Baker Hughes Flags Lower Spending by Oil and Gas Producers in 2026
(Reuters) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and…
US Energy Department Orders More Power Resources for Western Electric Grid
By Order lets SPP use backup generators before a level three emergency alert SPP’s West region will remain under a conservative operations advisory until Aug 1 Friday import losses left…
Oil Prices Settle at Lowest in Over a Week, as US Pauses Attacks on Iran
Trump pauses attacks to allow more time for diplomacy, US ambassador says Trump threatens strong military action if talks with Iran fail Strait of Hormuz traffic stays low despite pause…
WE’RE IN CONTROL: Iran Says it Still Controls Strait, Not Seeking Talks, After Trump Halts Bombing
Iran said on Monday it was still in control of the Strait of Hormuz and not seeking to resume peace talks with the United States, after President Donald Trump halted…
Trump May Need to Allow Chinese Minerals as US Industry Struggles to Meet 2027 deadline
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: US minerals, magnet capacity not enough to match demand Trump has set a January 2027 deadline to…
THE OIL MARKET: Crude Oil Futures are Pricing Market Adaptability, Not Hopeful Iran Peace: Russell
Reuters One of the debates since the start of the Iran war has been whether crude oil futures are accurately reflecting the stresses in physical markets for both oil and…
Oil Prices Hit One-Week Low After US, Iran Pause Fighting Over Weekend
Summary Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting…
BEEFING IT UP: Expand Energy to Beef Up Gas Marketing Business with $1.25 Billion Twin Eagle Deal
(Reuters) – Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across…
Trump Warns China, Russia Against Involvement in Iran War
(Reuters) – U.S. President Donald Trump said on Friday that he does not believe China or Russia are “participating” in the ongoing Iran conflict, but warned that if they did…
Iran War Spreads to Red Sea and Caspian, Gulf Quiet as US Forgoes Strikes
Signs of the Iran war’s spread emerged this weekend despite a pause in U.S. strikes, as Yemen’s Iran-aligned Houthis attacked Saudi oil installations along the Red Sea coast and Iran…
