Dow Jones Top Energy Headlines at 11 AM ET: Oil Tests Pre-War Levels on Optimism Over Hormuz, Talks | Energy ...

Oil Tests Pre-War Levels on Optimism Over Hormuz, Talks

Oil futures fell and were trading around their pre-conflict levels as traffic flows through the Strait of Hormuz and the U.S.-Iran negotiation process continues.

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Energy & Utilities Roundup: Market Talk

Find insight on Repsol, National Grid Woodside Energy and more in the latest Market Talks covering energy and utilities.

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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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Oil Futures Extend Decline on Supply Optimism

Crude futures posted back-to-back losses as ships moved through the Strait of Hormuz while the U.S. and Iran continued talks though mediators.

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Energy & Utilities Roundup: Market Talk

Find insight on crude futures, BP, Amplitude Energy and more in the latest Market Talks covering Energy and Utilities.

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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.

(END) Dow Jones Newswires

July 02, 2026 11:15 ET (15:15 GMT)