Crude Futures Decline on Possible U.S.-Iran Deal

Oil futures posted back-to-back losses as President Trump expressed optimism about reaching a nuclear deal with Iran, and the IEA forecasts a looser supply and demand balance this year.

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IEA Lifts Oil Demand View on Softer Tariff Impact, Lower Prices

Global oil demand growth is expected to be stronger than previously anticipated due to lower oil prices and a less severe hit of U.S. tariffs on the economy, the International Energy Agency said.

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Eni in Talks to Sell Plenitude Stake to Ares for Up to $2.3 Billion

Eni is in exclusive talks to sell a 20% stake in its Plenitude low-carbon unit to Ares Management’s alternative-credit arm.

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Engie Backs View After Earnings Grow

The increase was mainly driven by a better performance in its infrastructures business.

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Energy & Utilities Roundup: Market Talk

Find insight on Orsted, OPEC production, E.ON, crude futures and more in the latest Market Talks covering Energy and Utilities.

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Aramco Signs Deals With U.S. Companies With Potential Value of $90 Billion

Aramco signed 34 memoranda of understanding and agreements with major companies such as Exxon Mobil, Nvidia and Amazon.com.

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U.S. Crude Oil Supplies Rise Unexpectedly

U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data from the U.S. Energy Information Administration

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OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast

The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast steady as it prepares to accelerate production.

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Swiss Clean-Energy Startup Produces Diesel From Solar Power

Synhelion says using the power of the sun to make fuel could help decarbonize shipping.

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Prime Minister Carney Says Canada Can Emerge As Energy Superpower

Canadian Prime Minister Mark Carney said he’s willing to amend federal rules that may pose headwinds toward getting energy projects built and capitalize on the country’s abundance of natural resources.

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Woodside Suggests Aramco Could Join Louisiana LNG Project

Woodside Energy floated the possibility of Saudi Arabian Oil Co., known as Aramco, buying a stake in its newly approved Louisiana LNG project after signing a collaboration agreement with the giant producer.

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Shell Faces Fresh Legal Challenge Over Development of New Oil and Gas Fields

Dutch environmental group Milieudefensie said that by developing new fields, the oil and gas giant is in breach of its legal duties to cut carbon emissions.

(END) Dow Jones Newswires

May 16, 2025 00:00 ET (04:00 GMT)

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