News Highlights: Energy Stories Of The Day

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Oil Prices Edge Lower on Higher U.S. Stockpiles, Output Forecasts

Oil prices edged down on an uptick in U.S. crude stockpiles and production forecasts, and concerns that a coming meeting among major oil producers may not result in any action to reduce the global oil glut.

Pacific Gas & Electric Convicted of Misleading Investigators

California’s largest utility misled federal officials about the standard it was using to identify high-risk pipelines.after one of its natural gas pipelines exploded six years ago, killing eight people and destroying 38 homes in San Bruno.

China Inc. Pursues Power, Glory With Big Brazil Deal

State Grid Corp. of China, the world’s largest electricity provider by revenue, is chasing a gold medal in deal making with a $13 billion takeover of Brazilian electric company CPFL Energia and a listed subsidiary.

Oil Rig Washes Aground on Scotland Shore

British authorities have opened a probe into how a Transocean Ltd. oil rig ran aground in Scotland, the company and investigators said.

China Looks to Placate Nuclear-Project Protesters

After thousands of people took to the streets of Lianyungang to protest the prospect of a nuclear-fuel-recycling plant there-drawing a warning from Communist officials-the local government said it is temporarily suspending site-selection work.

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