Oil Market Balance Expected to Improve Through 2024, Morningstar DBRS Says
Global oil supply is expected to catch up with demand in the coming months, according to Morningstar DBRS.
Shell Launches $3.5 Billion Buyback
Shell's first-quarter adjusted earnings fell by less than expected, and the oil major kicked off a share buyback as it hurried to close the valuation gap to its U.S. rivals.
Tesla's Downsizing Worries Supercharger Industry
Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network.
Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close
Antitrust enforcers are set to allege former Pioneer CEO Scott Sheffield discussed coordinating oil-production levels with other producers and OPEC.
U.S. Crude Oil Inventories Post Big Build Amid Lower Refinery Runs
Commercial crude oil stockpiles rose by 7.3 million barrels last week, after analysts had predicted a 1.5 million barrel decrease.
BP Goes Deeper Into Gulf of Mexico, After Triumphs and Tragedy
While rivals bank on big new plays in Guyana and Namibia, the new BP CEO is focused on heartland waters off the coast of Louisiana and Texas.
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.
A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.
Cost overruns and delays at Southern Co.'s Plant Vogtle pushed U.S. nuclear power in a different direction.
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.
PetroChina's Net Profit Rose on Higher Sales
PetroChina's net profit and revenue rose, primarily due to a rise in sales volume for the Chinese state-controlled oil company's oil and gas products.
(END) Dow Jones Newswires
05-02-24 0715ET
