Friday, August 14, 2026
ANALYSIS-Helpless bystander? Siemens Energy's $5.9 billion wind power problem- oil and gas 360

ANALYSIS-Helpless bystander? Siemens Energy’s $5.9 billion wind power problem

Nasdaq FRANKFURT – Siemens Gamesa’s SGREN.MC profit warning last week served as a painful reminder for Christian Bruch, CEO of parent Siemens Energy ENR1n.DE, that there’s a big difference between owning a majority stake in an asset and having full control. Siemens Energy holds 67% in Spanish-listed Siemens Gamesa, the world’s largest maker of offshore wind turbines, a stake it was handed

Oil climbs 4% despite rise in U.S. inventories- oil and gas 360

Oil climbs 4% despite rise in U.S. inventories

CNBC Oil prices rose more than 4% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories. Brent crude futures gained $2.73, or 4%, to $72.08 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $2.93, or 4.4%, to $70.14 a barrel. Futures are rebounding after dropping around