News Highlights: Top Energy News of the Day - Thursday at 4 PM ET

Oil prices post back-to-back gains, but lackluster gasoline demand raises concerns 
 

Oil futures finished higher on Thursday, building on the gain seen in the previous session after U.S. data showed an unexpected drop in last week's crude supplies - though weakness in domestic gasoline demand raised concerns over the outlook for the market.

 
Natural-Gas Prices are Perking Up 
 

Natural-gas prices added to their recent rally following a government report that showed less fuel was injected into U.S. storage facilities last week than analysts expected.

 
Shell and Total Talk of Moving to New York. It's No Cure-All. 
 

European energy companies are getting more serious about shifting their stocks to the U.S. in search of higher valuations.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on Harbour Energy, Shell and more in the latest Market Talks covering the Energy & Utilities sector.

 
Siemens Energy Lifts Guidance, Targets Gamesea Revamp 
 

The company forecast revenue growth of 10%-12% and a free cash-flow of around EUR1 billion, and said it had initiated a restructuring of its wind business, replacing the unit's CEO in the process.

 
BP Is Ready to Make Acquisitions. Why It's Looking Beyond Oil. 
 

With prices of clean-energy companies in the doldrums, the British energy giant sees opportunity.

 
BP Earnings Miss. It's Betting Big on the Gulf of Mexico, Which Should Help. 
 

The company is back to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf.

 
Saudi Aramco Net Income Falls on Declining Crude Oil Volumes 
 

Saudi Arabia's national oil company first-quarter profit fell and missed analysts' forecasts due to a lower volume of crude oil sold and weaker refining and chemicals margins.

 
Bouygues Backs Guidance on Improved First Quarter 
 

Bouygues said its operating profit from activities rose to EUR26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.

 
Bill Gates-Backed Ambri Files for Bankruptcy With Plans to Sell Itself 
 

The battery developer entered chapter 11 blaming a challenging fundraising environment and fallout from an ill-fated effort to become a manufacturer.

(END) Dow Jones Newswires

May 09, 2024 16:15 ET (20:15 GMT)

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