News Highlights: Top Energy News of the Day
Oil Fluctuates Amid Concerns Over Kurdish Referendum
Oil prices fluctuated as investors traded in expiring crude futures contracts and considered the potential fallout from the independence vote in the oil-rich Kurdish region of Iraq.
Former PetroVietnam Chief Sentenced to Death for Graft
Nguyen Xuan Son was sentenced to death for embezzlement and abuse of power, with one judge warning that corruption by Communist Party members and civil servants threatened the regime's survival.
As Diesel Goes From 'Darling to Devil,' European Refiners Try Not to Drown in It
Europe's big oil refiners are searching for other uses for roughly $10 billion of investments in diesel as they anticipate falling demand for what was once drivers' favorite fuel.
Chevron Names Wirth CEO
Chevron named Michael Wirth, an engineer and longtime operator of a vast network of refining and pipeline assets, as its next chief executive.
Natural Gas Falls After U.S. Stockpile Data
Natural gas prices ended lower as worries about upcoming demand outweighed government data that showed a smaller-than-expected increase in stockpiles last week.
In Russia, Spotlight Falls on Oil Boss
The corruption trial of a former Russian economy minister is casting a spotlight on a Kremlin power struggle and the clout of the country's top oil boss.
Origin Energy to Sell Lattice Unit
Australia's Origin Energy Ltd. is selling its conventional oil and gas production business for $1.24 billion to slash debt and focus more on exports of chilled coal seam gas to Asia.
Toyota Motor Sets Up New Electric Car Venture with Mazda, Denso
Toyota Motor Corp. is setting up a venture with Mazda Motor Corp. and automotive supplier Denso Corp. to develop electric vehicles technology, part of a new strategic shift by the car maker into fully electrified engine-powered cars and trucks.