News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

U.S. Criticizes Germany's Support of New Russian Natural-Gas Line

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The top State Department official overseeing Europe offered harsh words for Germany over the country's continued support for a new Russian gas pipeline to Europe.

Investors Pledge Cuts to Fossil-Fuel Commitments at Paris Meeting

Global institutions pledged to cut financing of fossil-fuel projects at a summit in Paris, backing French President Emmanuel Macron's call for the private sector to do more to combat greenhouse-gas emissions.

Blast at Austrian Import Hub Chokes European Natural Gas Supply

An explosion at Austria's largest import hub for natural gas left one dead, a state of emergency in Italy and the highest gas prices in 3 years in the U.K. just as the cold winter months set in.

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Noble Midstream, Greenfield Midstream in Pact to Buy Saddle Butte Rockies

Publicly traded Noble Midstream Partners and Greenfield Midstream, a midstream infrastructure developer backed by EnCap Flatrock Midstream, have formed a joint venture to buy Saddle Butte Rockies Midstream.

GenOn Wins Confirmation of Chapter 11 Restructuring Plan

GenOn Energy won court approval Tuesday of a restructuring plan that splits it from parent NRG Energy and opens the way to a sale of the company.

Oil Prices Pull Back After Supply-Driven Rally

Oil prices declined Tuesday after a rally off the shutdown of a key European pipeline prompted investors to take profits.

U.S. Crude-Oil Supplies Seen Decreasing in DOE Data

U.S. crude-oil inventories are expected to show a decrease of 2.9 million barrels in data due Wednesday from the Department of Energy. Gasoline stockpiles are expected to rise by 2.3 million barrels on average.

Oil Prices Hit High, Before Sliding, Amid Disrupted Supply

A wave of oil-supply disruptions and OPEC's production cuts have lifted crude prices to their highest level in 30 months, and raised the prospects of petroleum producers from Saudi Arabia to Texas shale country.

Saudi Aramco Ramps Up Spending to Over $40 Billion a Year

Saudi Arabian Oil Co. unveiled a plan to invest more than $40 billion a year in projects over the next decade, a significant expansion for the world's largest energy company ahead of its expected public listing.

Forties Pipeline System Carrying Brent Crude to Be Shut for Weeks

One of Europe's most important oil pipeline systems will be shut down for a "matter of weeks," said owner Ineos, sending a jolt into international oil prices as traders contemplated the loss of some North Sea oil supplies.

(END) Dow Jones Newswires

December 13, 2017 00:15 ET (05:15 GMT)