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News Highlights: Top Energy News of the Day

Oil Ends Flat As Demand Worries Persist 

U.S. oil prices ended virtually unchanged, rising a marginal 2 cents, or 0.03% leaving crude down 0.8% for the week amid lingering demand concerns.

U.S. Oil-Rig Count Rises by 14 -- Baker Hughes 

The number of rigs drilling for oil in the U.S. rose by 14 in the latest week to 673, according to oil-field services company Baker Hughes.

Schlumberger Plans U.S. Pullback as Shale Oil Drillers Struggle 

The world's largest oil-field services company, Schlumberger, is pulling back from the U.S. and focusing on international projects as a slowdown in shale drilling reverberates through the industry.

Talking Markets: Oil, Car Companies Lead List of Most Low-Carbon Patents 

An analysis of patents filings has shown that companies generally considered to be less environmentally friendly are the ones filing the most patents for low-carbon technologies, suggesting they could lead the way in green innovation, according to the company that carried out the analysis.

Private-Equity-Backed Venture Wins Auction for Bankrupt Alta Mesa 

Alta Mesa Resources Inc. selected a private-equity venture's $320 million bid as the winner at a chapter 11 auction for the oil and gas driller and its bankrupt pipeline and storage subsidiary, Kingfisher Midstream LLC.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities.

Microsoft Raises Stakes in Corporate Climate-Pledge Race 

The software giant said it would become "carbon negative" by 2030-taking more carbon out of the air than its operations and those of its supply chain produce.

German Shift From Coal Spurs Fresh Pain 

A top utility, RWE, said it would eliminate thousands of jobs tied to the country's coal phase-out, as the government pledged about $56 billion in aid to help German regions transition to cleaner energy.

Blackjewel Founder Challenges Probe of Pre-Bankruptcy Payments 

The founder and former chief executive of Blackjewel is challenging an investigation by company and creditor lawyers over pre-bankruptcy transactions he made with his former coal-mining business.

IEA: Saudi Arabia Contributed to Drop in Global Oil Inventories 

Saudi Arabia's reduction in oil supply was a key driver of a drop in global inventories last month, but its efforts were blunted by increased output from other OPEC producers.


(END) Dow Jones Newswires

January 17, 2020 16:15 ET (21:15 GMT)

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