Oil Futures Little Changed as Talks Appear at Standstill
Oil futures ended little changed in cautious trading with the market still focused on the Strait of Hormuz.
----
U.S. Crude Oil Stockpiles Post Unexpected Build
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 17.4 million barrels to 424.4 million barrels in the week ended Aug. 7 and were about 2% below the five-year average for the time of year, the EIA said
----
OPEC Cuts Oil-Demand Forecast Again as Hormuz Talks Stall
The Organization of the Petroleum Exporting Countries again cut its forecast for global oil-demand growth for this year, as stalled talks to reopen the critical Strait of Hormuz waterway and risks in the Red Sea prolong disruptions to global supplies.
----
Energy Startup Raises $750 Million for Rust-Powered Batteries
Form Energy's fundraising has surpassed $2 billion for batteries that can continuously run for 100 hours.
----
Vestas Wind Systems Shares Jump on Earnings Growth, Margin Upgrade
The wind-turbine maker posted higher second-quarter earnings and improving profitability, enabling the company to increase its full-year margin guidance.
----
Energy & Utilities Roundup: Market Talk
Find insight on U.S. commercial crude oil stockpiles, E.ON, Channel Infrastructure and more in the latest Market Talks covering energy and utilities.
----
An Oil Refiner That Fled California Is Back-With a Giant Pipeline From Texas
Phillips 66's 900-mile pipeline will carry gasoline, diesel and jet fuel from the Texas Panhandle to Phoenix and Los Angeles.
----
Why the Real Oil Squeeze Is Happening in Refineries
The Iran war, Ukrainian attacks on Russia and China's fuel export restrictions have taken millions of barrels of refined products off global markets and left customers scrambling to locate alternative supplies.
----
U.A.E.'s Adnoc Gas to Invest More Than $8 Billion in Expansion Push
An exit from OPEC earlier this year freed state-owned Adnoc of the cartel's restrictions.
----
The Incredible Shrinking BP May Be Just What Investors Need
CEO Meg O'Neill has made clear that the company's future will be about downsizing
----
China-Free Batteries Made From Salt Are Finally Here
Sodium-ion batteries have almost none of the problems that lithium-ion ones do, and could be cheap enough to make fossil-fuel dependence a thing of the past.
----
'Refine, Baby, Refine' Is the Energy Industry's New Mantra
America's fuel-makers are maxed out as they try to fill in the gaps of the global fuel supply crunch.