Oil Prices Rise on U.S.-Iran Tensions; Broader Selloff Caps Gains
Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot…
US Says it Has Returned to Venezuela All $500 Million of Initial Oil Sale
(Reuters) – The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas…
US Soon to Issue General License for Oil Production in Venezuela, Sources Say
(Reuters) – The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to…
Commonwealth LNG Strikes 20-Year Supply Deal With Mercuria as US Pushes LNG Export Growth
(Reuters) – Commonwealth LNG said on Tuesday it has signed a 20-year sale and purchase agreement to supply 1 million tons per annum of liquefied natural gas to Mercuria. Under…
US Refiners Struggle to Absorb Sudden Surge in Venezuelan Oil Imports
(Reuters) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas…
Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows
Feb 3 (Reuters) – Marathon Petroleum reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in refining margins underscored stronger operational performance after a prolonged downturn…
COMMENTARY: A $47 Bln Deal Heralds US Oil Boom’s Middle Age
By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to…
Oil Steadies as Investors Weigh Supply, Possible US-Iran de-Escalation
Summary Prices steady after geopolitical risk premiums fade Firm US dollar weighs on oil markets Russia’s Novak expects oil demand to pick up in March, April Reuters) – Oil prices…
US-Driven Gas Turbine Crunch May Speed Global Clean Power Uptake
(Reuters) – A rush by U.S. utilities and tech giants to snap up as many gas turbines as possible to boost local power output is causing a global shortage of…
US Natural Gas Plunges by Most in About 30 Years on Warm Weather
By , , and US natural gas futures plummeted on Monday as weather forecasts for mid-February shifted significantly warmer, marking the largest daily loss for the front-month contract on a…
