Oil Higher on Forecast of Steady Growth in U.S. Output

Crude futures traded higher after the EIA said it doesn't expect domestic oil production to reach a new record until early 2025, easing concerns over market oversupply. 


 
Europe's Green Agenda Collides With Geopolitical, Economic Reality

The EU has rolled out a raft of new regulations, taxes and investment programs, but some business groups and politicians say the climate agenda is out of step with more urgent problems. 


 
Woodside, Santos End Talks on Merger to Create $57 Billion Energy Giant

The companies spent two months discussing a merger that aimed to capitalize on the rising demand for natural gas resulting from the war in Ukraine. 


 
TotalEnergies Ramps Up Shareholder Returns

TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations. 


 
Siemens Energy Posts Profit as Orders Surge

Siemens Energy swung to a net profit in the first quarter of fiscal 2024, helped by a 24% rise in orders and reiterated its outlook for the year. 


 
Orsted Plans Major Cost-Cutting Drive

Orsted has launched a new plan with cost cuts, a pause in dividends, asset sales and new business priorities following a year beset by troubles in the U.S. 


 
Vestas Beats Views After Record Orders

Vestas shares rose sharply after it posted fourth-quarter profits and revenue above market expectations and said it expected higher sales in 2024. 


 
BP Tops Expectations, Boosts Buyback

BP beat forecasts on fourth-quarter profit and doubled-down on its commitment to hand back cash to investors, helping lift its shares to the top of the FTSE 100.. 


 
DOJ Charges Iranian Revolutionary Guard Members in Oil Trafficking Cases

Federal officials said they seized $108 million used as part of the funding scheme and 500,000 barrels of Iranian fuel. 


 
Oil Profits Keep Flowing for Exxon and Chevron

U.S. giants join Shell in posting strong earnings, but face an uncertain outlook as countries vow to phase out fossil fuels.


(END) Dow Jones Newswires

02-07-24 0715ET