Top US Refiners See Profits Soar, Step Up Investor Rewards
By Nicole Jao Top refiners post combined second-quarter profit of $12.6 billion Capital returns to shareholders hit $6.3 billion in second quarter TD Cowen sees Marathon and Valero each repurchasing…
BofA to Plow $250 Billion Into Critical Infrastructure Projects
By Paula Seligson and Katherine Doherty Bank of America Corp. unveiled a $250 billion initiative to invest in critical infrastructure across the US over the next year, joining its peers…
U.S. Crude Inventories Rise by Most in 3.5 Years as Exports Slump
By Georgina Mccartney and Liz Hampton Crude inventories rise 17.4 million barrels to 424.4 million barrels, EIA says US crude exports fall to 3.06 million bpd, lowest since November 2025,…
Trump Says US Has ‘Total Control’ Over Strait of Hormuz
(Reuters) – U.S. President Donald Trump on Wednesday said the United States in is control of the Strait of Hormuz. “The U.S.A. has total control over the Strait of Hormuz.…
US to Offer 81 Million Acres in Gulf of Mexico Oil and Gas Lease Sale
(Reuters) – The Trump administration on Wednesday will offer more than 81 million acres (32.8 million hectares) in the Gulf of Mexico to oil and gas drillers as part of…
Virginia Data Center Boom Pushes Dominion Deeper Into Costly Power Market
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Fuel costs could lift average monthly bill as much as 13% to $195 from $173 Virginia Electric…
US Crude Stocks See Largest Weekly Rise in 3.5 Years, EIA Says
trta (Reuters) – U.S. crude stocks excluding barrels in the Strategic Petroleum Reserve posted a surprise build and made their largest weekly gain since January 2023 last week as exports…
US Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High Bids
(Reuters) – The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money…
US Fired on Panama-Flagged Ship That Tried to Break Blockade of Iranian Ports, WSJ Reports Citing US Official
(Reuters) – A U.S. military helicopter fired at the rudder of a Panama-flagged ship after its crew ignored warnings from personnel working to enforce a naval blockade on Iranian ports,…
US Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA Says
(Reuters) – U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, driven by AI-hungry data centers and electrification, the…
