Dow Jones Top Energy Headlines at 7 AM ET: Saudi Arabia Cuts Flagship Oil Price to Asia for Fourth Straight Month | Orsted ...

Dow Jones
Feb 06

Saudi Arabia Cuts Flagship Oil Price to Asia for Fourth Straight Month

The reduction signals further caution as concerns that global supply will outstrip demand continue to weigh on markets.

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Orsted Shares Rise After Guidance Confirmation Despite Blow From U.S. Disruption

The company confirmed earnings guidance for the next two years despite hefty impairments and U.S. tariff costs hitting its bottom line in 2025.

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Oil on Track for First Decline in Weeks, With Focus on U.S.-Iran Talks

Oil prices edged higher in early trading but were on track for their first weekly decline in several weeks, as markets focus on upcoming talks between the U.S. and Iran.

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Carbon Removal Startup Terradot Acquires Eion as Market Consolidates

Google-backed carbon-removal startup Terradot is acquiring Eion, a similar but smaller venture, in a sign the market for companies that focus on technical solutions to decarbonization is consolidating.

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Bitter Cold Tested the Electric Grid. Nuclear and Batteries Came Through.

It is also clear that reliability concerns are growing, and will only get worse as more AI data centers hook into the system.

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ConocoPhillips Posts Weaker Profit on Lower Prices

ConocoPhillips' fourth-quarter earnings fell, hurt by lower prices that were slightly offset by higher production.

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Shell Keeps $3.5 Billion Buyback Despite Slide in Earnings

Adjusted earnings fell to $3.26 billion from $5.43 billion in the preceding quarter.

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Vestas Shares Slide After Mixed Earnings Report

The company reported adjusted earnings before interest and taxes of €580 million in the fourth quarter, shy of analyst expectations.

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Peloton CFO Coddington Leaving for Solar-Energy Company Palmetto

In her new role, Coddington said she plans to strengthen Palmetto's profit metrics, improve working capital and tighten financial controls.

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Oil Settles Lower With Focus on U.S.-Iran Talks

Oil futures gave back gains from the previous session on lower risk premium with talks between the U.S. and Iran set to take place Friday in Oman.

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U.S. Natural Gas Futures Settle Higher

U.S. natural gas futures posted modest gains as the market digested a record 360 Bcf storage withdrawal for last week, although the report came in at the low end of expectations.

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Energy & Utilities Roundup: Market Talk

Find insight on oil futures, Shell and more in the latest Market Talks covering Energy and Utilities.

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The $100 Billion Bet on Venezuelan Oil Relies on a Broken State Company

Foreign energy companies are facing a legal minefield dealing with PdVSA, which has long been accused of corruption.

 

(END) Dow Jones Newswires

February 06, 2026 07:00 ET (12:00 GMT)

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