Oil Prices Set for Weekly Gains on Trade Optimism 
 

Oil futures rose and were heading for gains in a week that started with a slump on planned OPEC+ output increases and is ending with optimism about U.S. trade talks.

 
Iberdrola to Sell U.K. Smart-Meters Rental Business to Macquarie in $1.2 Billion Deal 
 

The Spanish energy company expects to complete the sale of SP Smart Meters Assets to the Australian investment bank in the third quarter.

 
BP shares rise on report Exxon, Chevron and rivals eyeing oil major 
 

Chevron, Exxon Mobil and TotalEnergies are among other big oil companies that could be considering a deal for BP, a report said Friday.

 
Conoco  Cuts CapEx View on Volatile Economic Status 
 

The Houston oil producer posted first-quarter earnings of $2.8 billion, or $2.23 a share, up from $2.6 billion, or $2.15 a share, a year earlier.

 
Siemens Energy Expects Limited Hit From U.S. Tariffs 
 

The maker of energy equipment reported a surge in profit and anticipates limited direct impact from U.S. tariffs in its fiscal second half.

 
Energy & Utilities Roundup: Market Talk 
 

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

 
Trump Says He Hasn't Decided if Iran Can Enrich Uranium in a New Deal 
 

The president's latest comments add to the administration's mixed messages as it pursues talks for a new nuclear pact with Tehran.

 
Syria Dangles Oil, Peace for U.S. Help on Sanctions 
 

The former Islamist rebels who run the new government are looking to convince a skeptical Trump administration

 
U.S. Crude Oil Stockpiles Fall Amid Lower Production 
 

U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below the five-year average for the time of year, the EIA said.

 
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.

(END) Dow Jones Newswires

May 09, 2025 11:00 ET (15:00 GMT)

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