Oil prices drift lower as traders fret over Fed, look for catalysts
Oil futures headed lower Tuesday, on track to notch back-to-back session losses, as traders were concerned about the outlook for crude demand as the Federal Reserve maintains higher interest rates.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities.
Four Dead, Thousands Without Power Following Severe Storm in Houston
Residents were told they should stay home Friday if they are nonessential workers, and local schools were closed until Monday.
Private Equity Warms Up to Clean-Energy Tax Credits
Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.
Free Solar for Farmers: Climate Law Gives Rich Incentives
The law now offers a particularly sweet deal: a combination of subsidies that can cover or even exceed a project's costs.
Engie Backs Outlook Despite Dip in Earnings
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.
Green Transition Set to Face Critical Minerals Shortfall, IEA Says
Electric vehicle, wind turbine and solar panel manufacturers face a shortfall in critical metals and minerals unless more investment is made in projects such as new mines and recycling, according to a report from the International Energy Agency.
U.S. oil prices settle at one-week high on post-CPI relief rally and drop in crude supplies
U.S. oil prices settled at their highest level in a week on Thursday, extending a relief rally sparked by data showing a slowdown in key U.S. inflation data.
Crescent Energy to Acquire SilverBow in $2.1B Deal
SilverBow Resources has agreed to be acquired by its Houston-based rival Crescent Energy in a deal valued at $2.1 billion.
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.
(END) Dow Jones Newswires
05-21-24 1115ET