COMMENTARY: Historic Oil Reserve Release is Only a Band-Aid on a Gaping Supply Shock
By LONDON, March 11 (Reuters) – The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating…
US Gasoline Prices Surpass $3.50 a Gallon at the Pumps as Iran War Rages On
The national average retail price of gasoline crossed $3.50 a gallon this week to hit its highest since May 2024, data from price tracking services AAA and GasBuddy showed, as…
Trump Announces New US Refinery Backed By India’s Reliance
By and India’s Reliance to invest in refinery, buy output Deal likely to reduce trade deficit with India Fuel prices spike as US, Israel attack Iran HOUSTON, March 10 (Reuters)…
COMMENTARY: Iran War Shatters Trump’s Case for Fossil Fuels
By LONDON, March 11 (Reuters) – The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years – first with Russia’s…
COMMENTARY: The Dangerous Politics of US Oil-Driven Redistribution
By LONDON, March 11 (Reuters) – U.S. stock market indexes have weathered this month’s oil shock well so far because investors expect only a glancing overall GDP hit from higher…
IEA Proposes Largest Ever Oil Release From Strategic Reserves, WSJ Reports
The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran,…
SLB Provides Update on Middle East Operations and First Quarter Outlook
HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) continues to closely monitor the unfolding situation in the Middle East and adapt its operations. The safety and security of SLB’s employees is the highest priority,…
Oil Shrugs Potential IEA Reserves Release, Gains on Supply Worries
Summary WSJ reports IEA proposed largest-ever release of oil reserves France to host G7 leaders call on Wednesday U.S. crude, gasoline and distillate stocks fell last week March 11 (Reuters)…
Chevron, Shell Closing in on First Big Oil Production Deals in Venezuela Since US Captured Maduro
(Reuters) – International oil majors Chevron and Shell are closing in on the first big oil production deals with Venezuela since the U.S. capture of President Nicolas Maduro in January,…
US Natgas Output to Hit Record High in 2026, While Demand Declines, EIA Says
(Reuters) – U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its short-term energy outlook on…
