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…
Brent to Trade Above $95 for Next Two Months on Iran War, EIA Says
By , and HOUSTON, March 10 (Reuters) – Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies,…
Higher Gasoline Prices, Volatile Stocks, Could Hit Both Low- And High-Income US Consumers as War Persists
By Gas prices rise, stocks volatile amid US-Iran conflict Lower-income households may cut spending, affecting businesses Fed faces challenge balancing inflation and growth amid conflict WASHINGTON, March 10 (Reuters) –…
Exxon Looks to Ditch New Jersey Incorporation for Texas Homecoming
Summary Exxon is latest high-profile company moving to Texas for business-friendly environment New Jersey sued Exxon and others over climate change; suit dismissed Incorporation in Texas may aid Exxon in…
Oil Sinks 7% as Trump Predicts Middle East De-Escalation
Summary Oil prices fall after topping $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge…
