The rising oil import volumes from Venezuela to U.S. Gulf Coast refineries in the past six months were not enough to reduce American reliance on Canadian heavy crude, BP’s Chief Economist for the Americas Michael Cohen said on Wednesday at the Dow Jones Energy Forum.

Technology stocks rose on Wednesday as shares of SpaceX surged and focus shifted to Tesla and Meta earnings after the closing bell.

Rising electricity demand and delays in expanding power infrastructure are creating investment opportunities that can help ease grid constraints, David Foley, global head of Blackstone Energy Transition Partners, said Wednesday at the Dow Jones Energy Forum in New York City.

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U.K. policymakers need to “wake up” to the fact that oil and gas supplies will be needed to meet energy demand, the chairman of Ineos Energy said at the Dow Jones Energy Forum on Wednesday, with investment needed across all sectors of the industry.

Apollo Global Management will provide a “very large percentage” – between $50 billion and $75 billion – of its loan origination this year to the energy industry including artificial intelligence companies, Chief Executive Marc Rowan said on Wednesday at the Dow Jones Energy Forum.

Kuwait has idled some 600,000 b/d of refining capacity due to a lack of tankers willing to transit the Strait of Hormuz, the CEO of the country’s state oil company said Wednesday at the Dow Jones Energy Forum.

US equity futures indicated a positive start to Wednesday’s trading session, with investors responding to corporate earnings announcements and preparing for further financial updates from some of the country’s largest technology companies. The anticipated advance followed two sessions of gains in parts of the US market, although Tuesday’s trading ended with a mixed performance among the major indices.

US stock index futures pointed to a higher opening on Wednesday, suggesting Wall Street could extend its gains from recent sessions as investors assessed quarterly earnings reports and prepared for further results from major technology companies. Technology stocks were expected to contribute to the early advance, although individual companies recorded contrasting pre-market movements following their latest financial announcements.