Oil falls with OPEC forecast unchanged

Oil futures move lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged. 


 
OPEC Sticks to Oil-Demand View

OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June. 


 
Plug Power's stock jumps 60% after long-awaited funding announcement

Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain. 


 
Washington Tries to Break Power Grid Logjams

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


 
Energy & Utilities Roundup: Market Talk

Emera, Algonquin Power 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.


(END) Dow Jones Newswires

05-14-24 1115ET