Oil Gives Back Some Gains With OPEC+ in View
Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to bring back another 411,000 barrels a day in August.
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U.S. Natural Gas Retreats Ahead of Long Weekend
U.S. natural gas futures fell going into the long weekend with potential shifts in weather forecasts that could alter demand expectations.
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Gold Reserve Emerges as Top Bidder for Venezuela’s Citgo
A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, Canada’s narrowing energy surplus, crude futures, and more in the latest Market Talks covering energy and utilities.
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U.S. Crude Oil Stockpiles Post Surprise Build as Exports Fall
U.S. crude oil inventories rose by 3.8 million barrels, as imports increased and exports fell sharply from the week before.
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Can OPEC+ flood the world with crude? It’s harder than oil traders think.
A portfolio manager pointed out a “unique” market development that could already be helping to tighten global crude inventories, even as major oil producers look to boost output for a fifth straight month.
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Google Signs Deal to Buy Fusion Energy From Bill Gates-Backed Nuclear Startup
The tech giant is betting that Commonwealth Fusion Systems could start producing fusion power next decade.
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Canada Loads First Ever LNG Cargo to Asia
LNG’s role in Asia’s energy mix looks set to keep growing as countries turn to the lower-carbon fuel to meet their green energy goals.
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Wall Street Banks Nudge Oil Price Forecast Higher But Outlook Stays Bearish
Major Wall Street banks modestly lifted their oil-price forecasts after geopolitical risks flared in the Middle East, but concerns over a global supply glut and uncertain demand prospects continue to weigh on crude.
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Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar
Elon Musk calls the Senate’s latest version of the spending bill ‘utterly insane and destructive.’
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The Oil Tycoon and the Philosopher Threatening Big Oil’s Bet on Carbon Capture
The fraught politics of carbon capture are dividing the oil industry.
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Shell in Early Talks to Acquire Rival BP
A deal would be a landmark combination of two supermajor oil companies. Shell issued a formal stock exchange denial of takeover talks.
(END) Dow Jones Newswires
July 03, 2025 16:15 ET (20:15 GMT)
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