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News Highlights: Top Energy News of the Day

Oil Steady After Biggest Gain in Three Months 

Crude futures wavered after registering their biggest gains since December, as the turmoil surrounding U.S. banks continued to drive moves in oil prices.

New Shell CEO Faces Big Dilemma: Should the Company Pump More Oil? 

Wael Sawan says he knows some people are going to be unhappy when he completes his business plan for the energy giant.

FirstEnergy Names Blackstone's Brian Tierney as President and CEO 

Mr. Tierney, who serves as global head of portfolio operations and asset management for Blackstone's infrastructure group, will join the electric utility company in June.

Brookfield Renewable Enters Australian Renewable Energy Market with Origin Energy Deal 

Brookfield said Origin Energy is critical to Australia's energy transition and energy security.

ConocoPhillips CEO Doubles Down on Alaska Oil as Competitors Leave Arctic 

Chief Executive Ryan Lance is forging ahead with drilling for Alaska oil, emboldened by President Biden's approval of the $7 billion Willow project.

Sinopec's 2022 Net Profit Fell as Domestic Demand Waned 

China Petroleum & Chemical Corp., also known as Sinopec, posted a drop in net profit for 2022 on lower demand for natural gas and oil products due to the pandemic.

How Options-Hedging Turbocharged Oil Volatility 

A type of trading amplified a price drop to 15-month lows and now could help fuel a rebound.

Canadian Quakes Determined to Be Caused by Oil Activity 

Wastewater from oil operations pumped into the ground sparked Alberta temblors, a regulator and researchers both concluded.

Biden, Trudeau Tout Job Boosts From Clean Energy, Chips Manufacturing 

The two leaders also stressed their commitment to defending Ukraine in remarks to the Canadian Parliament.

LG Energy to Build $5.6 Billion Battery Plant in U.S. 

LG Energy Solution said it will build a battery-production complex in Queen Creek, Ariz., to meet growing demand for electric vehicles.

(END) Dow Jones Newswires

March 28, 2023 07:00 ET (11:00 GMT)

2023 Dow Jones & Company, Inc.

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