Oil Falls as OPEC+ to Add Another 411,000 Barrels a Day 
 

Crude futures slid after OPEC+ agreed to raise output by 411,000 barrels a day in June, speeding up the gradual return of 2.2 million barrels a day in voluntary production cuts.

 
Sunoco to Buy Canada's Parkland in Deal Worth $9.1 Billion 
 

Sunoco moved to expand its reach with a $9.1 billion deal to buy Canada's Parkland, bringing with it a fleet of gas stations and a west-coast refinery.

 
Oil Prices Drop to 4-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal. 
 

Increased supply from OPEC and the economic uncertainty of trade wars weighing on demand could be a brutal combination for energy prices.

 
Adnoc Gas Posts Higher Net Income, Beats Views 
 

The Abu Dhabi-owned gas company's net income rose 7%, driven by domestic demand and efficient management of planned shutdowns.

 
Energy & Utilities Roundup: Market Talk 
 

Gain insight on oil prices and production in the latest Market Talks covering Energy and Utilities.

 
Exxon, Chevron Profits Fell Ahead of Tariff-Driven Oil Slump 
 

The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs.

 
Shell Launches $3.5 Billion Buyback After Earnings Beat Expectations 
 

The results were the company's first since its March capital markets day, when it said it would grow top-line production and increase shareholder returns over the next five years.

 
Equinor Sells Stake in Brazil's Peregrino Oil Field for $3.5 Billion 
 

Equinor's Brazilian subsidiary has signed an agreement to sell its interest in the Peregrino field to Prio Tigris, a unit of PRIO SA, Brazil's largest independent oil-and-gas firm, the company said Friday.

 
U.S. Crude Oil Stockpiles Post Unexpected Decline 
 

U.S. crude oil inventories fell unexpectedly last week as exports increased and refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.

 
Wall Street Lowers Oil Price Forecast as Trade War Weighs on Demand 
 

Brent crude is expected to average $68.23 a barrel this year, while West Texas Intermediate is projected at $64.60 a barrel, an April survey showed.

(END) Dow Jones Newswires

May 05, 2025 16:00 ET (20:00 GMT)

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