Can OPEC+ flood the world with crude? It's harder than oil traders think.

A portfolio manager pointed out a "unique" market development that could already be helping to tighten global crude inventories, even as major oil producers look to boost output for a fifth straight month.

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Google Signs Deal to Buy Fusion Energy From Bill Gates-Backed Nuclear Startup

The tech giant is betting that Commonwealth Fusion Systems could start producing fusion power next decade.

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Canada Loads First Ever LNG Cargo to Asia

LNG's role in Asia's energy mix looks set to keep growing as countries turn to the lower-carbon fuel to meet their green energy goals.

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Wall Street Banks Nudge Oil Price Forecast Higher But Outlook Stays Bearish

Major Wall Street banks modestly lifted their oil-price forecasts after geopolitical risks flared in the Middle East, but concerns over a global supply glut and uncertain demand prospects continue to weigh on crude.

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Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar

Elon Musk calls the Senate's latest version of the spending bill 'utterly insane and destructive.'

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The Oil Tycoon and the Philosopher Threatening Big Oil's Bet on Carbon Capture

The fraught politics of carbon capture are dividing the oil industry.

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Shell in Early Talks to Acquire Rival BP

A deal would be a landmark combination of two supermajor oil companies. Shell issued a formal stock exchange denial of takeover talks.

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Trump Goes to Bat for Big Oil on Climate Rules in EU Trade Talks

The administration is targeting key EU greenhouse-gas regulations in trade negotiations with Europe.

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Equinor and Partners to Invest Over $2 Billion in North Sea Oil and Gas Project

The energy major said the new subsea development at Farm Sor will mean more oil and gas can be supplied to Europe, bolstering energy security.

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I Grilled Steaks to Explain the Mysterious Energy Suck of AI

From your laptop to a loud GPU cluster, AI prompts are a mysterious energy drain. Our columnist attempted to trace their journey-and their impact.

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AB Foods Plans to Close Northern England Biofuel Plant After U.S.-U.K. Trade Deal

The company said the commercial viability of Vivergo had been further undermined by the U.K.'s trade deal with the U.S., which allowed tariff-free U.S. ethanol into the U.K.

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Iberdrola Names U.S. Business Head Pedro Azagra as New Group CEO

The Spanish utility appoints a company veteran at the helm who most recently led its U.S. business Avangrid.

(END) Dow Jones Newswires

July 02, 2025 07:00 ET (11:00 GMT)

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