Oil futures extend rise seen after drop in U.S. crude inventories

Oil futures trade higher Thursday, building on bounce seen after data the previous session showed a drop in crude inventories. 


 
U.S. Natural Gas Futures Rise Ahead of Storage Report

U.S. natural gas futures rose as the market awaits the EIA's weekly storage report, which is expected to show a slight increase in the inventory surplus. 


 
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. 


 
Energy & Utilities Roundup: Market Talk

Saudi Aramco, Suncor Energy and more in the latest Market Talks covering Energy and Utilities. 


 
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. 


 
Bouygues Backs Guidance on Improved First Quarter

Bouygues said its operating profit from activities rose to EUR26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023. 


 
Bill Gates-Backed Ambri Files for Bankruptcy With Plans to Sell Itself

The battery developer entered chapter 11 blaming a challenging fundraising environment and fallout from an ill-fated effort to become a manufacturer.


(END) Dow Jones Newswires

05-09-24 1115ET