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. 


 
Natural Gas Up Amid Lower-Than-Expected Inventory Build

Natural gas prices rose for a second consecutive day as U.S. storage grew less than expected. 


 
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. 


 
Energy & Utilities Roundup: Market Talk

Find insights on wildfires in Alberta, SilverBow Resources , Crescent Energy, and more in the latest Market Talks covering Energy and Utilities. 


 
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. 


 
AI Is Electrifying These Power Producers' Shares

The outlook for higher electricity demand is lifting share prices to new heights at Vistra, NRG and Constellation Energy. 


 
IEA Lowers 2024 Oil-Demand Growth Forecast on Slow Start of the Year

The International Energy Agency cut its forecast for oil-demand growth this year as subdued industrial activity and mild winter temperatures reduced gasoil consumption across some of the world's largest economies, particularly in Europe. 


 
E.ON Backs Guidance After Swing Back to Profit

E.ON reiterated its full-year views and confirmed its planned investments for the year after it reported a profit in the first quarter, driven by investment-led growth.


(END) Dow Jones Newswires

05-17-24 0415ET