Oil Prices Rebound But Oversupply Concerns Persist
Oil futures rebounded, and Capital Economics cut its year-end price forecast for Brent to $60 a barrel from $70, and for the end of 2026 to $50 from $60.
EU Lays Out Plan to Cut Russian Energy Imports by 2027
As part of its plan, the EU executive arm in June will propose a ban on all imports of Russian gas-both pipeline and LNG-under new and existing spot contracts. The measure would take effect by year-end.
Marathon Petroleum Swings to Loss on Lower Refining Margins
Marathon Petroleum swung to a first-quarter loss of of $74 million as refining profit margins fell sharply alongside oil and gasoline prices.
Alberta Premier Says Vote on Separation From Canada Possible Next Year
Alberta Premier Danielle Smith said she and Prime Minister Mark Carney had a constructive phone call, but "until I see tangible proof of real change, Alberta will be taking steps to better protect ourselves from Ottawa."
$50 Oil Looks Likely. Why That's a Concern for Stocks.
Oil prices and company earnings estimates look like they still have room to fall, and the stocks may be in for another leg lower.
Energy & Utilities Roundup: Market Talk
Find insight on oil prices, Shell's reported potential acquisition of BP more in the latest Market Talks covering energy and utilities..
Sunoco to Buy Canada's Parkland in Deal Worth $9.1 Billion
Sunoco moved to expand its reach with a $9.1 billion deal to buy Canada's Parkland, bringing with it a fleet of gas stations and a west-coast refinery.
Oil Prices Drop to 4-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal.
Increased supply from OPEC and the economic uncertainty of trade wars weighing on demand could be a brutal combination for energy prices.
Adnoc Gas Posts Higher Net Income, Beats Views
The Abu Dhabi-owned gas company's net income rose 7%, driven by domestic demand and efficient management of planned shutdowns.
Exxon, Chevron Profits Fell Ahead of Tariff-Driven Oil Slump
The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs.
(END) Dow Jones Newswires
May 06, 2025 11:00 ET (15:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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