Oil prices struggle for direction on rise in U.S. supplies, Middle East cease-fire talks
Oil futures saw mixed trading Thursday, with U.S. and global benchmark prices struggling for direction but on track to post notable prices losses for the week.
U.S. Natural Gas Futures Rise Ahead Of Inventories Report
U.S. natural gas futures were higher ahead of the EIA's storage report.
FTC Says Ex-Pioneer CEO Tried to Collude With OPEC on Oil Prices
The allegations come as Exxon Mobil struck an agreement with antitrust enforcers not to add the former Pioneer CEO to its board, allowing Exxon to close a deal to acquire Pioneer.
ConocoPhillips's production narrowly beats analyst estimate, but profit falls slightly short
Shares ticked up premarket as the company says it plans to return $9 billion to shareholders through dividends and stock buybacks in 2024.
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.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities.
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.
(END) Dow Jones Newswires
05-02-24 1115ET