Abu Dhabi's Adnoc Distribution Profit Nearly Doubles on Fuel Demand, Inventory Gains

Adnoc Distribution reported a sharp jump in quarterly profit as higher fuel sales, inventory gains and stronger margins lifted earnings.

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Siemens Energy Orders Reach Record Highs on U.S. Data-Center Demand

Shares rose around 4% in early morning European trade as demand for U.S. data centers and surging global demand for electricity led to record high orders in its fiscal third quarter.

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Oil Falls Amid Prospects of U.S.-Iran Deal to Reopen Strait of Hormuz

Oil fell in early trade amid prospects of a U.S.-Iran deal to reopen the Strait of Hormuz, a critical waterway through which one-fifth of the world's oil is transported.

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Saudi Aramco's Bumper $33 Billion Profit Gives Kingdom's Finances a Boost

Elevated crude prices lifted earnings despite disruption in the Strait of Hormuz pushing sales volumes lower.

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BP to Sell U.S. Biogas Unit as Oil Profits Surge

The British oil major intends to sell its Archaea biogas business as its oil trading and higher energy prices lifted profits.

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Hormuz Opening Uncertain After New Strike

A ship moving through the Strait of Hormuz was struck as talks to open the waterway continued.

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Zach Dell Is Raising Money to Put a Battery in Your Backyard

Base Power, co-founded by Michael Dell's son, lands a $13 billion valuation as electricity demand and battery storage are booming.

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Trump Blasts Big Oil Companies for 'Making Too Much Money'

The president called out ExxonMobil and Chevron for record profits amid high oil prices.

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Diamondback Energy Lifts Production Guidance, Reports Surging Profit on High Oil Prices

The company benefited from the run-up in oil prices following the start of the war in Iran.

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TotalEnergies Sells Stake in European Renewable Assets to KKR

TotalEnergies said it agreed to sell a 50% stake in European onshore solar and wind assets to private-equity firm KKR.

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OPEC, Allies Increase Oil Output for Sixth Time in a Row

The cartel nears the end of a cycle of production hikes, while potentially difficult talks over future quotas loom.

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U.A.E. Changes How It Prices Its Crude Oil Grades

The United Arab Emirates' state-oil company said that it will base its official selling prices on the prompt-month Platts Dubai benchmark starting from Nov. 1.