Oil Futures Bounce in Defiance of Downbeat Data

Oil futures posted their sharpest gains in two weeks after Iran said it’s suspending cooperation with the U.N. atomic agency, returning some of the risk premium that faded following last week’s cease-fire.

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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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Energy & Utilities Roundup: Market Talk

Find insight on oil futures, energy pricing regulation and more in the latest Market Talks covering Energy and Utilities.

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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.

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Trump Goes to Bat for Big Oil on Climate Rules in EU Trade Talks

The administration is targeting key EU greenhouse-gas regulations in trade negotiations with Europe.

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Equinor and Partners to Invest Over $2 Billion in North Sea Oil and Gas Project

The energy major said the new subsea development at Farm Sor will mean more oil and gas can be supplied to Europe, bolstering energy security.

(END) Dow Jones Newswires

July 03, 2025 00:15 ET (04:15 GMT)

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