Oil settles higher on decline in U.S. supplies as traders weigh demand outlook 

Oil futures settled higher Wednesday, buoyed by a second straight weekly decline in U.S. crude supplies, as a slowdown in the U.S. inflation rate lifted prospects for interest-rate cuts and the potential for stronger energy demand.

Petrobras CEO Jean Paul Prates Replaced by Former Government Regulator Magda Chambriard 

Latin America's biggest oil producer Petrobras announced the exit of its CEO Jean Paul Prates, the fifth head of the company to be fired or quit in three years as the government battles for greater control over the group.

AI Is Electrifying These Power Producers' Shares 

The outlook for higher electricity demand is lifting share prices to new heights at Vistra, NRG and Constellation Energy.

IEA Lowers 2024 Oil-Demand Growth Forecast on Slow Start of the Year 

The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's largest economies, particularly in Europe.

E.ON Backs Guidance After Swing Back to Profit 

E.ON reiterated its full-year views and confirmed its planned investments for the year after it reported a profit in the first quarter, driven by investment-led growth.

Energy & Utilities Roundup: Market Talk 

Find insight on the IEA's global oil demand outlook, RWE's 2024 outlook and more in the latest Market Talks covering the Energy & Utilities sector.

OPEC Sticks to Oil-Demand View 

OPEC left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June.

Plug Power's stock jumps as much as 70% after long-awaited funding announcement 

Plug Power delivered a long-awaited funding announcement on Tuesday morning that looked set to fuel a major stock gain.

Washington Tries to Break Power Grid Logjams 

New rules aim to boost renewables and meet surging electricity demand.

What's So Bad About Fixing Oil Prices?

A U.S. oil CEO's alleged collusion with OPEC isn't as alarming or evil as it seems.

(END) Dow Jones Newswires

05-16-24 0015ET