Dow Jones Top Energy Headlines at 7 AM ET: Oil Falls as OPEC+ Output Hike Report Fuels Oversupply Fears | BP ...

Dow Jones
2025/09/29

Oil Falls as OPEC+ Output Hike Report Fuels Oversupply Fears

Oil prices fell on fears of an supply glut fueled by reports that OPEC+ might increase production, and that Kurdistan resumed crude exports via Turkey.

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BP Approves $5 Billion Tiber-Guadalupe Project in Gulf of Mexico

The 100% owned platform, its second in the region in less than two years, will be the company's seventh oil and gas production hub in the Gulf of Mexico.

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TotalEnergies Sells 50% Stake in North American Solar Assets to KKR

The deal values the portfolio at $1.25 billion including debt and the French energy major said would get $950 million upon the closing of the sale.

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EIG Accelerates Investing While Expanding LNG Operator MidOcean

EIG-backed MidOcean recently agreed with another energy-infrastructure company to build a $13 billion LNG plant in Louisiana.

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Italy Fines Oil Companies $1.1 Billion in Price-Fixing Probe

The Italian regulator closed its investigation into the country's most important oil operators, saying that some coordinated to set the value of the bio component factored into prices.

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Fermi IPO Offers a Chance to Own a 'Donald J. Trump Generating Plant.' What to Know About the Stock.

By 2038, the company expects to be able to generate 11 gigawatts of power-more than five times as much as the Hoover Dam.

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Higher Electricity Prices Aren't All Good for Utilities

Utility bills are catching the attention of politicians. That should concern utility investors.

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U.S. Crude Oil Inventories Post Weekly Decline

U.S. crude oil inventories fell by 607,000 barrels last week along with declines in product stocks , according to data released Wednesday by the U.S. Energy Information Administration.

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Norway's Oil Fund to Buy Stake in TenneT Germany for $5.3 Billion

Norges Bank Investment Management has agreed to purchase a 21.8% stake in the German electricity transmission system operator.

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New Reporting Program Gives Companies a Platform to Highlight Emissions-Cutting Efforts

More than a dozen firms are piloting a way to report their carbon-reduction work to a newly formed environmental task force.

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Orsted Can Restart Construction of U.S. Offshore Wind Farm, Court Says

The decision allows Orsted to resume work on the Revolution Wind project off the coast of Rhode Island while its lawsuit challenging the government's stop-work order continues.

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Ukraine Is Upending the Global Oil Market. Here's Who Benefits.

Drone attacks on Russian refineries are curbing output. Sizing up the impact on U.S. refiners.

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The U.S. Is Forfeiting the Clean-Energy Race to China

As President Trump doubles down on fossil fuels, the U.S. and China offer competing visions for the future of energy.

 

(END) Dow Jones Newswires

September 29, 2025 07:00 ET (11:00 GMT)

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