Oil prices end higher on outlook for Chinese demand, tighter global supplies
Oil futures finished higher Tuesday, buoyed by expectations for stronger energy demand from China and signs of tighter global supplies.
Chevron's $53 Billion Deal for Hess in Jeopardy on Possible Exxon Challenge
The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off Guyana's coast.
Woodside Energy Annual Net Profit Falls 74%, Payout Ratio Steady
Woodside Energy reported a 74% fall in annual net profit, in large part driven by impairing assets in the U.S. Gulf of Mexico and Australia.
Energy & Utilities Roundup: Market Talk
Find insights on Pemex, Capital investment in Canada, Exxon Mobil, and more in the latest Market Talks on the Energy and Utilities sectors.
Natural Gas Hasn't Been This Cheap in Decades
The lowest inflation-adjusted prices in at least 34 years have drillers throttling down from record production.
Iran Reduces Near-Weapons-Grade Stockpile, Defying Expectations
The country has amassed enough near-weapons-grade material for several nuclear weapons but recently pulled back from expanding its stockpile.
Oil Market Gets a Russian Lesson: Sell on the Sound of Cannons
On the second anniversary of the Ukraine invasion and amid ongoing attacks on a vital energy shipping corridor, the oil price is stuck in peacetime.
Woodside to Sell Scarborough JV Stake to Japan's Jera
Woodside Energy said it has agreed to sell 15.1% of the venture developing the Scarborough natural-gas field offshore Australia to Japan's Jera for $1.4 billion as part of a broader strategic relationship.
The New Hot Climate Investment Is Heat Itself
Batteries that store heat can replace fossil fuels for steelmaking and other industrial processes.
Chord Energy, Enerplus to Combine in $11 Billion Deal
Chord shareholders would control about two-thirds of the combined company, while Enerplus holders would control the remainder.
(END) Dow Jones Newswires
02-28-24 0015ET
