Oil Futures Settle Lower After Rebound
Crude futures retreated as concerns about rising OPEC+ production outweighed positive signs of U.S.-China trade talks and a second weekly draw in U.S. crude stocks.
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.
Veolia to Buy CDPQ's Stake in Water Technologies and Solutions for $1.75 Billion
The deal means Veolia takes full ownership of Caisse de depot et placement du Quebec's Water Technologies and Solutions subsidiary.
Energy & Utilities Roundup: Market Talk
Find insight on oil futures, Orsted, BP, Endesa, oil futures and more in the latest Market Talks covering Energy and Utilities.
EU Lays Out Plan to Cut Russian Energy Imports by 2027
As part of its plan, the EU executive arm in June will propose a ban on all imports of Russian gas-both pipeline and LNG-under new and existing spot contracts. The measure would take effect by year-end.
Marathon Petroleum Swings to Loss on Lower Refining Margins
Marathon Petroleum swung to a first-quarter loss of of $74 million as refining profit margins fell sharply alongside oil and gasoline prices.
Babcock & Wilcox Working With Advisers to Address Debt
Energy installation and technology company Babcock & Wilcox is working with investment bank Evercore and law firm O'Melveny & Myers to explore options for its debt stack as it faces a slumping stock price and litigation risks, people familiar with the matter said.
(END) Dow Jones Newswires
May 08, 2025 00:00 ET (04:00 GMT)
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