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News Highlights : Top Energy News of the Day

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03/08/2018 | 01:16pm CEST
Oil Capped by U.S. Stock Build, Record Output 
 

Oil prices steadied under pressure from rising U.S. crude inventories and record domestic output.

 
Iran's Oil Boom Is a No-Show 
 

Many international oil companies are staying on the sidelines as the Trump administration threatens to rip up the 2016 nuclear deal and reimpose sanctions.

 
GE Power, in Need of a Lift, Chases Tesla, Siemens in Batteries 
 

General Electric, after a slow start in electric-power storage, plans a new battery-storage platform for energy generated by wind turbines and solar panels.

 
U.S. Crude Oil Inventories Increase 
 

U.S. inventories of crude oil increased by 2.4 million barrels for the week ended March 2, while fuel stockpiles declined, according to EIA data. Analysts had predicted crude supplies would climb by 2.3 million barrels.

 
Analysts See Small Drain From U.S. Natural-Gas Inventories 
 

Analysts expect government data scheduled for release Thursday to show that stockpiles declined by 59 billion cubic feet, less than usual for this time of year.

 
Big Oil CEOs 'Not Losing Any Sleep' Over Peak Oil Demand 
 

The heads of some of the world's largest oil companies pushed back against predictions that demand for petroleum could erode in coming decades due to the rise of renewable energy and electric vehicles.

 
Maersk Ship Catches Fire in Arabian Sea; Four Crew Members Are Missing 
 

A Maersk container vessel is on fire in the Arabian Sea with four crew members missing, the Danish cargo shipping line said late Tuesday.

 
Shale Trailblazer Turns Skeptic on Soaring U.S. Oil Production 
 

One of the pioneers of the U.S. shale boom plans to deliver a surprising message at a major energy conference here this week: U.S. oil production won't keep growing as fast as the market seems to think.

 
Why the U.S. Trade Deficit Is Worse Than it Seems 
 

The U.S. trade balance may be much worse than it looks. The reason is the boom in U.S. energy production has dramatically reduced the need for oil imports in recent years.

 
U.S. Will Be World's Largest Oil Producer by 2023 
 

The U.S. will overtake Russia to become the world's largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, according to the International Energy Agency.

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