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News Highlights : Top Energy News of the Day

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01/02/2018 | 06:16am CEST
Sharp Reversal: Natural-Gas Investors Are on Edge 

Investors wagered on a natural-gas rally last year but it never came. Instead, prices plunged 21% for the worst year since 2014.

Free Trade Has Been a Boon for Energy Independence 

Nafta delivers a triple win for the U.S., Canadian and Mexican oil and natural-gas industries.

Proposed Changes to Offshore Drilling Rules Raise Questions 

The Trump administration's proposed changes to offshore oil drilling rules are raising fundamental questions over whether safety regulators at the Interior Department should also be concerned with promoting oil and gas production.

Oil Prices Expected to Keep Rising in 2018, but It Could Be a Rocky Ride 

Oil prices are likely to continue climbing in 2018 on the back of OPEC-led production cuts and a growing global economy, industry executives and analysts say. But any gains are expected to be kept in check by booming supplies from the U.S.

Oil Gains Breaks Above $60 on Increasing Demand 

Oil prices ended the year above $60 a barrel on Friday, a milestone not seen in more than two years, in another sign that a longstanding global glut is easing.

U.S. Oil-Rig Count Unchanged in Latest Week 

The number of rigs drilling for oil in the U.S. remained unchanged this week at 747, Baker Hughes, a GE company, reported.

Russia Bets on Shale Oil to Defend Its Spot as Top Producer of Crude 

Russia is hoping the Bazhenov shale formation in western Siberia, the largest in the world, will help it defend its title as the world's top producer of crude oil for decades to come.

SunEdison Emerges From Bankruptcy as a Smaller Company 

One-time renewable energy giant SunEdison has emerged from Chapter 11 bankruptcy as a privately held company with a smaller debt load and operations footprint.

China Resists U.S. Efforts to Blacklist Ships Through U.N. 

Beijing and Washington clashed over a U.S. push to blacklist cargo ships for violating international sanctions against North Korea, including one vessel South Korea said it seized after an illegal transfer of oil.

Trump Administration Rescinds Fracking Rules for Government Land 

Industry groups had argued in court that the Obama administration rules would have duplicated state regulations, putting unnecessary and expensive burdens on petroleum developers.

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