Oil Falls Further Ahead of OPEC+’s Sunday Meeting

Oil prices extended losses in afternoon trade, pressured by concerns over a looming supply glut as key OPEC+ members prepare to gather online Sunday and an unexpected rise in U.S. stockpiles last week.

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Orsted Cuts Guidance a Day After Initiating Legal Action Against Trump Administration

Lower wind speeds and a construction delay at the Greater Changhua 2b offshore wind farm in Taiwan will hurt earnings this year.

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Energy & Utilities Roundup: Market Talk

Find insight on Orsted and more in the latest Market Talks covering energy and utilities.

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U.S. Crude Oil Stockpiles Post Unexpected Increase

U.S. crude oil inventories rose by 2.4 million barrels last week. Analysts had predicted stockpiles would fall by 2 million barrels.

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Justice Department Sues Utility Over Southern California Fires

The suit seeks $77 million from Southern California Edison, alleging its negligence caused the deadly Eaton and Fairview fires.

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Gavin Newsom Has an $18 Billion Plan to Shore Up California’s Utilities. It Isn’t Enough.

PG&E and Edison need a durable wildfire backstop to be safe again for utility-stock investors.

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ConocoPhillips Is Latest U.S. Oil Producer to Announce Major Layoffs

The driller said it would cut up to a quarter of its workforce, or about 3,250 jobs.

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Trump’s Anti-Climate Crusade Puts Big Oil in Awkward Spot

Exxon, Chevron and Occidental have pledged to curb their emissions-and unveiled plans to spend billions of dollars on low-carbon technologies.

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Shell Abandons Netherlands Biofuels Facility Project

Shell took a $780 million impairment when it paused construction work at the energy and chemicals park which was expected to become one of the largest in Europe.

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Russia, China Close In on Pipeline Deal, Leaving Beijing With the Upper Hand

The two countries advanced plans for the long-delayed pipeline to funnel Russian fuel to China but left core terms unresolved, a sign of Beijing’s growing leverage.

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The Black Market for Oil Blunts Trump’s India Tariffs

The extra levy meant to punish New Delhi for buying cheap Russian crude isn’t going as expected.

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OPEC+ Set to Hold Output Steady as Oil Glut Anxiety Looms

Members of OPEC+ are set to meet Sunday to discuss production policy as the market braces for a global supply glut that is expected to pressure prices.

(END) Dow Jones Newswires

September 05, 2025 11:15 ET (15:15 GMT)

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