Crude Futures Hover Near Pre-War Levels
Oil futures were hovering around their pre-conflict level with the market still optimistic about continued flow of oil through the Strait of Hormuz as the U.S. and Iran seek a long-term peace agreement.
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OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering
The fifth consecutive increase comes as the cartel continues to unwind production cuts introduced in recent years.
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AI Data Centers Use Far More Water Than Most Tech Giants Report
Water used at the power plants that supply electricity to data centers can be much greater than the water used in the data centers themselves.
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Canada, Alberta Agree to Back New Crude Pipeline to Pacific Coast
The move is another sign of Prime Minister Mark Carney’s bid to position Canada as an energy-exporting superpower.
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AI Is Straining Big Tech’s Climate Goals
Google and Amazon are seeing spikes in carbon emissions as they build data centers.
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Summer Driving Season Is Here, and More Americans Than Ever Are Hitting the Road
Prices at the pump are still elevated, but pressure is easing, leaving more money to spend on road-trip fun.
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The ‘Five Alarm’ Risks Facing the Power Grid This Summer
High temperatures, new AI data centers and drought conditions pose challenges to the electricity system.
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U.S. Crude Oil Inventories Extend Decline
Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.8 million barrels to 408.4 million barrels in the week ended June 26, and were about 7% below the five-year average for the time of year, the EIA said.
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National Grid to Invest $1.75 Billion in Joulent in U.S. Energy Push
National Grid will get a 35% stake in Joulent, which is developing contracted power generation and high-voltage infrastructure for U.S. customers that require substantial amounts of power.
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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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Small-Engine Makers Gain Big Momentum in Data Centers
For data centers looking for off-grid power, small engines are cheap and readily available.
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Energy & Utilities Roundup: Market Talk
Find insight on Sembcorp Industries and more in the latest Market Talks covering energy and utilities.
(END) Dow Jones Newswires
July 06, 2026 11:15 ET (15:15 GMT)
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