--- title: "Dow Jones Top Energy Headlines at 12 AM ET: OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering | AI ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/291753349.md" description: "OPEC and allies increased output for the fifth consecutive time as Hormuz traffic recovers, driving oil futures lower. Meanwhile, AI data centers are straining water resources and climate goals, while small engines gain momentum for off-grid power. In corporate news, National Grid invested $1.75B in Joulent, Eni and Mercuria formed a trading JV, and KKR launched a $1.3B renewable platform. BP's deputy CEO announced retirement." datetime: "2026-07-06T04:27:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291753349.md) - [en](https://longbridge.com/en/news/291753349.md) - [zh-HK](https://longbridge.com/zh-HK/news/291753349.md) --- # Dow Jones Top Energy Headlines at 12 AM ET: OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering | AI ... OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering The fifth consecutive increase comes as the cartel continues to unwind production cuts introduced in recent years. \---- AI Data Centers Use Far More Water Than Most Tech Giants Report Water used at the power plants that supply electricity to data centers can be much greater than the water used in the data centers themselves. \---- Canada, Alberta Agree to Back New Crude Pipeline to Pacific Coast The move is another sign of Prime Minister Mark Carney's bid to position Canada as an energy-exporting superpower. \---- AI Is Straining Big Tech's Climate Goals Google and Amazon are seeing spikes in carbon emissions as they build data centers. \---- Summer Driving Season Is Here, and More Americans Than Ever Are Hitting the Road Prices at the pump are still elevated, but pressure is easing, leaving more money to spend on road-trip fun. \---- The 'Five Alarm' Risks Facing the Power Grid This Summer High temperatures, new AI data centers and drought conditions pose challenges to the electricity system. \---- Energy & Utilities Roundup: Market Talk Find insight on Sembcorp Industries and more in the latest Market Talks covering energy and utilities. \---- U.S. Crude Oil Inventories Extend Decline Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.8 million barrels to 408.4 million barrels in the week ended June 26, and were about 7% below the five-year average for the time of year, the EIA said. \---- National Grid to Invest $1.75 Billion in Joulent in U.S. Energy Push National Grid will get a 35% stake in Joulent, which is developing contracted power generation and high-voltage infrastructure for U.S. customers that require substantial amounts of power. \---- Eni, Mercuria to Establish Commodities Trading Joint Venture The Italian oil-and-gas major said the joint venture with Swiss trading firm Mercuria will operate independently and trade commodities such as oil, gas, liquefied natural gas and biofuels. \---- Small-Engine Makers Gain Big Momentum in Data Centers For data centers looking for off-grid power, small engines are cheap and readily available. \---- Oil Futures Extend Decline on Supply Optimism Crude futures posted back-to-back losses as ships moved through the Strait of Hormuz while the U.S. and Iran continued talks though mediators. \---- Energy & Utilities Roundup: Market Talk Find insight on crude futures, BP, Amplitude Energy and more in the latest Market Talks covering Energy and Utilities. \---- KKR, SK to Jointly Launch $1.30 Billion Renewable-Energy Platform The platform, said to be Korea's largest for renewable energy, will have around 1.7 gigawatts of capacity currently in operation and a development pipeline that would raise its total capacity to 10 gigawatts. \---- BP's Deputy CEO to Retire Later in The Year BP said its deputy chief executive, Carol Howle, plans to retire later this year, leaving new boss Meg O'Neill without a key lieutenant at a time when the energy major has been hit by management turmoil. (END) Dow Jones Newswires July 06, 2026 00:15 ET (04:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [NGG.US](https://longbridge.com/en/quote/NGG.US.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) - [E.US](https://longbridge.com/en/quote/E.US.md) - [BP.US](https://longbridge.com/en/quote/BP.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [7347.JP](https://longbridge.com/en/quote/7347.JP.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [03097.HK](https://longbridge.com/en/quote/03097.HK.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [U96.SG](https://longbridge.com/en/quote/U96.SG.md) - [NG.UK](https://longbridge.com/en/quote/NG.UK.md) - [EIPAF.US](https://longbridge.com/en/quote/EIPAF.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) ## Related News & Research - [WRAPUP 1-Oil price rises after Iran says it stops ships in Hormuz](https://longbridge.com/en/news/294534351.md) - [National Grid Simplifies Its Operating Model](https://longbridge.com/en/news/294649543.md) - [KKR closes $19.2 billion infrastructure fund for North America, Europe](https://longbridge.com/en/news/294708723.md) - [Eni executive Erika Mandraffino sells 3,328 ordinary shares for EUR 79,436.40](https://longbridge.com/en/news/294785707.md) - [Eni increases buyback as second-quarter profit hits 3-yr high](https://longbridge.com/en/news/294165478.md)