News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Falls as U.S. Production Rises

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Oil prices slid for a second day Wednesday after U.S. data showed that fuel inventories rose and production increased.

U.S. Oil Inventories Decline Sharply

Crude-oil stockpiles fell by 5.1 million barrels to 443 million barrels, for the week ended Dec. 8, and are now in the middle of the average range for this time of year, the EIA said. Analysts surveyed had predicted crude supplies would fall by 2.9 million barrels on the week.

OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap

OPEC production fell to its lowest in six months but rival U.S. production was surging faster than expected, meaning oil markets may not rebalance before the end of 2018, the oil cartel said in its closely watched monthly oil report.

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U.S., Japan Express Concern Over China's Interest in Saudi Oil Giant

The U.S. and Japan have urged Saudi Arabia to pursue an international listing for oil giant Aramco, fearing the possible sale of a stake to China would give Beijing too much sway in the Middle East.

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

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.

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.

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.

(END) Dow Jones Newswires

December 13, 2017 16:15 ET (21:15 GMT)