Oil prices consolidate after sinking on surging dollar; IEA sees 2025 crude glut
Oil futures edge higher Thursday, consolidating after slumping in the face of a surging U.S. dollar, as investors weighed a forecast from the International Energy Agency and awaited U.S. inventories data.
IEA Lifts 2024 Oil Demand Forecast But Trims 2025 Projections
The International Energy Agency raised its forecast for this year's oil-demand growth but slightly trimmed next year's estimates, citing the impact of China's economic slowdown on consumption.
E.ON Sticks to Targets After In-Line Results
The German utility, one of Europe's biggest by market capitalization, confirmed its guidance for the year and increased its investments.
Energy & Utilities Roundup: Market Talk
Find insight on Korea Electric Power, Suncor Energy and more in the latest Market Talks covering Energy and Utilities.
RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays
The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.
Siemens Energy Lifts Outlook on Power Demand Boom
Siemens Energy raised its midterm targets as the energy company bets on a boom in global power demand helped by rising electrification, industrial decarbonization and AI applications.
OPEC Trims Demand Forecast for Fourth Straight Month
The Organization of the Petroleum Exporting Countries cut its forecast for oil-demand growth for the fourth consecutive month after further delaying its planned output hike amid market concerns over weaker global consumption and lower prices.
Clean-Energy Investors Brace for New Risks Under Trump
Potential new tariffs on clean-energy equipment and a repeal of industry tax incentives may require rethinking project economics.
Shell Wins Appeal Against Landmark Carbon-Emissions Ruling
A Dutch court ruled in favor of an appeal by the energy giant against a 2021 decision that said it must sharply cut its carbon emissions.
Exxon Says Trump Should Keep U.S. in Paris Climate Pact
In an interview, Exxon Mobil CEO Darren Woods says Trump's plan to pull the U.S. out of the Paris agreement is a bad idea.
(END) Dow Jones Newswires
November 14, 2024 11:00 ET (16:00 GMT)
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