Oil Prices Surge Toward Weekly Gain as Trump's China Trip Fails to Reopen Hormuz
Both countries agreed that the Strait of Hormuz must remain open, according to a White House statement.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, CSE Global and more in the latest Market Talks covering Energy and Utilities.
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The World Is Burning Through Its Oil Safety Net
Global oil inventories have fallen at a record pace during the Iran war, and oil executives and analysts predict a reckoning within weeks if the Strait of Hormuz remains shut.
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Oil Prices Stay Stuck Despite 'Consensus' That Strait of Hormuz Will Reopen in June
Brent crude futures, the international standard, settled mostly flat at $105.72 a barrel.
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U.S. Natural Gas Futures Gain As Weather Warms
U.S. natural gas futures settled higher with a warmer weather outlook for the latter half of May seen lifting power-sector demand and a weekly inventory build landing in line with the norm.
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Canada, Alberta to Unveil Pipeline Pact Friday
Prime Minister Mark Carney said he will unveil an agreement with the oil-rich province of Alberta that sets the stage for federal support for a new crude-carrying pipeline.
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Canada Aims to Double Power-Grid Capacity By 2050
Canadian Prime Minister Mark Carney said the country needs to double the capacity of its electricity grid by 2050, a project with a trillion-dollar price tag but necessary to ensure the country's sovereignty and prosperity.
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Chevron to Sell Some Asia-Pacific Assets to Japan's Eneos for $2.17 Billion
Chevron has agreed to sell several Asia-Pacific refining and retail assets to Japan's Eneos for $2.17 billion, as it continues to streamline its international portfolio.
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Geothermal-Champion Fervo Energy's Shares Soar in Trading Debut
The IPO values the energy company, backed by Bill Gates and Google, at about $7.7 billion.
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Democrats Press Interior Chief on Wind and Solar Energy Hurdles
Doug Burgum says he doesn't think solar and wind power are secure or reliable enough energy sources, as Democrats criticize moves stalling projects amid an energy crisis.
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U.S. Crude Oil Inventories Post Third Straight Weekly Drop
U.S. crude oil inventories fell by 4.3 million barrels in the week ended May 8 and were about 0.3% below the five-year average for the time of year, the EIA said. Analysts expected a drop of 2.3 million barrels.
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OPEC Cuts Oil Demand Forecast As Hormuz Shock Pushes Output Lower
It now forecasts global oil-demand growth of 1.17 million barrels a day this year, from 1.38 million previously.
(END) Dow Jones Newswires
May 15, 2026 11:00 ET (15:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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