Eni Returns to Profit in the First Quarter
Eni was back in the black in the first quarter, posting a net profit of EUR856 million, or EUR270 million on an adjusted basis, with the improved results driven by exploration, production and chemicals.
Oil extends win streak to third session on demand optimism
Oil futures finish higher for a third straight gain Thursday, boosted by optimism over the summer demand outlook, despite pressing concerns over COVID cases in India.
Natural Gas Falls on Storage Data, Weather
Natural gas prices declined for the first time in four sessions, ending 1.7% lower at $2.911/mmBtu as investors give up on a run toward $3 due to mild weather forecasts and a storage report that wasn't as bullish as analysts expected.
Oil's Rebound Greases the Way for Energy Giants' Green Pitch
Higher cash flows and payouts are attracting investors back to Shell and BP, giving them much-needed time to better sell their complex transition plans.
Energy-Focused Hedge Fund Luminus Liquidates Some Assets
The unwinding demonstrates the ongoing ripple effects caused by the Covid-19 crisis that struck the energy industry in early 2020.
Shell Earnings Rise as Prices Recover
Shell reported improved earnings of $3.23 billion for the first quarter and raised its dividend, as oil and gas prices continued their recovery.
Total Profit Beats Estimates But Says Volatility Remains
Total reported first-quarter adjusted profits of $3 billion, ahead of forecasts, on rising oil and gas prices but said the overall environment remains volatile.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Senate Votes to Reverse Trump-Era Loosening of Methane Emission Rules
The Senate voted to restore regulations on methane gas that leaks into the air from U.S. oil and gas production, reversing a Trump-era policy and giving a boost to the Biden administration's goal of reducing emissions.
Pipeline Dispute Draws Competing Concerns from Supreme Court
The case, which could have broad implications for the natural-gas industry, centers on a 116-mile interstate pipeline proposed to be built through Pennsylvania and New Jersey.
(END) Dow Jones Newswires
04-30-21 0415ET
