Energy Declines With Oil as Traders Slough off EU-Russia Sanctions - Energy Roundup

Dow Jones2025-07-19

Shares of energy companies fell alongside oil futures, as concerns about oversupply persisted.

Oil slipped, snapping a two-week winning streak.

Prices initially rose Friday after a report that the European Union was tightening sanctions against Russia, but fell back as traders pondered the problems of enforcement.

Hess shares rose after an arbitration panel dismissed Exxon Mobil's claim that the oil producer was contractually obliged to give Exxon a chance to buy its crown jewel, the oilfields off the coast of Guyana, clearing the way for Chevron to close its $53 billion Hess acquisition.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

July 18, 2025 17:15 ET (21:15 GMT)

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