Economic Data Add to Pressure on Crude
Oil futures were lower as weak economic data, including a 0.3% contraction in U.S. 1Q GDP, exacerbated market concerns about demand, while an industry report showed a large weekly build in U.S. crude stocks.
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.
TotalEnergies Keeps $2 Billion Buyback Despite Weak Oil Prices
The company said it would continue to buy back up to $2 billion of shares over the second quarter despite a softening price environment.
Energy & Utilities Roundup: Market Talk
Find insight on Equinor, Beach Energy and more in the latest Market Talks covering energy and utilities.
Spain Blackout Is First of Clean-Energy Era
Solar energy was powering the grid in Spain and Portugal on Monday-until it wasn't, leaving tens of millions without electricity.
Solar-Panel Installer Sunnova Prepares for Bankruptcy Filing Within Weeks
The public company skipped a bond interest payment and entered a 30-day grace period on April 1.
China's Top Oil Companies Flag Weak Demand, Lower Crude Prices
PetroChina, the listed arm of state-owned China National Petroleum Corp., said Tuesday that its net profit rose 2.3% from a year earlier to 46.81 billion yuan, equivalent to $6.42 billion.
Meet the Canadian Fossil-Fuels CEO Who Wants to Power Trump's America
Nathan Ough, the co-founder of VoltaGrid, is aiming to build an electricity empire.
Renown Capital Partners Backs Power-Grid AI Company Utilidata
The recently set up investment firm led a $60.3 million deal that also included participation from AI chip giant Nvidia.
BP Plans to 'Drill, Baby, Drill' in the U.S.
The energy giant pledged to boost U.S. production as it reported a fall in profit and cut its quarterly buyback.
(END) Dow Jones Newswires
April 30, 2025 11:00 ET (15:00 GMT)
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