US Crude Exports Hit Record High in May as Iran War Tightens Global Oil Supplies
(Reuters) – U.S. crude exports climbed to a record 5.6 million barrels per day in May as the Middle East crisis pushed up demand for the country’s oil from Asian…
Norway Strike Could Hit 600 Offshore Workers as Wage Talks Collapse
A potential strike over wages could threaten smooth operations offshore Norway, Western Europe’s top oil and gas producer, at a time when the world is scrambling for oil and gas…
Pakistan Inflation Accelerates to 11.7% on Oil and Gas Import Shock
The surge in international oil and gas prices amid the Iran war hiked Pakistan’s inflation to the highest level in two years as energy import costs ballooned. Pakistan’s general inflation…
Goldman Sachs Flags Demand Weakness as Key Risk to Oil Price Outlook
Goldman Sachs said late Sunday that weak oil demand in China and Europe poses a major downside risk to its fourth-quarter Brent crude forecast of $90 a barrel and WTI…
US Says it Struck Iranian Military Sites, Tehran Responds with Air Base Attack
The U.S. said it struck Iranian military sites at the weekend and Iran’s Revolutionary Guards said on Monday it had targeted a U.S. base in response, the latest exchange of…
Weatherford to Acquire Oilfield Tech Firm NCS Multistage
(Reuters) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford…
Iran is Stopping Message Exchanges With U.S., May Block Hormuz, Tasnim News Agency Says
(Reuters) – Iran’s Tasnim news agency said on Monday that Tehran’s negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as…
MANUFACTURED BACKLASH: How Big Green Astroturf Is Sabotaging North America’s AI Future – Tammy Nemeth & David Blackmon
Gainesville Data Center under construction in Prince William County, Viginia. Photo by Hugh Kenny, Piedmont Environmental Council. By Tammy Nemeth & David Blackmon Across rural Virginia, suburban Utah, and farm…
Oil Surges Over 7% as Iran Halts U.S. Talks and Threatens Total Hormuz Closure
UPDATED 10:20 EST, MONDAY JUNE 1ST: Oil prices exploded higher Monday, with U.S. crude leaping more than 7% after Iran’s state-affiliated media reported that Tehran is cutting off diplomatic channels…
BP Sells 5% Stake in Australia’s Newest $35 Billion LNG Project
BP will sell 5% in the $35-billion Browse LNG project in Australia, which Australian energy giant Woodside is looking to progress, the UK-based supermajor told Reuters on Monday. BP is…
