energy News
Sable Offshore Tumbles on $250M Capital Raise, Stoking Dilution Fears
The private placement, representing nearly 47% of the company's market capitalization, is aimed at funding a key offshore project and satisfying debt covenants.
Empire Petroleum Director Buys $705K Shares Amid Stock Slump
The significant open-market purchase by director Phil E. Mulacek signals strong insider conviction as the energy company's stock trades near its 52-week low.
Cenovus Energy Renews Buyback Program for 10% of Public Float
The Canadian energy producer's stock rose as it reaffirmed its commitment to shareholder returns with a significant share repurchase authorization.
Oil Markets on Edge Over Iran's Geopolitical Wildcard
Energy investors are grappling with a two-sided risk as the prospect of either stricter sanctions or a surprise diplomatic thaw could dramatically shift global oil supply.
Oil Prices Tumble as Massive U.S. Inventory Build Fuels Glut Fears
A surprise 5.2 million barrel increase in crude stockpiles overshadows geopolitical risks, signaling potential headwinds for the energy sector.
Solaris Director Sells $106M Stake After Massive Stock Rally
John Tuma, who joined Solaris via acquisition, cashes in roughly half his holdings as shares trade near all-time highs, raising questions amid past controversies.
Oil Producers Face Headwinds as Inventory Surge Fuels Demand Fears
A surprise 5.2 million barrel increase in U.S. crude stockpiles defies analyst forecasts and pressures oil prices, signaling a potential slowdown.
Orsted Slides to $265M Loss on US Offshore Wind Woes
Danish wind giant hit by DKK 1.8 billion in impairments from US tariffs and project delays, yet maintains its full-year guidance amid sector turmoil.