News Highlights: Top Energy News of the Day - Thursday at 4 PM ET

Oil futures settle at fresh 7-week highs as U.S. crude and gasoline supplies decline 
 

Oil futures climbed on Thursday to settle at fresh seven-week highs on the back of weekly declines in U.S. crude and gasoline inventories, as rising geopolitical tensions lifted concerns about disruptions to global supply chains.

 
BP to Take Control of Brazilian Biofuels JV in $1.4 Billion Deal 
 

BP is taking full control of its Brazilian biofuels joint venture, BP Bunge Bioenergia, with the acquisition of its partner's 50% shareholding, as part of its plan to focus on new biofuels projects.

 
It's Going to Cost More to Stay Cool This Summer 
 

Record-breaking temperatures and higher natural-gas prices are lifting electricity bills.

 
Carlyle Expands Energy Assets With Energean Portfolio Buy 
 

Private-equity firm Carlyle Group is expanding its exploration and production assets with the acquisition of operations in Italy, Egypt and Croatia from Energean for up to $945 million.

 
Energy & Utilities Roundup: Market Talk 
 

Find insight on Shell's planned acquisition of Pavilion Energy, China Resources Power, Dyna-Mac Holdings and more in the latest Market Talks covering the Energy & Utilities sector.

 
Exxon Lawsuit Against Activist Shareholders Thrown Out 
 

A federal judge said he was prevented from weighing in on a heated battle between the oil giant and a sustainability-focused investment firm.

 
Solar Energy Faces Cloudy Prospects on Warehouse Rooftops 
 

Installations are growing, but experts say the benefits of solar panels on rooftops come with significant costs.

 
Biden's Tough-on-China Stance Threatens Green America Push 
 

The president tries to balance building clean-energy industries in the U.S. and curbing Chinese imports such as batteries and solar-panel parts.

 
Wind Energy Is Starting to Revive. The Election Could Throw a Wrench in the Works. 
 

New turbines are popping up offshore and on land. High interest rates and local opposition have been a drag on projects for several years.

 
Oil M&A Stays Hot. Here's Who's Still Making Deals. 
 

The big players in oil and gas like ExxonMobil are getting bigger, because of major acquisitions they've made over the past year. Now the smaller players are bulking up, too.

(END) Dow Jones Newswires

June 20, 2024 16:15 ET (20:15 GMT)

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