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News Highlights : Top Energy News of the Day

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05/17/2018 | 10:16am CEST
Suez Earnings, Revenue Rise 
 

French utility Suez said its first-quarter earnings and revenue rose, despite a foreign-exchange hit.

 
U.S. Auto Regulator Opens Tesla Crash Probe in Utah 
 

U.S. safety investigators on Wednesday opened the third active investigation of a Tesla Inc. vehicle that crashed while the driver-assistance system Autopilot was said to be in use.

 
EPA Chief Pruitt Faces Grilling by Senate Panel 
 

Scott Pruitt, the head of the Environmental Protection Agency, continued to defend himself against a growing list of allegations involving management missteps and lavish spending at the agency, denying some and deflecting others in a Senate subcommittee hearing.

 
Venezuela's Creditors Are Cutting Its Crude-Oil Lifeline 
 

A series of court rulings are a major blow to the cash-strapped and increasingly isolated nation at a time when its once-thriving state energy monopoly, Petróleos de Venezuela, has been left in tatters after years of mismanagement.

 
European Firms Start Pulling Back From Iran 
 

European firms have started pulling back investment and abandoning commitments in Iran, responding to the imposition last week of broad new American sanctions on Tehran.

 
Analysts See Large Addition to U.S. Natural-Gas Inventories 
 

Analysts expect government natural-gas data scheduled for release Thursday to show stockpiles increased last week by 105 billion cubic feet, more than average for this time of year.

 
Oil Rises on EIA Inventory Data 
 

Oil prices climbed to fresh 3 1/2-year highs amid signs that the oil glut has disappeared.

 
U.S. Crude Oil Inventories Fall More Than Forecast 
 

U.S. inventories of crude oil declined by 1.4 million barrels, more than expected, for the week ended May 11, while stockpiles of gasoline and other fuels also decreased, according to government data.

 
Oil Companies Look to Profit at the Pump 
 

Major oil companies are doubling down on gas stations, refineries and processing plants, betting on a once-unloved part of the energy business to shore up profits and expand their customer bases.

 
Global Oil Stocks Fall to Three-Year Low 
 

Commercial oil stocks in industrialized economies have fallen to their lowest level in three years, the International Energy Agency said, in the latest sign that the global supply glut has been mopped up and the market rebalanced.

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