Shell to Sell Its Interest in Colonial Enterprises to Brookfield
Shell said it would sell its 16.125% stake in Colonial Enterprises to Brookfield Infrastructure Partners for $1.45 billion as it continues to simplify is portfolio.
BP Chair Helge Lund to Step Down Amid Push for Changes at Oil Major
The British energy company said Lund is likely to step down sometime next year, as activist investor Elliott Management pushes for changes at the British oil major.
Oil Futures Slide on U.S. Tariffs, OPEC+ Output Plan
Crude futures suffered their sharpest one-day decline in almost three years as concerns about loss of demand due to U.S. tariffs are exacerbated by OPEC+ speeding up the return of withheld production.
OPEC+ to Make Larger Output Hike in May, Oil Tumbles
Eight OPEC+ countries will increase output by 411,000 barrels a day next month, prompting oil prices to fall further.
Activist Elliott Names Nominees for Phillips 66 Board Amid Proxy Fight
Activist investor Elliott Investment Management disclosed the names of its four nominees to join Phillips 66' board of directors, in a move that comes shortly after it sued the oil refiner and its board for seat changes.
U.S. Natural Gas Stays Focused on Weather, Storage
U.S. natural gas rose as the Trump administration's global tariff plan sent crude and other markets into a tailspin.
Venezuela Bondholders Find Path to Repayment in Citgo Auction
The leading bid for Citgo favors creditors whose collateral rights over the refiner are in dispute.
U.S. Crude Oil Inventories See Large Build
U.S. crude oil inventories increased by 6.2 million barrels last week as imports rose and refineries reduced their capacity use.
Low-Income Heating Program Loses Its Staff in HHS Cutbacks
A spokesman for the Department of Health and Human Services said it will continue to comply with statutory requirements.
Energy & Utilities Roundup: Market Talk
Find insight on oil futures, OPEC+ and more in the latest Market Talks covering energy and utilities.
(END) Dow Jones Newswires
April 04, 2025 04:00 ET (08:00 GMT)
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