Mexico's Pemex to Trim Costs With Restructuring-Related Job Cuts

Pemex is the world's most heavily indebted oil company, with debt of $101 billion at the end of the first quarter.

----

Clean-Energy Investment Set to Double Fossil Fuel Financing in 2025

Around $3.3 trillion will flow into the energy sector in 2025 and around $2.2 trillion of that will go to renewable and nuclear energy, energy storage, low-emission fuels, efficiency and electrification, the International Energy Agency said.

----

Senate pushes Russia tariffs that could jack up energy prices for American consumers

Americans may soon feel the pinch at the pump and on their utility bills, even as the Trump administration and congressional Republicans remain laser focused on boosting U.S. energy production.

----

Oil Futures Down Despite Big U.S. Stockpile Draw

Oil futures gave back some of this week's gains in a volatile session. WTI settled down 0.9%, and Brent fell 1.2%.

----

U.S. Crude Oil Stockpiles Fall More Than Expected

U.S. crude oil inventories fell by 4.3 million barrels, more than the estimated drop of 1.3 million barrels.

----

Saudi Arabia Trims Flagship Oil Selling Price to Asia

Saudi Arabia lowered the July price of its Arab Light crude for Asian buyers after OPEC+ decided to accelerate output hikes.

----

Meta Signs Nuclear Power Deal to Fuel Its AI Ambitions

The tech giant will buy the power generation of an Illinois nuclear plant under a deal with Constellation Energy.

----

Energy & Utilities Roundup: Market Talk

Find insight on Brookfield Renewable Partners, Repsol, Seatrium, and more in the latest Market Talks covering Energy and Utilities.

----

Viper Energy to Acquire Sitio Royalties in $4.1 Billion Stock Deal

Viper Energy will acquire Sitio Royalties in an all-stock deal valued at $4.1 billion, including debt.

----

Why Trump's Nuclear Plans Have So Far Failed to Boost Uranium Prices

Plans for a U.S. nuclear-power revival have excited uranium investors, stoking demand for shares in companies that produce the fuel.

----

Energy & Utilities Roundup: Market Talk

Find insight on oil futures, Canada's uranium producers, Galp's Mopane discovery off Namibia and more in the latest Market Talks covering energy and utilities.

----

U.S. Proposes Lifting Oil and Gas Development Curbs at Alaska Reserve

The Interior Department is seeking to rescind 2024 restrictions.

----

Why oil's rally after Russia's 'Pearl Harbor' moment may be short-lived

Ukraine's audacious attack on Russian airfields sent a shockwave through the oil market, but analysts doubt the rally will last as OPEC+ accelerates production hikes.

(END) Dow Jones Newswires

June 05, 2025 07:00 ET (11:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.