Oil Prices Fall as Trump Meets With China's Xi. A New Warning on Supply Is Worrying.
Oil prices fell Wednesday after President Donald Trump arrived in Beijing for a high-stakes summit with China's Xi Jinping.
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Geothermal-Champion Fervo Energy's Shares Soar in Trading Debut
The IPO values the energy company, backed by Bill Gates and Google, at about $7.7 billion.
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U.S. Crude Oil Inventories Post Third Straight Weekly Drop
U.S. crude oil inventories fell by 4.3 million barrels in the week ended May 8 and were about 0.3% below the five-year average for the time of year, the EIA said. Analysts expected a drop of 2.3 million barrels.
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OPEC Cuts Oil Demand Forecast As Hormuz Shock Pushes Output Lower
It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.
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RWE's Earnings Rise as Offshore Wind Unit Helps Offsets Weaker Trading
The company's adjusted earnings before interest, taxes, depreciation and amortization, and adjusted earnings per share both rose 25%.
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E.ON Confirms Guidance After Strong Start to Year
The electric utility's adjusted net profit-excluding exceptional and other one-off items-was 7% higher than in the same period a year prior.
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Energy & Utilities Roundup: Market Talk
Find insight on the Trump-Xi summit, RWE, E.ON and more in the latest Market Talks covering energy and utilities.
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EIA Sees Prolonged War in Iran Draining Global Oil Stocks Faster Than Expected
The agency said it expects inventories to decline by 2.6 million barrels a day on average in 2026, compared with its previous estimate of a 300,000 barrels a day decrease.
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Oil Prices Rise as U.S.-Iran Cease-Fire Remains on Thin Ice
Brent crude and WTI prices were up again after President Donald Trump rejected Iran's response to the U.S.'s peace offer on Monday.
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Is AI power really the new oil? Soon it will trade just like a commodity.
CME Group plans to launch futures that would let investors bet on the price of computing power.
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Adnoc Gas Expects Strait of Hormuz Closure to Hit Full-Year Profit
The Abu Dhabi-owned gas company anticipates a hit to second-quarter net income between $400 million and $600 million due to the strait's closure.
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Aramco Sees Oil Market Losing 100 Million Barrels a Week if Hormuz Remains Closed
Saudi Aramco Chief Executive Amin Nasser added that the market has already lost about 1 billion barrels of oil supply during the crisis.
(END) Dow Jones Newswires
May 13, 2026 16:00 ET (20:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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