Saudi Aramco boss pulls out of major international energy conference due to Iran conflict, source says
Saudi Aramco Chief Executive Amin Nasser has cancelled his planned appearance at the CERAWeek energy conference in Houston to remain in Saudi Arabia because of the Iran conflict, an industry source…
CRUDE OIL’S CATCH-22: Pricing for Trump TACO Trade Makes it Less Likely: Russell
The crude oil futures markets are still largely pricing for an early resolution to the conflict in the Middle East that results in the full re-opening of the Strait of…
Iran to Completely Close Hormuz if Trump Executes Threats on Iranian Energy, Revolutionary Guards Say
Iran will completely shut the strategic Strait of Hormuz if U.S. President Trump executes threats to target Iranian energy facilities, the country’s Revolutionary Guards said in a statement on Sunday.…
Oil Prices Set to Rise Further on Monday as Mideast War Escalates
Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities,…
US Allows 30-Day Sale of Iran Oil at Sea in Bid to Tame Prices
The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven…
US Loans 45.2 Million Barrels of Strategic Reserve Oil in First Batch Since Iran War
The U.S. Energy Department said it had awarded contracts to loan 45.2 million barrels of crude oil from the Strategic Petroleum Reserve as of Friday. Companies that have been awarded…
Oil Jumps to Highest Settlement Since July 2022 as More Mideast Supply Disrupted
By US deploys more troops to Middle East, Trump comments on Iran Iraq declares force majeure on some oilfields Strait of Hormuz disruptions keep oil prices high, analysts say HOUSTON,…
CERAWeek Energy Conference Returns to Houston as Iran Conflict Rocks Global Energy Markets
(Reuters) – The world’s top energy executives return to Houston next week as the escalating U.S.-Israeli war on Iran has become a nightmare for energy markets, as unprecedented attacks on…
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker Hughes
By NEW YORK, March 20 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy…
North Dakota Operators Likely to Increase Crude Output in March, Regulator Says
(Reuters) – North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are…
