Oil prices post modest gain as U.S. oil supplies rise, gasoline stockpiles fall
Oil futures climbed Wednesday, but settled off the day's highs after data showed a climb in U.S. crude supplies and a fall in petroleum-product stockpiles.
U.S. Oil Inventories Rose, Products Fell in Week Ended Feb. 2
U.S. oil inventories grew by 5.5 million barrels last week, beating analyst expectations for a gain of 1.3 million barrels.
Europe's Green Agenda Collides With Geopolitical, Economic Reality
The EU has rolled out a raft of new regulations, taxes and investment programs, but some business groups and politicians say the climate agenda is out of step with more urgent problems.
Woodside, Santos End Talks on Merger to Create $57 Billion Energy Giant
The companies spent two months discussing a merger that aimed to capitalize on the rising demand for natural gas resulting from the war in Ukraine.
TotalEnergies Ramps Up Shareholder Returns
TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations.
Siemens Energy Posts Profit as Orders Surge
Siemens Energy swung to a net profit in the first quarter of fiscal 2024, helped by a 24% rise in orders and reiterated its outlook for the year.
Orsted Plans Major Cost-Cutting Drive
Orsted has launched a new plan with cost cuts, a pause in dividends, asset sales and new business priorities following a year beset by troubles in the U.S.
Vestas Beats Views After Record Orders
Vestas shares rose sharply after it posted fourth-quarter profits and revenue above market expectations and said it expected higher sales in 2024.
Energy & Utilities Roundup: Market Talk
Find insights on Precision Drilling, Green Plains, Orsted, and more in the latest Market Talks covering Energy and Utilities.
BP Tops Expectations, Boosts Buyback
BP beat forecasts on fourth-quarter profit and doubled-down on its commitment to hand back cash to investors, helping lift its shares to the top of the FTSE 100..
(END) Dow Jones Newswires
02-07-24 1615ET