News Highlights: Top Energy News of the Day - Wednesday at 7 AM ET

Oil prices edge higher ahead of official U.S. inventory data 
 

Oil futures edge higher as traders await official data on U.S. crude and fuel inventories.

 
A Safe, Profitable Bet on the Green Transition 
 

Midstream energy companies are especially attractive given how difficult it has been to add pipeline or storage capacity.

 
Explosion at Enel Hydroelectric Power Plant Kills at Least Three 
 

Rescuers in Italy were searching for four missing workers in the early hours of Wednesday after an explosion at a hydroelectric power plant owned by Rome-based energy group Enel killed at least three people.

 
Chevron Exits Myanmar With Withdrawal From Natural Gas Project 
 

Chevron has completed its exit from Myanmar, two years after saying it would depart the troubled Southeast Asian nation in the wake of a military coup.

 
BP Expects Profit Lift from Output Boost 
 

BP expects a boost to first-quarter profits from higher oil, gas and low-carbon energy production, despite weaker gas prices.

 
Wildfires Make Utilities a Tricky Investment. Ask Warren Buffett. 
 

More utilities across the West are facing the prospect of significant liability costs as climate change and drought increase risks.

 
Shell Sees Gas Output Above Guidance 
 

Shell said it expects first quarter gas production to beat its previous guidance after a strong start to the year but earnings would be lower than the prior quarter.

 
China Oilfield Services Suspends Operations of Four Mideast Rigs 
 

China Oilfield Services has suspended operations of drilling rigs related to a multibillion-dollar contract in the Middle East, a setback for China's largest offshore drilling contractor in one of its most important international markets.

 
Oil Is Hitting Its Highest Level in Months-Just in Time for Summer Driving Season 
 

Brent crude futures, the benchmark, have climbed 18% in 2024 to exceed $90 a barrel for the first time since October.

 
SEC Accepts Pause on Its Climate Rule 
 

The Securities and Exchange Commission said Thursday it would pause the implementation of its new climate disclosure rule while it fights in court over the measure's legality.

(END) Dow Jones Newswires

April 10, 2024 07:15 ET (11:15 GMT)

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