What's going on, and what to make of it.
business
Baker Hughes CEO Simonelli sees a 'demand decade' ahead for energy, driven by AI and population growth. But RWE and BP CEOs warn of geopolitical risks and uncertain prices. Oversupply could hit oil markets in 2027-2028.
business
Democrats won control of Congress in the midterms, brightening the outlook for clean energy. Stocks rallied, and analysts say the long-term economics of wind, solar, and battery storage are better protected from political interference.
business
Saudi Aramco reported Q3 adjusted net income of $31.2 billion, beating estimates. Downstream earnings jumped 234% on stronger refining margins. The company declared a $21.9 billion dividend and acquired a 49% stake in Saudi AI company HUMAIN.