News Highlights: Top Energy News of the Day

Oil Falls 2.1% for Week

U.S. benchmark oil prices ended the session little changed in a choppy, range-bound session that was driven largely by moves in U.S. stock markets and the dollar.

U.S. Oil-Rig Count Rises by 4 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by four in the past week to 183, according to oil-field services company Baker Hughes. The week's count was lower by 530 from the year-ago period.

With Electric-Car Target, California Is Going to Need a Bigger Grid

Converting all passenger cars and trucks to run on electricity in California could raise power demand by as much as 25%. That poses a major challenge for a state already facing periodic rolling blackouts as it rapidly transitions to renewable energy.

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities

Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff

The London-based operator of offshore oil-and-gas drilling rigs has settled multibillion-dollar litigation over its 2014 spinoff of Paragon Offshore, a critical step in Noble's path to exiting bankruptcy.

Peak Oil Is Already Shifting Markets

The prospect of falling demand for crude oil could unleash a long-term scramble between rival producer nations.

Fracker Extraction Oil Greased the Political Skids in Colorado

In the two years before it went bankrupt in June, Extraction Oil & Gas funneled more than $10 million into political donations, most of it aimed at quashing a movement that threatened its business of forcing oil and gas out of the Colorado bedrock.

Fracking-Services Company FTS International Files for Bankruptcy

Texas-based FTS International filed for bankruptcy protection after reaching an agreement with creditors on a debt- for-equity swap following a downturn in the energy sector and lower demand for its services.

Hot Oil Field Was Desperate for Pipelines. Now It Has Too Many.

The Southwest's Permian Basin has become a headache for pipeline operators with the pandemic damping oil demand after they had added capacity.

Oil Market Flies Blind as Virus Clouds Demand Outlook

Predicting oil demand has rarely been more challenging. Energy analysts are mapping out the course of the coronavirus and efforts to stop the pandemic, as well as grappling with the effects on fuel demand of an economic downturn.


  (END) Dow Jones Newswires
  09-25-20 1615ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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