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While last month was turbulent for the energy sector overall, a few bright spots within the industry managed to emerge – and those names happen to offer attractive dividends. The S & P 500 energy sector posted a nearly 14% decline for April, languishing alongside the falling price of oil. U.S. crude oil futures tanked nearly 19% last month, while Brent crude , the international oil benchmark, slid more than 15%. Recession fears and oversupply concerns fueled the slide in oil prices, with OPEC+ agreeing to boost production by 410,000 barrels per day in June . But even as the…

Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources’ core New Mexico operating areas. The transaction is expected to close by the end of the second quarter of 2025. “This acquisition is a natural fit for us and has material upside that Permian Resources is uniquely positioned to realize,” said James Walter, Co-CEO of Permian Resources. “We continue to grow our high return inventory, our net…

As tariffs spark growing uncertainty across Amazon’s retail operations, the company’s cloud division is quietly moving to head off similar concerns from business customers.According to an internal document obtained by Business Insider, Amazon Web Services has issued new guidance to frontline sales and technical staff, instructing them on how to respond to customer questions about tariffs, data sovereignty, and potential restrictions tied to US government policy.Among the talking points: If an AWS customer asks about possible price increases due to tariffs, employees are told to avoid direct answers and instead reaffirm pricing terms for those covered under existing Private Pricing…

As it turns out, a trade war with your biggest customer isn’t the death knell some made it out to be. U.S. exports of natural gas liquids (NGLs) hit an all-time high in April, defying concerns that the escalating trade war with China would choke off demand. Ship tracking data from Kpler and Vortexa pegged NGL exports at 2.9 million barrels per day (bpd)—a record level—even as exports to China tumbled 35% month-over-month.NGLs like ethane, propane, and butane—key inputs for everything from plastics to home heating—have long relied on China— as a top buyer. Nearly half of U.S. ethane exports…

(Investing) – LOS ANGELES/WASHINGTON – U.S. energy groups are asking President Donald Trump’s administration to exempt liquefied  tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding. The U.S. is the world’s No. 1 LNG exporter at $34 billion annually and the Trump administration has been a supporter of the industry in his push for energy dominance. In a move that shocked the industry, the U.S. Trade Representative (USTR) announced April 17 that LNG producers would have to transport 1% of…

Updated 2025-05-08T18:19:05Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Jeff Bezos sold one of his several Washington properties after moving to Miami in 2023. He snapped up three mansions on Indian Creek Island, leaving behind eight properties in Washington. He closed the reported deal for $63 million on a Hunts Point estate. Amazon founder Jeff Bezos has amassed a real…

I’ve been reviewing TVs for over a decade, and every year, I test the latest and greatest displays. From affordable QLED sets to premium OLED models, stores are filled with options. But don’t worry — I’m here to help make your shopping experience easier with a curated list of the best TVs.My top pick for most people is the Samsung S90D. All things considered, this model offers the best balance between price and performance, with deep black levels that disappear into a dark room, vibrant colors, and solid smart TV features. However, shoppers who want to spend less should check…

(Bloomberg) – Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field and is in addition to funding earmarked for planned developments in Owowo and Erha, the Nigerian Upstream Petroleum Regulatory Commission said in a statement Tuesday, citing a visit by Shane Harris, Exxon’s managing director in Nigeria. The producer aims to reach oil output of 2.4 million barrels a day after dropping to less…

Amazon has introduced a new robot called Vulcan, designed to pick and stow items in its fulfillment centers using a sense of touch. The company revealed the system at its Delivering the Future event in Dortmund, Germany, calling it a major step forward for robotics and warehouse automation. What’s Related“Vulcan represents a fundamental leap forward in robotics,” said Aaron Parness, Amazon’s Director of Applied Science. “It’s not just seeing the world, it’s feeling it, enabling capabilities that were impossible for Amazon robots until now.” Unlike earlier robots, Vulcan uses sensors to detect contact and pressure, allowing it to handle items…

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. All in all, we’re looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. For now, we are witnessing cheap…