of Mexico Monday and make another landfall closer to Houston roughly two days later, prolonging the slow-motion flooding disaster that has crippled one of the nation's largest metropolitan areas.

(END) Dow Jones Newswires

August 29, 2017 07:15 ET (11:15 GMT)