Dow Jones Top Energy Headlines at 4 AM ET: Crude Oil Extends Losing Streak | U.S.

Crude Oil Extends Losing Streak

Crude oil futures fell 1% for the session, bringing their year-to-date losses to roughly 14%.

—-

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.

—-

Berkshire Hathaway Near $10 Billion Deal for Occidental’s Petrochemical Unit

Warren Buffett’s sprawling conglomerate could unveil its largest deal in years in the coming days.

—-

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.

—-

U.S. LNG Building Boom Could Play Out Poorly, Shell CEO Says

Companies are building many facilities at a time of rising supply-chain inflation.

—-

Big Oil Is Getting Leaner and Leaner

Exxon is the latest large oil company to announce job cuts as the industry continues to adapt to lower oil prices.

—-

AI power-generation and Trump play Fermi sees strong demand for its IPO

Fermi’s IPO priced on the high end of its expected range, and the stock started trading well above that price, as investors look to take part in a new AI – and Donald J. Trump – play.

—-

Energy & Utilities Roundup: Market Talk

Find insight on crude futures, U.S. lithium independence, the EIA and more in the latest Market Talks covering Energy and Utilities.

—-

From Defensive to Dynamic: Utilities Join the Year-End Rally. 3 Stocks With Enticing Charts

The sector has attracted attention lately and is set up for more gains.

—-

Offshore Wind Is a Mess. A Hedge Fund Sees the Perfect Time to Buy.

Under President Donald Trump, the outlook for almost every kind of renewable energy is bleak, but offshore wind is in the worst shape of all.

—-

Imperial Oil to Cut 20% of Workforce in Next Two Years

The job cuts, along with broader restructuring efforts, are expected to save $150 million a year by 2028, the Canadian oil company said.

—-

TotalEnergies to Cut Costs While Boosting Oil, Gas Output Through 2030

TotalEnergies said it will boost oil and gas production through 2030 while starting a $7.5 billion savings plan.

(END) Dow Jones Newswires

October 02, 2025 04:15 ET (08:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.