Fortescue to Rethink New U.S. Green-Energy Projects in Light of Trump
The Australian mining company is looking to buy established green-energy operations in the U.S. but will hold back on projects under development in light of President Trump's policies, the company's executive chairman said.
----
FTC Reopens Consent Orders for Proposed Acquisitions from Exxon Mobil, Chevron
The FTC has reopened an order involving Chevron's proposed acquisition of Hess, and another regarding Exxon Mobil's proposed purchase of Pioneer Natural Resources after its initial complaints failed to plead any antitrust law violation.
----
Oil Futures Snap Three-Day Losing Streak
Oil futures rebounded after three days of losses, supported by better-than-expected U.S. retail sales and a delayed response to yesterday's report of a 3.9 million barrel U.S. crude stock draw.
----
U.S. Natural Gas Little Changed As Weather Holds
U.S. natural gas futures ended a choppy session near flat as a storage report landed in line with expectations and near-term temperature forecasts remained hot but with little change.
----
Kinder Morgan Results Boosted by Natural Gas Demand
The Houston-based energy infrastructure company said its net income was driven by increased financial contributions from its natural gas pipelines and terminal business segments.
----
Santos Second-Quarter Output Rises as Takeover Campaign Continues
Santos reported a 1% rise in quarterly oil and natural gas production as it waits on a consortium led by Abu Dhabi's national oil company to firm up a $18.72 billion takeover bid.
----
Energy & Utilities Roundup: Market Talk
Find insight on oil futures, SSE and more in the latest Market Talks covering Energy and Utilities.
----
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.
----
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.
----
KKR-Backed Sol Systems Lines Up $675 Million in Bank Credit for Solar Projects
The new financing comes two weeks after U.S. tax changes that threaten sector investments.
----
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.
----
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.
----
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.
(END) Dow Jones Newswires
July 18, 2025 04:00 ET (08:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.