Oil Prices Ease: Oil prices dip slightly amid caution ahead of the Fed's meeting, despite recent highs, signaling a tight market sentiment.
Private Equity Profits: Specialist buyout firms capitalize on the U.S. shale industry's consolidation, with asset sales reaching $30.55 billion last year, boosting investor returns.
Renewable Transition Challenges in Asia: Asia's shift to renewable energy faces delays despite global emissions reduction efforts, suggesting a longer transition period.
IEA Forecast Adjustments: The International Energy Agency revises its oil-demand growth upwards, while cutting global supply estimates due to OPEC+ output expectations.
Shell's Carbon Emission Reduction Slows: Shell sets a target of 15%-20% reduction in net carbon intensity by 2030, reflecting a moderated pace in emission cuts.
Weekly U.S. Crude Supplies Decline: U.S. crude inventories fall by 1.5 million barrels, reaching 447 million barrels, as refineries ramp up capacity utilization.
E.ON's Investment Plans: E.ON announces EUR42 billion investments in Europe until 2028, focusing on Germany, with expectations of normalized earnings this year.
OPEC's Economic Outlook: OPEC maintains its oil-demand growth estimates while raising its 2024 economic forecast amidst falling inflation and expected interest-rate cuts.
EQT and Equitrans Midstream Merger: EQT and Equitrans Midstream announce an all-stock merger, reuniting EQT with its former pipeline business in a significant natural-gas deal.
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