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PG&E Nears Deal With KKR for Stake in Power Business Spinoff The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power...
Oil Extends Losses on U.S. Inflation Concerns Oil prices were down more than 1% in Europe after the latest U.S. economic data further dented hopes the Federal Reserve could start cutting...
OMV Profit Tops Hopes, Keeps Outlook OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance. Oil...
Oil Falls on U.S. Inflation Concerns Oil prices traded lower in Europe after the latest U.S. data reinforced prospects of higher-for-longer interest rates, but signs of a tightening physical...
Oil Broadly Stable Amid Gaza Ceasefire Talks Oil was broadly stable as fresh talks over a Gaza ceasefire reduced the risk premium for crude, and a tight market limited the price downside. A...