Oil Futures Retreat as Oversupply Worries Return 
 

Oil futures gave up early gains and settled lower with the market rattled by a report that Kazakhstan is unlikely to compensate for producing above its agreed level within the OPEC+ group. WTI fell 2.2% to $62.27 a barrel and Brent retreated 2% to $66.12 a barrel.

 
GE Vernova Swings to Profit as Backlog Rises 
 

GE Vernova swung back to a profit in the first quarter as orders stacked up and its revenue climbed, sending shares higher in the premarket session.

 
U.S. Crude Oil Stockpiles Post Small Increase 
 

U.S. crude oil inventories rose by 244,000 barrels, for a fourth consecutive weekly climb, amid higher net imports, while refineries ramped up their capacity use.

 
Offshore Wind Is a New Trump Target. Many Projects Are at Risk 
 

The Trump administration's move last week to halt a wind project under construction has put the industry in a state of emergency.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on oil futures, Woodside Energy and more in the latest Market Talks covering the Energy & Utilities sector.

 
Energy Has Been Hit Hard. Chevron  Can Bounce Back. 
 

Legitimate concerns about the oil staple have led to an overly bearish outlook and an opportunity for investors seeking a haven.

 
U.S. Slaps Steep Tariffs on Southeast Asian Solar Imports 
 

The U.S. broadened its trade dispute with China by imposing steep tariffs on solar imports from four Southeast Asian countries where Chinese manufacturers have set up factories in recent years.

 
Woodside Energy Assessing Tariff Impact on Louisiana LNG Project 
 

Louisiana LNG, which Woodside acquired last year, is within a so-called Foreign-Trade Zone that enables the project to defer the payment of tariffs until the completion of each gas processing unit.

 
Halliburton sees tariffs cutting up to $26 million from earnings this quarter 
 

Halliburton is following the "fluid" trade situation closely, according to CFO Eric Carre

 
Big Oil Is Offshoring Its Prized Engineering Jobs to India 
 

Chevron and other oil companies are cutting thousands of positions, while offshoring more white-collar jobs to the country.

(END) Dow Jones Newswires

April 24, 2025 00:00 ET (04:00 GMT)

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