Eni, Mercuria to Establish Commodities Trading Joint Venture
The Italian oil-and-gas major said the joint venture with Swiss trading firm Mercuria will operate independently and trade commodities such as oil, gas, liquefied natural gas and biofuels.
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Oil posts largest quarterly price drop in 6 years as historic supply crunch eases
Workarounds to the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil supplies.
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KKR, SK to Jointly Launch $1.30 Billion Renewable-Energy Platform
The platform, said to be Korea's largest for renewable energy, will have around 1.7 gigawatts of capacity currently in operation and a development pipeline that would raise its total capacity to 10 gigawatts.
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BP's Deputy CEO to Retire Later in The Year
BP said its deputy chief executive, Carol Howle, plans to retire later this year, leaving new boss Meg O'Neill without a key lieutenant at a time when the energy major has been hit by management turmoil.
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Shell Warns Global LNG Supply Could Contract if Strait of Hormuz Disruption Continues
Continued disruption over the remainder of the year could result in a rare annual supply contraction, but the company expects a return to growth in 2027.
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KKR to Acquire EDF Power Solutions' North American Operations for $4.2 Billion
EDF power solutions' North American renewable energy business ranks among the top 10 U.S. renewable capacity owners and operates solar, wind and battery storage assets across the U.S. and Canada.
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Siemens Energy Shares Rise on Management Optimism
Shares jumped after the company reported high demand across gas services, and said order visibility remained high.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, energy demand and more in the latest Market Talks covering Energy and Utilities.
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Why Wall Street Thinks Cheap Oil Is Here to Stay
JPMorgan, Citi and other analysts are cutting long-term oil price forecasts as weaker demand outweighs lingering geopolitical risks in the Middle East.
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AI Data Centers Have Been Great for the Steel Industry. Now, a Power Crisis Looms.
Steelmakers have warned of competition for electricity from their newest big customer.
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The Nuclear Renaissance Is Missing One Key Ingredient
Utilities will have to buy in to the process if nuclear is going to get off the ground.
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Saudi Arabia Restarts Crude Loadings at Major Terminal
Two supertankers began loading crude Thursday at the terminal operated by Aramco after a nearly four-month halt, while another could also be preparing to load, according to Kpler.
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A world rejecting OPEC's control could usher in sub-$50-a-barrel oil prices
Iraq's hint that it, like the United Arab Emirates, might quit the oil cartel is the latest source of potential tumult for the global energy market in 2026.
(END) Dow Jones Newswires
July 01, 2026 04:00 ET (08:00 GMT)
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