Oil Rises in U.S.-China Trade Talk Optimism 
 

Oil prices rose as U.S. and Chinese officials agreed to meet for trade talks, with prices also supported by rising geopolitical tensions in South Asia.

 
Orsted Warns of Earnings Hit After Axing U.K. Offshore Wind Project 
 

The Danish company won't continue the Hornsea 4 offshore wind project in the U.K. due to rising costs.

 
Veolia to Buy CDPQ's Stake in Water Technologies and Solutions for $1.75 Billion 
 

The deal means Veolia takes full ownership of Caisse de depot et placement du Quebec's Water Technologies and Solutions subsidiary.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on BP, Endesa, oil futures and more in the latest Market Talks covering Energy and Utilities.

 
EU Lays Out Plan to Cut Russian Energy Imports by 2027 
 

As part of its plan, the EU executive arm in June will propose a ban on all imports of Russian gas-both pipeline and LNG-under new and existing spot contracts. The measure would take effect by year-end.

 
Marathon Petroleum Swings to Loss on Lower Refining Margins 
 

Marathon Petroleum swung to a first-quarter loss of of $74 million as refining profit margins fell sharply alongside oil and gasoline prices.

 
Babcock & Wilcox Working With Advisers to Address Debt 
 

Energy installation and technology company Babcock & Wilcox is working with investment bank Evercore and law firm O'Melveny & Myers to explore options for its debt stack as it faces a slumping stock price and litigation risks, people familiar with the matter said.

 
Alberta Premier Says Vote on Separation From Canada Possible Next Year 
 

Alberta Premier Danielle Smith said she and Prime Minister Mark Carney had a constructive phone call, but "until I see tangible proof of real change, Alberta will be taking steps to better protect ourselves from Ottawa."

 
$50 Oil Looks Likely. Why That's a Concern for Stocks. 
 

Oil prices and company earnings estimates look like they still have room to fall, and the stocks may be in for another leg lower.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on BP, New Zealand's electricity sector, Shell's reported potential acquisition of BP more in the latest Market Talks covering energy and utilities..

(END) Dow Jones Newswires

May 07, 2025 07:00 ET (11:00 GMT)

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