OPEC+ Meeting Price Reaction Tied to Output Hike Scope, Messaging 
 

Oil prices were flat, and while OPEC+ was largely expected to accelerate oil output hikes for in June, BMI said it was arguable that much of the downside was being priced in ahead of time.

 
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.

 
Trump Ally Lindsey Graham Pushes Russia Crackdown 
 

The South Carolina senator is building support for new sanctions on Moscow and tariffs on countries that buy Russia's oil.

 
SolarWinds Security Chief Tim Brown Hopes the SEC Will Dismiss Charges 
 

The CISO discusses personal legal liability for cyberattacks; 'I ended up having a heart attack the week that I was notified.'

 
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.

 
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.

(END) Dow Jones Newswires

May 02, 2025 07:00 ET (11:00 GMT)

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