Oil Prices Fall as Traders Weigh Middle East Risks, Russian Diesel Supplies
Oil prices pulled back after three consecutive sessions of gains, but further downside might be limited by escalating tensions in the Middle East, constraining flows from the Persian Gulf.
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OPEC Cuts Demand Growth Forecast Again as Gulf Supply Risks Mount
The group of oil-rich countries raised its forecast for next year's demand growth driven in part by the need to replenish oil inventories.
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Europe Heads Into Winter With Low Gas Reserves, Uncertain Gulf Supplies
European natural-gas prices climbed to their highest level in nearly four years as escalating attacks in the Middle East threatened supplies and unusually low storage levels raised fears of a global scramble for LNG.
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'Phantom' Data Centers Are Demanding More From the Power Grid Than They Need
Utilities are imposing higher electricity rates and collateral requirements to identify legitimate data-center projects to better plan their own investments.
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BP's New CEO to Outline Strategy as Balance Sheet Strengthens
The company said it would update its strategy in December, giving new Chief Executive Meg O'Neill her first opportunity to outline her vision to investors.
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Russia Pounds Ukrainian Energy Despite Trump's Ceasefire Announcement
The Russian attacks, including on gas infrastructure, a power plant and a substation, come as the U.S. heaps pressure on Ukraine to stop striking Russian oil refineries.
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Why Trump's Diesel-Supply Deal With Russia Won't Ease Fuel Prices Much
Lawmakers on both sides of the aisle are questioning the agreement's legality.
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Adnoc Logistics in Talks to Buy Stake in HEA at $3 Billion Valuation
The move would bolster the U.A.E.'s footprint in offshore oil and gas services months after the country quit OPEC and vowed to aggressively scale up production.
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Anthropic Deal Report Gives IREN Stock Early Boost Before Gains Fade
Anthropic may well be the unnamed frontier AI lab that IREN said it had signed a cloud contract with when it reported fourth-quarter earnings.
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Trump Pushes Russia-Ukraine Energy Ceasefire as Export Deal Draws Criticism
A bipartisan group of senators is challenging his move to allow Russia to ship diesel to the U.S., citing a 2022 law.
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BP Curbs Production at Two Platforms in Gulf of Mexico Due to Hurricane Isaias
All personnel have been evacuated from BP's Na Kika and Thunder Horse platforms in the Gulf of Mexico as it prepares for Hurricane Isaias.
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American Oil Refiners Are Printing Money as Wars Shrink Global Energy Supplies
The earnings of independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to crush the near-record results of the June quarter.