Oil prices bounce on continued Mideast tensions, but head for weekly decline

Crude futures moved higher Friday morning, shaking off weakness seen after the International Energy Agency lowered its forecast for oil-demand growth, with jitters around Middle East tensions providing support. 


 
Energy-Guzzling AI Is Also the Future of Energy Savings

Data centers need more power because of artificial intelligence, but other buildings can use the technology to conserve. 


 
IEA Expects Global Oil-Demand Growth to Slow Further in 2025

The International Energy Agency cut its forecast for oil-demand growth this year and said the pace of expansion is set to further decelerate in 2025 as the post-pandemic rebound runs its course and the electric-vehicle rollout weighs on consumption. 


 
Oil Giants Pivot to Plastics. Sizing Up a Historic Glut.

With gasoline's days numbered, oil companies are sending huge amounts of their production to chemical plants for plastic. What it means for companies and the environment. 


 
Energy & Utilities Roundup: Market Talk

Find insights on Origin Energy, Iran, and more in the latest Market Talks covering the Energy and Utilities sector. 


 
Elon Musk Bromance With Argentine President Leads to First Meeting

After months of endorsing each other on X, Musk and Javier Milei look to build ties on lithium resources and the installation of Starlink in Argentina. 


 
OPEC Sticks to Oil Demand View, Cuts Non-OPEC Supply Growth Forecast

The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged, but lowered its forecast for non-OPEC supply growth for this year and next. 


 
Energy Inflation Is Back. How Much Should the Fed Care?

The Federal Reserve tries to look past volatile energy prices when analyzing inflation and setting interest rates. But the oil market these days is getting harder to ignore. 


 
U.S. Crude Oil Supplies Rise More Than Expected, Refinery Use Eases

Weekly crude-oil inventories rose by 5.8 million barrels to 457.3 million barrels, compared with analysts' expectations of an added 800,000 barrels. 


 
A Safe, Profitable Bet on the Green Transition

Midstream energy companies are especially attractive given how difficult it has been to add pipeline or storage capacity.


(END) Dow Jones Newswires

04-12-24 1115ET