Iran War Sends US Crude Up Over $10 a Barrel, Topping $90
Summary WTI hits level last seen in September 2023 Brent trades at $90 per barrel for first time since April 2024 Trump says he is unconcerned about rising gasoline prices…
Venezuela Resumes Exports of Diluted Crude Oil After 15-Month Pause -Document
(Reuters) – Venezuela this month resumed exports of a key crude grade that had not been shipped since late 2024, diluted crude oil (DCO), with U.S. Chevron sending a 500,000-barrel…
Venture Global’s CP2 LNG Plant Costs Increase by $4 Billion
(Reuters) – The anticipated construction cost for two phases of Venture Global’s CP2 LNG liquified natural gas project has jumped by $4 billion, or just under 14%, the company said…
Barclays Says Brent Could Test $120/bbl if Middle East Tensions Persist
(Reuters) – Barclays said on Friday that Brent crude could potentially test $120 a barrel if the Middle East conflict persists for another couple of weeks. “These numbers might seem…
US Could Lift Sanctions on More Russian Oil, Says Bessent
(Reuters) – Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale…
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed…
Americans’ Relationship With Gas Prices Is Complicated
By Oil prices are up 15% since the US and Israel began attacking Iran last weekend, and gasoline prices have been following not too far behind. In a big-picture economic…
THE NEW ESG – For Energy, ESG Now Means Economics, Security and Geopolitics
The crude oil tanker Sanan in coastal waters off Iran. Takeaways by Bloomberg AI The US has switched from being an effective underwriter of global energy security to disrupter, with President…
US Weighs Oil Futures Market Action to Combat Rising Energy Prices – WH Official
(Reuters) – The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices, including potential action involving the oil futures market, a…
Trump On Rising Gas Prices During Iran Operation: ‘If They Rise, They Rise’
(Reuters) – President Donald Trump said on Thursday he was not concerned about rising U.S. gas prices driven by the widening Iran conflict, telling Reuters in an exclusive interview that…
