News Highlights: Top Energy News Of The Day

U.S. Oil-Rig Count Rises by 12 in Latest Week, Baker Hughes Says 

The number of rigs drilling for oil in the U.S. climbed by 12 in the latest week to 445, according to oil-field services company Baker Hughes.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Icahn to Commence Proxy Contest, Tender Offer for Southwest Gas 

The billionaire investor escalated his challenge to Southwest Gas Holdings by offering to buy shares of the Nevada utility and announcing plans to try to replace the company's board.

What Wild Natural Gas Prices Mean for Inflation 

The tripling of wholesale gas benchmarks in Europe has been more dramatic than its impact on consumer prices, but the link will likely get stronger over time.

U.S. Crude Oil Inventories Surge as Refineries Hit the Brakes 

Government data showed that U.S. crude-oil inventories rose 6.1 million barrels to 427 million barrels -- much more than expected last week as refinery activity declined sharply.

Oil Demand to Rise as Plants Switch Amid Gas Crunch 

Soaring natural-gas and coal prices are pressuring power-generation companies and manufacturers to switch to using oil, a trend that could add half a million barrels a day to global demand, the IEA said.

A Winter of Giant Gas Bills Is Coming 

Americans got a stark warning from the government this week: Expect higher heating bills this winter. Here is what you can do to contain costs.

Financial Firms Get Seal of Approval for Climate Plans 

Endorsements of La Banque Postale, KB Financial and EQT are the first under the Science Based Targets initiative's framework for finance-sector emissions reduction

Biden Administration Seeks to Expand Wind Farms in Coastal Waters 

The U.S. aims by 2025 to lease tracts for wind farms off the Atlantic Coast, the Pacific Coast and in the Gulf of Mexico.

Gas Crisis Prompts Fresh Proposals From EU 

The bloc's executive arm laid out various actions that could be taken at EU or national level to prevent energy price shocks, as political pressure builds on member governments to stem the higher costs.


(END) Dow Jones Newswires

October 15, 2021 16:15 ET (20:15 GMT)

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