US Crude Exports Hit Record High in May as Iran War Tightens Global Oil Supplies
(Reuters) – U.S. crude exports climbed to a record 5.6 million barrels per day in May as the Middle East crisis pushed up demand for the country’s oil from Asian…
Goldman Sachs Flags Demand Weakness as Key Risk to Oil Price Outlook
Goldman Sachs said late Sunday that weak oil demand in China and Europe poses a major downside risk to its fourth-quarter Brent crude forecast of $90 a barrel and WTI…
Weatherford to Acquire Oilfield Tech Firm NCS Multistage
(Reuters) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford…
US Says it Struck Iranian Military Sites, Tehran Responds with Air Base Attack
The U.S. said it struck Iranian military sites at the weekend and Iran’s Revolutionary Guards said on Monday it had targeted a U.S. base in response, the latest exchange of…
MANUFACTURED BACKLASH: How Big Green Astroturf Is Sabotaging North America’s AI Future – Tammy Nemeth & David Blackmon
Gainesville Data Center under construction in Prince William County, Viginia. Photo by Hugh Kenny, Piedmont Environmental Council. By Tammy Nemeth & David Blackmon Across rural Virginia, suburban Utah, and farm…
Iran is Stopping Message Exchanges With U.S., May Block Hormuz, Tasnim News Agency Says
(Reuters) – Iran’s Tasnim news agency said on Monday that Tehran’s negotiating team is stopping exchanges of messages with the United States through mediators due to attacks on Lebanon, as…
Record-Low U.S. Shale Well Backlog Curbs Fast Output Gains Amid Export Surge
(Reuters) – U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories…
Oil Prices Rise as US, Iran Trade Strikes, Israel Moves Further Into Lebanon
Summary Israel orders troops to advance further into Lebanon US proposes gradual de-escalation plan for Israel and Lebanon Goldman Sachs flags weak oil demand in China and Europe Brent crude…
Devon Energy Gets $8 Billion Offer for Marcellus Position, Sources Say
By and Stone Ridge offers around $8 billion for Devon’s Marcellus shale position, sources say The Stone Ridge offer would be supported by largest ever ABS financing in US oil…
Oil Falls on Hopes for US-Iran Ceasefire Agreement
By Brent and WTI register steepest weekly losses since April US-Iran ceasefire deal not finalised US crude, gasoline and distillate stockpiles fell last week -EIA HOUSTON, May 29 (Reuters) –…
