Jacqueline Toth

By Jacqueline Toth Top Stories Pacific Gas & Electric Co. shares recovered by as much as 49 percent after the California Public Utilities Commission signaled it does not want PG&E to enter into bankruptcy amid this year’s fires, with President Michael Picker saying it was “not good policy to have utilities unable to finance” their […]

By Jacqueline Toth Top Stories The South Korean companies SK Energy Co., GS Caltex Corp. and Hanjin Transportation Co. pleaded guilty to charges of conspiracy over fixing prices on fuel sold to U.S. military bases in Korea through suppressing competition during contract bidding from at least 2005 to 2016, according to the Justice Department. The […]

By Jacqueline Toth Top Stories After warning last month that inflated energy prices could pose a risk to global economic growth, the International Energy Agency welcomed the rise in surplus crude oil inventories among industrialized nations, whose oil stocks have increased for four consecutive months. The IEA’s monthly oil market report reduced the agency’s growth […]

By Jacqueline Toth Top Stories The International Energy Agency projects that the United States will account for almost 75 percent of global oil growth and 40 percent of global gas growth over the next six years, with U.S. shale oil supply expected to more than double to 9.2 million barrels per day by the mid-2020s […]

By Jacqueline Toth Top Stories Members and non-members of the Organization of the Petroleum Exporting Countries raised the possibility of a coordinated reduction in oil output in 2019, but they made no firm decision over a new supply policy at this time. Saudi Arabia announced before this past weekend’s meeting that it will cut production […]

By Jacqueline Toth Week in Review 2018 midterm elections Voters in Tuesday’s midterm elections decided on numerous energy-related ballot initiatives, rejecting new restrictions on oil and gas drilling in Colorado, knocking down a proposed carbon tax on users of fossil fuels in Washington state, and approving a ban on offshore drilling in Florida. House Democrats intend […]

By Jacqueline Toth Top Stories Judge Brian Morris of the U.S. District Court for the District of Montana blocked construction of TransCanada Corp.’s 1,200-mile Keystone XL oil pipeline, arguing that the Trump administration did not properly account for the impact of lower oil prices on the project; the pipeline’s potential for oil spills; or the […]

By Jacqueline Toth Top Stories Tesla Inc. selected board member Robyn Denholm to immediately take over the board chairmanship from Chief Executive Elon Musk, a replacement required under Tesla’s recent settlement with the Securities and Exchange Commission. Denholm, who will leave her job as chief financial officer and head of strategy for Australian phone firm […]