Oil Prices Mixed; May Be Buoyed Amid Deadlock in U.S.-Iran Talks
Oil prices were mixed in early trade, but may be buoyed amid a deadlock in U.S.-Iran talks to reopen the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported.
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This Sprawling Chinese Refinery Is Bankrolling Tehran
Hengli is accused by the U.S. of being a major importer of illicit Iranian crude; the Chinese petrochemical company denies trading with Iran.
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BP, XRG Partner on Venezuelan Offshore Gas Development as Oil Majors Tentatively Return
The companies received an exploration and production license that could give them access to an estimated 4 trillion cubic feet of recoverable gas.
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Oil Futures Post Weekly Gains As Hormuz Standoff Drags On
Oil futures ended the week higher as the situation in the Strait of Hormuz remained unresolved with the U.S. and Iran both saying they have control over the waterway.
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Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
The startup, which went public in a splashy IPO last year, also named a new CEO following months of legal and C-suite turmoil.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures ,E.ON, Korea Electric Power and more in the latest Market Talks covering energy and utilities.
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Elon Musk, the World's Most Famous EV Pioneer, Leans Into Fossil Fuels
SpaceX is planning a Texas natural gas plant to power a new chip facility, while gas turbines are already being used for campuses in Tennessee and Mississippi.
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AI's Biggest Energy Impact Might Be in the Oil Patch, Not the Data Center
Plus: China's surging clean-tech exports, lithium-free batteries, Strategic Petroleum Reserve shrinks below 300 million barrels.
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Orsted Says All Projects on Schedule After Impairments Hit Profit
Higher taxes and increases in long-dated U.S. interest rates-as well as last year's gains on asset sales-hurt profit.
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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
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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.
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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.
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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.
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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.