Oil Prices up 1% as Iran Crisis Disrupts Middle East Supply
Summary Geopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources say (Reuters) – Oil prices rose about 1% on Wednesday as…
Trump Says US to Provide Insurance to All Maritime Trade in Gulf
(Reuters) – President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade,…
Investors, US Crude Producers Scramble to Lock in Oil Price Spike
Investors rushed to lock in a spike in oil prices this week, resulting in a record volume of energy futures and options contracts changing hands on Monday, the first trading…
US Considering Oil Tanker Insurance Support to Ease Middle East Crude Shipments, Sources Say
(Reuters) – President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the…
US Natural Gas Futures Leap 6% as Middle East Conflict Disrupts Global Supplies
(Reuters) – U.S. natural gas futures jumped about 6% to a two-week high on Tuesday on soaring oil and gas prices around the world as the U.S.-Israeli war against Iran…
Oil Prices Keep Climbing as Expanding Conflict Heightens Supply Risks
Summary Brent and WTI benchmarks gain more than $4 Vessels avoid Strait of Hormuz as freight rates soar Crude prices to remain elevated over coming days, say analysts (Reuters) –…
US LNG Exports Grew in February, New Output Could Help Fill Qatar Supply Gap
Reuters U.S. exports of liquefied natural gas rose more than 17% last month from a year earlier as Venture Global’s Plaquemines plant in Louisiana ramped up production and Cheniere brought…
How Have US Presidents Tapped the Strategic Petroleum Reserve During War?
(Reuters) – While the U.S. has no plans yet to sell oil from the Strategic Petroleum Reserve, the world’s largest emergency oil stockpile, presidents have long tapped it during times…
US Not Currently Discussing Sale of Oil From SPR, Source Says
(Reuters) – Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attacks on Iran is ‘not currently being discussed’, a U.S. source said on Monday. “Oil…
US Gasoline Prices to Rise After Attack on Iran, Analysts Warn
(Reuters) – U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between…
