Oil prices end higher as traders weigh prospects for extension of OPEC+ output cut

Oil futures end higher on Monday as traders weighed signs of soft fuel demand against expectations that the Organization of the Petroleum Exporting Countries and its allies will extend production cuts into the second half of the year. 


 
Washington Tries to Break Power Grid Logjams

New rules aim to boost renewables and meet surging electricity demand. 


 
Energy & Utilities Roundup: Market Talk

Read about Algonquin Power, Emera, Sunway and more in the latest Market Talks covering Energy and Utilities. 

What's So Bad About Fixing Oil Prices?

A U.S. oil CEO's alleged collusion with OPEC isn't as alarming or evil as it seems. 


 
BP Co-Leads $111 Million Funding Round by Australian Green-Hydrogen Electrolyzer Company

SYDNEY-British oil giant BP PLC co-led a $111 million capital raise by an Australia-based technology company developing highly efficient electrolyzers to produce lower-cost green hydrogen. 


 
Shell and Total Talk of Moving to New York. It's No Cure-All.

European energy companies are getting more serious about shifting their stocks to the U.S. in search of higher valuations. 


 
Siemens Energy Lifts Guidance, Targets Gamesea Revamp

The company forecast revenue growth of 10%-12% and a free cash-flow of around EUR1 billion, and said it had initiated a restructuring of its wind business, replacing the unit's CEO in the process. 


 
BP Is Ready to Make Acquisitions. Why It's Looking Beyond Oil.

With prices of clean-energy companies in the doldrums, the British energy giant sees opportunity. 


 
BP Earnings Miss. It's Betting Big on the Gulf of Mexico, Which Should Help.

The company is back to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf. 


 
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes

Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.


(END) Dow Jones Newswires

05-13-24 1615ET