Crude Futures Post Back-to-Back Weekly Gains
Oil futures posted gains for a second straight week as the market shrugged off higher OPEC+ production plans, a second large weekly build in U.S. crude oil stocks and the return of U.S. tariff wars to traders' radars.
----
BP Flags Hit From Lower Oil, Gas Prices but Expects Production Rebound
The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to rise quarter-on-quarter.
----
Global Oil Supply to Rise Faster Than Expected, IEA Says
Supply is set to rise three times faster than demand this year, the International Energy Agency said, though seasonal factors are tightening the market in the short term.
----
Trump's Executive Order Forms New Clouds Over Renewable Energy
An executive order President Trump issued this week created fresh uncertainties for renewable-energy investors, including private-equity firms, only days after the passage of his tax-and-spending bill encouraged developers to start new projects within the next year.
----
Energy & Utilities Roundup: Market Talk
Find insight on oil futures, the U.S. oil rig count, and more in the latest Market Talks covering Energy and Utilities.
----
Venezuela's Disputed Bond Complicates Citgo Sale
Holders of some $1.7 billion in Venezuelan bonds seek to derail Citgo's latest bidder.
----
Oil Age Is Far From Over, OPEC Says
The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century and that there is no peak in sight.
----
Orsted Secures $3 Billion Financing for Taiwan Wind Farm
The renewable-energy company said it has secured a project-finance package with 25 banks and five export credit agencies for the Greater Changhua 2 wind farm.
----
Tight Diesel Supplies Threaten To Raise Transport, Heating Costs
A shortage of diesel fuel threatens to raise transport and heating costs next winter.
----
U.S. Crude Oil Stockpiles Post Second Straight Weekly Build
U.S. crude oil inventories rose last week by 7.1 million barrels for a second consecutive build, while gasoline stocks fell as demand picked up ahead of the Independence Day holiday.
----
Exxon just warned Wall Street of billion-dollar profit hits. Here's what may cause it.
Exxon flags potential hit in profit just as OPEC and allies announce larger production increases.
----
Why Oil Drillers Are Investing Big in South America
Brazil, Guyana and Argentina are driving a fast-growing share of global oil output.
(END) Dow Jones Newswires
July 14, 2025 00:00 ET (04:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.