Oil Market Faces Sizable Deficit in 3Q, Capital Economics Says
OPEC+'s decision to fully roll over voluntary output curbs for another quarter will push the oil market into a sizable deficit in the third quarter and send prices higher, Capital Economics said.
Macquarie Backs U.S. Solar-Energy Developer Sol Systems
The asset management arm of Macquarie Group is backing renewable-energy company Sol Systems with an $85 million debt investment, riding a wave of U.S. demand for green power.
OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices
The deal likely signals oil prices will remain elevated through the U.S. presidential election. .
New Zealand's Biggest Energy User Commits to Long Term
Rio Tinto announced new 20-year power supply deals that will keep Tiwai Point aluminum smelter operational long term, giving the hungriest energy consumer in New Zealand a new lease on life.
U.S. Crude Oil Stocks Fall More Than Expected
Oil stocks fell by 4.2 million barrels - a greater decline than was expected.
Big Oil Companies Will Just Keep Getting Bigger
ConocoPhillips is the latest to bulk up as investors pay up for size.
Oil prices could turn volatile if OPEC+ fails to extend production cuts this weekend
OPEC+ members have incentive to avoid drama this weekend when they decide whether to extend production cuts.
A New Way to Make Solar Panels Cheaper Outside China
The biggest investor in U.S. solar manufacturing is embracing a new technology that reduces the cost of producing the panels.
Brookfield in Talks for $6.59 Billion Deal for France's Neoen
Brookfield Asset Management is in talks to acquire France's Neoen in a deal that values the renewable-power producer's equity at $6.59 billion.
Exxon Wins Board Vote by Wide Margin
The company's 12 directors were reelected by an average of 95% of shareholders.
(END) Dow Jones Newswires
06-03-24 0715ET
