Energy Declines on OPEC+ Trepidation - Energy Roundup

Dow Jones
Jul 04, 2025

Shares of energy companies was more or less flat as oil futures fell ahead of an OPEC+ meeting in Vienna. The cartel is almost certain to increase production caps.

The price of oil has been under pressure as the shock of the brief Israeli-Iran war wears off.

President Trump spoke with Russian President Vladimir Putin over the phone on Thursday, in the two leaders' first conversation since the U.S. paused a series of weapons shipments for Ukraine, but Putin reportedly vowed to keep fighting in Ukraine.

Natural gas futures fell after a surprisingly large buildup in U.S. stockpiles.

The tax-and-spending bill that passed Congress will expand drilling opportunities for oil-and-gas companies and cut royalty expenses, said analysts at brokerage Jefferies.

 

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

July 03, 2025 17:11 ET (21:11 GMT)

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

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10