District Court Denies California Parks Department Bid to Stop Sable Offshore Pipeline
NEW YORK, May 28 (Reuters) – A U.S. District Court on Thursday denied the California Department of Parks and Recreation’s bid to stop oil producer Sable Offshore Corp (SOC.N) from…
US Imposes Fresh Sanctions on Iran’s Military Oil Sales, Treasury Says
The U.S. said on Thursday it has imposed new sanctions on Iran’s military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift…
US Distillate Inventories Sink to 23-Year Low
U.S. distillate fuel oil inventories fell to a 23-year low last week, the Energy Information Administration said on Thursday, as the Iran war continues to choke global fuel supplies and…
Analysts Hike Oil Forecasts Again as Energy Flows Face Slow Recovery
Summary Brent projected to average $90.44 per barrel in 2026 WTI projected to average $84.63 per barrel in 2026 (Reuters) – Analysts have increased their 2026 oil price forecasts for…
U.S. Strikes Iran Targets Near Hormuz With No Accord in Sight
By Jennifer A. Dlouhy and Courtney McBride The U.S. struck Iranian military targets for the second time this week and Kuwait said it responded to missile and drone threats, highlighting…
US and Iran Reach Deal But Need Trump’s Final Approval, Axios Reports
(Reuters) – The U.S. and Iran have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran’s nuclear program, but President Donald…
American Energy Snapshot: The Anatomy of a $4 Billion Lease Sale
By Last week, something big happened in the U.S. oil and gas industry. In southeastern New Mexico, the federal government held the largest onshore oil and natural gas lease sale…
US Crude, Fuel Inventories Fell Last Week, EIA Says
(Reuters) – U.S. crude, gasoline and distillate stockpiles fell last week, the Energy Information Administration said on Thursday, as demand jumped. Crude inventories fell by 3.3 million barrels to 441.7…
US Natgas Prices at Waha Remain Negative but Rise to 16-Week High as Pipeline Constraints Ease
U.S. spot natural gas prices for Thursday at the Waha Hub in West Texas rose to their highest since early February – while remaining in negative territory – as demand…
Trump Fed Pivot Raises Dollar-Policy Doubts Too: Mike Dolan
Reuters If Donald Trump is indeed backing off and allowing the Federal Reserve to do what it needs to do, then the U.S. president may have to park his administration’s…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
