Oil futures end higher, with Brent turning up for the week
Oil futures gained on Thursday, with global benchmark prices turning higher for the week and buoyed by optimism over the outlook for demand.
Wildfires Are Making Investors Nervous About Los Angeles Area Utility Again
Southern California's Edison International owes its survival to luck, at least in part.
KKR, PSP Investments Partner to Buy Stake in Two American Electric Power Companies
KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion.
Constellation Energy Near Deal for Calpine
The cash-and-stock deal would value the power company at around $30 billion including debt.
Energy & Utilities Roundup: Market Talk
Find insight on Shell, Repsol, Eni and more in the latest Market Talks covering Energy and Utilities.
U.S. Crude Oil Stockpiles Extend Decline to Seven Weeks
U.S. crude oil inventories fell for a seventh consecutive week, while product stocks saw large builds last week as refineries increased their capacity use.
Shell Warns on Earnings, Cuts Production Guidance
The energy giant said it expects earnings from its core integrated gas division to fall significantly in the fourth-quarter compared with the previous one due to expiring hedging contracts.
The Billionaire Mining Magnate Who Bet Coal Had a Future-and Won Big
The U.K. closed its last coal-powered plant, but 76-year-old Low Tuck Kwong ignored naysayers and built a fortune from the world's dirtiest fossil fuel.
ExxonMobil Earnings to Fall on Lower Oil Prices
The change in gas prices, however, may boost earnings by as much as $400 million for the quarter, the company said..
Phillips 66 to Buy EPIC NGL for $2.2 Billion
Phillips 66 will buy EPIC NGL for $2.2 billion to help the Houston oil refiner grow its Permian midstream business.
(END) Dow Jones Newswires
January 09, 2025 16:00 ET (21:00 GMT)
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