Oil Holds Steady After Israel Seizes Control of Rafah Crossing 

Oil prices were steady as traders assessed developments in the Middle East after Israel stepped up attacks in the southern Gaza city of Rafah and while negotiations for a ceasefire remained on edge.

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.

Energy & Utilities Roundup: Market Talk 

Gain insight on TC Energy, Worley, and more in the latest Market Talks covering the Energy and Utilities sector.

New EU Cyber Rules for Electricity Providers Aim to Prevent Cascading Outages 

Critical power suppliers will be required to submit cybersecurity assessments every three years and implement protections.

Exxon Completes $60 Billion Pioneer Natural Resources Acquisition 

Exxon Mobil has completed its $60 billion acquisition of rival Pioneer Natural Resources after reaching an agreement with antitrust regulators, closing out the largest oil-and-gas deal in decades.

New Treasury Tax Guidelines Open Door for Corn and Soy in Sustainable Aviation Fuels 

The guidance is a boon for biorefineries, but some observers worry it is based on unproven assumptions.

Former Pioneer CEO Is Accused of Trying to Collude With OPEC 

The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.

(END) Dow Jones Newswires

05-07-24 0715ET