Oil Futures Rise Despite OPEC+ Production Hike

Oil futures rose after the expected increase in OPEC+ production quotas came in lower than traders forecast.

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Ardian’s Energia Deal Valued Around $3 Billion

The private-equity firm agreed to buy the Irish power supplier with a strong renewables portfolio and a track record in data centers.

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Ukraine’s New Strategy for Keeping the Lights On Through a Winter of War

Top-secret sites house rows of batteries designed to support the country’s power grid during bombardments.

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How China Secretly Pays Iran for Oil and Avoids U.S. Sanctions

A hidden funding conduit has deepened economic ties between the two U.S. rivals in defiance of Washington’s efforts to isolate Tehran.

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OPEC and Allies Agree to Boost Oil Production

The Organization of the Petroleum Exporting Countries wants to regain market share lost to U.S. shale producers, Brazil and Guyana.

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Fire at Chevron’s El Segundo Refinery in Los Angeles Is Extinguished

Oil prices rose in part on news of the fire at the refinery, one of the largest on the West Coast.

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Warren Buffett’s Berkshire Comes to the Aid of Occidental Petroleum-Again

Berkshire’s $9.7 billion buy of Occidental’s petrochemicals business will allow the company to reduce debt and focus on fossil fuels.

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Berkshire Hathaway to Buy Occidental’s Petrochemical Unit for $9.7 Billion

Warren Buffett’s Berkshire Hathaway said it will buy Occidental Petroleum’s petrochemical business for $9.7 billion in cash.

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BP’s New Chairman Calls for Urgency in Push to Simplify the Business

Albert Manifold’s message signaled more asset sales as it attempts to shore up its balance sheet while boosting valuations for shareholders.

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U.S. Crude Oil Inventories Climb While Production Slips

U.S. inventories of crude oil grew by 1.8 million barrels from last week, well more than expected by analysts surveyed by The Wall Street Journal.

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Excelerate Energy to Build LNG Import Terminal in Iraq

Excelerate Energy has received an award from Iraq to develop an integrated floating liquefied natural-gas import terminal, which will allow the country to import LNG to support domestic power generation.

(END) Dow Jones Newswires

October 06, 2025 16:15 ET (20:15 GMT)

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