Saudi Aramco Posts Record Quarterly Profit on Surging Oil Prices
The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia's invasion of Ukraine.
Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle
Companies such as Ming Yang and Goldwind are expanding internationally as GE, Vestas face headwinds due to rising materials costs and supply-chain bottlenecks.
How Utility Stocks Have Kept Their Spark
The sector isn't cheapest place to park money, but right now a compelling enough argument seems to be that there are few alternatives.
Gasoline futures finish at record, lifting oil to weekly gain
Gasoline futures surge to a record close Friday, boosting crude oil to a positive weekly finish.
Record Diesel Pressures European Drivers, U.S. Deliveries
Europe is particularly vulnerable to a global shortfall of the fuel as imports from Russia are expected to slump when sanctions tighten.
Europe's Gas Market Is Still Counting on Russian Supplies
Russia has reliably provided gas to Western Europe for decades, but the risk of a cutoff keeps rising.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
U.S. Cancels Oil, Gas Leases in Gulf of Mexico, Alaskan Coast
The Interior Department cited challenges to development plans in scrapping plans to auction drilling rights. The decision added to friction with the oil industry.
Rising Diesel Costs Are Straining U.S. Truckers, Shipping Operations
Diesel costs are reaching new highs across the U.S., straining the operations of trucking companies and wrecking the transportation budgets of businesses that need to ship goods.
Natural Gas Ends Higher After Small Storage Rise
Natural gas prices finished 1.3% higher in a session that was noticeably quiet compared to recent sessions that saw huge price swings in both directions.
(END) Dow Jones Newswires
05-16-22 0015ET
