Oil Futures Settle Above Lows as U.S. Crude Stocks Decline
Oil futures extended losses to three sessions, but pulled up from early lows as the EIA reports a 3.9 million barrel weekly draw in U.S. crude oil stocks following large builds the previous two weeks.
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U.S. Crude Oil Inventories Post Weekly Draw
U.S. crude oil inventories fell last week amid a rise in exports, reversing some of the large stock builds seen the previous two weeks, according to data.
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TotalEnergies Expects Hit From Lower Oil, Gas Prices
The energy company joined BP in flagging that weaker prices would weigh on results. Shell said earlier it anticipated a hit from weaker performance in its core integrated gas division.
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Energy & Utilities Roundup: Market Talk
Find insight on U.S. diesel futures, ChampionX, and more in the latest Market Talks covering Energy and Utilities.
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OPEC Expects Progress on Trade, Holds Oil-Demand Outlook Steady
The Organization of the Petroleum Exporting Countries said it anticipates an easing of global trade tensions in the coming weeks and kept its oil-demand forecast unchanged as it continues to ramp up output.
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BP Flags Hit From Lower Oil, Gas Prices but Expects Production Rebound
The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to rise quarter-on-quarter.
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Global Oil Supply to Rise Faster Than Expected, IEA Says
Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors are tightening the market in the short term.
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Trump's Executive Order Forms New Clouds Over Renewable Energy
An executive order President Trump issued this week created fresh uncertainties for renewable-energy investors, including private-equity firms, only days after the passage of his tax-and-spending bill encouraged developers to start new projects within the next year.
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Venezuela's Disputed Bond Complicates Citgo Sale
Holders of some $1.7 billion in Venezuelan bonds seek to derail Citgo's latest bidder.
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Oil Age Is Far From Over, OPEC Says
The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century and that there is no peak in sight.
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Orsted Secures $3 Billion Financing for Taiwan Wind Farm
The renewable-energy company said it has secured a project-finance package with 25 banks and five export credit agencies for the Greater Changhua 2 wind farm.
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Tight Diesel Supplies Threaten To Raise Transport, Heating Costs
A shortage of diesel fuel threatens to raise transport and heating costs next winter.
(END) Dow Jones Newswires
July 16, 2025 16:00 ET (20:00 GMT)
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