OPEC Sticks to Oil-Demand Growth View, Lifts Economic Forecast

OPEC left its expectations for global oil-demand growth unchanged, but raised its economic forecast amid easing inflation and anticipated interest-rate cuts. 


 
U.S. oil prices mark 7-day climb as natural-gas prices drop nearly 5%

Oil futures settled higher Tuesday, with U.S. benchmark prices marking a seventh straight session gain, as traders continued to weigh risks to crude supplies tied to Middle East tensions and energy-demand prospects. 


 
Phillips 66 Names Elliott-Backed Director to Board

Oil refiner Phillips 66 named former Cenovus executive Robert W. Pease to its board, succumbing to pressure from activist investor Elliott Investment Management. 


 
A Texas Oil Driller Banks a $26 Billion Deal, With Regrets

Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked. 


 
AEP Enters Agreement With Icahn Capital

The utility company said that Icahn Enterprises senior managing director Hunter Gary and retired executive vice president of Southern Company Gas Hank Linginfelter will join the board. 


 
Permian Rivals Reach Deal to Create $50 Billion Oil-and-Gas Behemoth

Diamondback Energy and Autry Stephens's Endeavor announce a merger as torrid dealmaking continues in the oil patch. 


 
Former FirstEnergy Executives and Former Public Utility Official Indicted in Ohio

Samuel Randazzo, ex-head of state utilities, was accused of receiving more than $4.3 million from FirstEnergy and its affiliates to provide favorable official actions for the company. 


 
Energy & Utilities Roundup: Market Talk

Find insight on Orsted, Equinor, Beach Energy and more in the latest Market Talks covering the Energy & Utilities sector. 


 
Residential Solar Confronts a Critical Year

High rates and less-generous subsidies have pushed some rooftop solar companies into bankruptcy, and even survivors will have an uphill battle. 


 
Galp Warns of Lower Earnings This Year

Galp forecast weaker earnings for 2024 after profits fell in the fourth quarter on limited refining activities due to an overhaul at its Sines plant.


(END) Dow Jones Newswires

02-13-24 1615ET