RWE On Track After Strong 1Q
RWE said its adjusted net income in the first quarter rose to EUR273 million, driven by a good overall trading performance, and confirmed its 2019 forecasts.
Oil Rises on Trade Hopes, Saudi Pipeline Disruption
Oil prices rebounded, buoyed by hopes for a U.S.-China trade deal and a pipeline disruption in Saudi Arabia.
OPEC Oil Production Falls as Iranian Supply Dwindles
In its closely watched monthly oil market report, OPEC said supply fell from Iran and Saudi Arabia in April but the drop was mostly mitigated by rising output from Nigeria and Iraq.
U.S. Oil Stockpiles Expected to Fall
Government data are expected to show that U.S. crude-oil inventories declined by 1.4 million barrels in the latest week, while gasoline stockpiles are seen falling by 600,000 barrels, according to a survey of analysts.
Saudi Arabia Oil Pipeline Damaged in Drone Attack by Houthi Rebels
Saudi Arabia said it halted pumping on a major oil pipeline after it was hit by armed drones, the latest attack on its energy infrastructure after two of its oil tankers were damaged near the Strait of Hormuz over the weekend.
Attacks to Raise Security, Insurance Costs for Persian Gulf Oil Shipments
Recent attacks on Saudi Arabian oil tankers and pipelines are set to increase the cost of insuring and securing crude shipments in the Persian Gulf region, added expenses that will likely lead to higher oil prices, industry executives say.
How Automation Is Changing the Workplace at Duke Energy
CFO Steve Young says software is reducing the number of labor hours needed. But, he says, the remaining work is more rewarding.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Eni's Versalis to Launch Recycled-Plastic Product Range
Versalis, the plastics subsidiary of Italian oil major ENI, said that it has signed an agreement with recycling company Montello to develop a new range of polyethylene products made from recycled packaging.
Centrica Faces Trading Headwinds
British Gas owner Centrica warned that its first half will be hit by a challenging trading environment and that the U.K. energy price cap, warmer than normal weather, and lower gas prices will add pressure to its full-year outlook.