Oil edges higher, shaking off big buildup in U.S. crude inventories

Oil prices tick higher, with traders awaiting official inventory data after industry figures show a large build in crude but a fall in product supplies. 


 
Shell Sees LNG Demand Up at Least 50% by 2040

Shell said it expected global demand for liquefied natural gas to grow beyond 2040, driven by industry in China and economic development in South and Southeast Asia. 


 
A Tiny Hedge Fund Is Becoming a Thorn in the Side of Energy Giant BP

London-based Bluebell Capital Partners has a history of aiming at big targets, and sometimes hitting them. 


 
Energy & Utilities Roundup: Market Talk

RWE, Orsted and more in the latest Market Talks covering Energy and Utilities. 


 
OPEC Sticks to Oil-Demand Growth View, Lifts Economic Forecast

OPEC left its expectations for global oil-demand growth unchanged, but raised its economic forecast amid easing inflation and anticipated interest-rate cuts. 


 
SEC's Gensler Bracing for Lawsuits Over Climate Rule

Securities and Exchange Commission head Gary Gensler said possible lawsuits challenging the agency's proposed climate disclosure rule would be "part of our democracy," but added that the SEC is working to craft a rule that holds up to judicial scrutiny. 


 
Phillips 66 Names Elliott-Backed Director to Board

Oil refiner Phillips 66 named former Cenovus executive Robert W. Pease to its board, succumbing to pressure from activist investor Elliott Investment Management. 


 
A Texas Oil Driller Banks a $26 Billion Deal, With Regrets

Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked. 


 
AEP Enters Agreement With Icahn Capital

The utility company said that Icahn Enterprises senior managing director Hunter Gary and retired executive vice president of Southern Company Gas Hank Linginfelter will join the board. 


 
Permian Rivals Reach Deal to Create $50 Billion Oil-and-Gas Behemoth

Diamondback Energy and Autry Stephens's Endeavor announce a merger as torrid dealmaking continues in the oil patch.


(END) Dow Jones Newswires

02-14-24 1115ET