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News Highlights : Top Energy News of the Day

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11/09/2017 | 05:16pm CET
Oil Holds Near Two-Year Highs 
 

Oil prices steadied near two-year highs, with investors eyeing geopolitical tensions in major oil producing countries which have sent prices soaring in recent weeks.

 
Natural Gas Pares Gains on  Stockpiles Data 
 

Natural-gas prices pared gains Thursday after government data showed stockpiles rose in line with estimates in the latest week.

 
Saudi Authorities Freeze Former Crown Prince's Bank Accounts 
 

The kingdom's former crown prince, Mohammed bin Nayef, has become the latest royal targeted in a corruption crackdown carried out by a Saudi leadership seeking to consolidate power.

 
U.S. Oil Inventories Unexpectedly Increase 
 

U.S. inventories of crude oil unexpectedly increased by 2.2 million barrels for the week ended Nov. 3, even as refinery activity sped up, according to EIA data. Analysts expected a decline of 2.1 million barrels. Gasoline stockpiles fell by 3.3 million barrels, more than expected.

 
Total Expands Natural Gas Business with $2 Billion Deal 
 

Oil giant Total SA has agreed to buy French utility Engie SA's liquefied-natural gas business for as much as $2 billion in a deal that would eventually make it the second-largest LNG player among Western energy firms.

 
EU Proposes Rules for Offshore Gas Links as Russian-Owned Nord Stream 2 Nears 
 

The European union proposed Wednesday to extend its natural-gas regulations to offshore pipelines, marking the latest effort to derail an energy link between Russia and Germany that is fueling tensions within the bloc.

 
GenOn Wins Bankruptcy Battle with Power-Plant Owners 
 

A court ruling cleared the way for power-plant operator GenOn Energy to separate from NRG Energy and gain court-approval of its chapter 11 bankruptcy plan.

 
GulfMark Bondholders Lose Battle With Departing Leaders Over Cash 
 

Bondholders poised to take over GulfMark Offshore Inc. on Wednesday lost a fight with directors who are demanding nearly $5 million worth of golden parachutes as they depart from the company.

 
EU Unveils Proposal to Cut Vehicles' Carbon-Dioxide Emissions 
 

The European Union proposed a 30% cut in carbon-dioxide emissions from cars and vans in the decade through 2030, seeking to prod auto makers toward cleaner technologies led by electric vehicles and curb climate change.

 
Holders of Venezuelan Bond Default Insurance Ask to Be Paid 
 

Holders of Venezuelan-bond default insurance are trying to collect, contending that the state-owned oil company failed to make a recent payment.

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