US Declares Energy Emergency as Cold Snap Hits Northeast
By and A woman stands in a street as the snow falls in the Manhattan borough of New York on Dec. 14. Photographer: Charly Triballeau/AFP/Getty Images Get the Latest US…
Oil Prices Stable as Venezuelan Supply Disruptions Balance Surplus Concerns
Summary Brent, WTI steady after 4% losses last week Venezuelan oil exports down sharply since US seizure of a tanker Surplus outlook and potential Ukraine peace deal weigh (Reuters) –…
US Squeeze on Venezuela Oil Won’t Create Global Crunch: Bousso
The United States’ tightening grip on Venezuela’s oil exports could strangle the country’s crude output and cut off President Nicolas Maduro’s main economic lifeline, but it will have limited impact…
Tokyo Gas to Steer More Than Half of Overseas Investments to US in Next 3 years, CEO says
“North America is our top priority in our overseas strategy,” Sasayama told Reuters in an interview last week, citing both rising U.S. domestic gas demand – driven by surging power…
Oil Tanker Rates to Stay Strong into 2026 as Sanctions Remove Ships for Hire
The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with…
US Demands EU Exempt its Gas from Methane Emissions Law, Document Shows
The U.S. has demanded that the European Union exempt its oil and gas from obligations under the bloc’s methane emissions law on fuel imports until 2035, a U.S. government document…
Oil Posts Weekly Loss on Oversupply Concerns
Summary Brent and WTI down more than 4% this week Supply glut remains main market focus US plans to seize more tankers off Venezuela, sources say (Reuters) – Oil prices…
Trump Administration Unlikely to Finalize 2026 Biofuel Quotas This Year, Sources Say
By EPA still reviewing comments; no end-of-year decision expected Delay folds quotas into broader oil-agriculture policy talks Uncertainty complicates contracts, hedging, and investment decisions Dec 12 (Reuters) – The Trump…
Venezuela Oil Exports Fall Sharply After US Tanker Seizure, Sources and Data Say
By Only Chevron-chartered tankers sailing into international waters About 11 million barrels stuck in vessels in Venezuela Some cargoes are onboard Washington-sanctioned ships HOUSTON, Dec 12 (Reuters) – Venezuela’s oil…
US Drillers Cut Oil and Gas Rigs for Second Time in Three Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second time in three weeks, energy services firm Baker Hughes said…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
