Oil prices end lower as traders weigh energy demand prospects

Oil ended lower on Tuesday after the International Energy Agency raised its forecast for growth in crude demand, but economic data from China is seen was "underwelming," raising uncertainty over the demand outlook from the world's largest energy consumer. 


 
California's Green Fuel Program Gets Too Popular for Its Own Good

A renewable-diesel boom is helping the state beat greenhouse-gas-reduction goals but is stifling other green-fuel investments. 


 
Brazil's Petrobras to End Market-Friendly Fuel Pricing

Leftist President Luiz Inácio Lula da Silva has called for more control of gasoline and diesel prices, which analysts see as a possible return to costly fuel subsidies. 


 
Overhauling Energy Permitting Is a Heavy Lift in Debt-Ceiling Talks

Some lawmakers say they would rather discuss environmental reviews separately. 


 
Baker Hughes CFO Aims to Boost Dividends, Be More Judicious With Buybacks

Six months into the role, Nancy Buese is leading a pivot in how the oil-field services company returns cash to shareholders. 


 
China's Demand for Oil Hits Record as IEA Raises Global Forecasts

The outlook highlights widening divide between booming demand in the developing world and lackluster requirements in Europe and North America, the International Energy Agency said. 


 
Energy & Utilities Roundup: Market Talk

Find insight on U.S. commercial inventories, Technip Energies, Petrobras, Petroleo Brasileiro, and more in the latest Market Talks covering Energy and Utilities. 


 
Exxon Mobil Settles Indonesians' Long-Running Abuse Suit

Agreement resolves 22-year-old case ahead of trial this month. 


 
Rusty Old Oil Tankers Fetch Big Bucks

Shipping companies are enjoying an earnings bonanza even if they won't carry Russia's oil. 


 
Siemens Energy Cautious on Profit Outlook

Siemens Energy lifted its full-year revenue growth target but cautioned that its profit margin before special items is now seen around the low end of its guidance range of 1%-3% due to Gamesa's poor performance


(END) Dow Jones Newswires

05-17-23 0015ET