- U.S. crude oil recovers losses after surprise stockpile declineon May 8, 2024 at 6:50 pm
Oil prices have fallen 8% since April highs, but Morgan Stanley sees a tighter market heading into summer driving season.
- Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine uniton May 8, 2024 at 4:11 pm
The German renewables firm Siemens Energy announced Wednesday that the CEO of its troubled wind turbine unit will be replaced amid "comprehensive restructuring measures."
- Oil prices little changed as U.S. moves to replenish reserve, Gaza cease-fire still uncertainon May 7, 2024 at 9:24 pm
Israel rejected the cease-fire accepted by Hamas but has sent a delegation to Egypt to continue talks.
- BP misses expectations as profits slip on weaker oil and gas priceson May 7, 2024 at 4:32 pm
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.
- Saudi Aramco upholds dividend despite drop in first-quarter profitson May 7, 2024 at 7:16 am
Aramco, which is the world's largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.
- Microsoft signs deal with Swedish partner to remove 3.3 million metric tons of carbon dioxideon May 7, 2024 at 3:32 am
Stockholm Exergi described the Microsoft contract as the largest carbon removal deal to date.
- Oil prices hold firm amid confusion over status of Gaza cease-fire proposalon May 6, 2024 at 7:16 pm
Oil prices are rising after falling 6% last week.