Saudi Aramco Posts 90% Jump in Profit, Generating Billions for Kingdom
High crude prices are infusing Saudi Arabia with billions of dollars in cash, fueling record profit at its national oil company, lending fresh momentum to the country's ambitious economic makeover and strengthening its geopolitical power.
Oil ends lower as worries over Gulf outage ease, but crude books weekly gains
Oil futures fall Friday after news reports indicated supply disruptions in the Gulf of Mexico were likely to be short lived.
France Risks Winter Blackouts as Nuclear-Power Generation Stalls
The country is contending with its worst nuclear outages in decades, putting it at greater risk of blackouts this winter than big neighbors experiencing their own energy headaches.
Alexei Miller, Putin Loyalist and Gazprom CEO, Fights Energy War With Europe
By starving Europe of gas in retaliation for its support for Ukraine, Mr. Miller is potentially committing the state energy giant to a future of subordination to Beijing.
Shell Working to Fix Leak That Halted Gulf Output
Shell halted activity at several of its offshore oil production platforms in the Gulf of Mexico due to leaky pipelines, but said it expects to have them fixed by Friday.
Energy & Utilities Roundup: Market Talk
Find insight on natural-gas and oil prices, this week's U.S. rig count and more in the latest Market Talks covering Energy and Utilities.
Oil-Storage Disaster Intensifies Cuban Energy Crisis
A fire sparked by a lightning strike destroyed half of the oil-storage capacity at Cuba's main logistics center for imports, storage and distribution of fuel.
OPEC Cuts Oil-Demand Forecasts as Economic Growth Slows
The cartel's revisions, which come as oil prices have eased significantly from the highs they hit in the wake of Russia's invasion of Ukraine, suggest it sees little need to increase output.
Hydrogen Stock Ceres Power Is Heating Up Again
The British intellectual-property company offers a relatively steady way to join the clean-power ride.
EU Proposes Concession to Iran to Revive Nuclear Deal
A key sticking point in talks to revive the 2015 deal has been a probe by the IAEA into undeclared nuclear material found in Iran in 2019.
(END) Dow Jones Newswires
08-15-22 0015ET
