US Drillers Cut Oil and Gas Rigs for Second Straight Week, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second straight week for the first time since March, energy services…
US Energy Department Restores Funding to Carbon Removal Projects
By WASHINGTON, April 16 (Reuters) – The Department of Energy will retain funding for major carbon direct air capture awarded under the Biden administration after targeting them for fund cancellation…
US Law Enforcement Raids Offices of Houston Fuel Trader Ikon Midstream
By , , and U.S. law enforcement executed a federal search warrant at Ikon Midstream’s Houston headquarters Company’s attorney said raid was triggered by Reuters’ October 2025 investigation into alleged…
Oil Falls by Over 10% After Iran FM Declares Strait of Hormuz Open
(Reuters) – Oil prices plunged by over 10% on Friday, extending previous losses, after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz was open…
Trump Officials Urge Oil Industry to Boost Output Amid War
Takeaways by Bloomberg AI Trump administration officials urged US oil producers to boost output amid a global supply shock caused by the war in Iran. The administration is grappling with the…
U.S.-Iran Deal Will Take Months, Gulf and European Officials Say
Leaders want the vital Strait of Hormuz opened immediately to restore energy flows Some Gulf Arab and European leaders believe that a U.S.-Iran peace deal will take about six months…
Trump’s Energy Leaders to Hold Call With CEOs on Iran War, Source Says
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and…
The Iran War Has Shattered Oil’s Price Compass: Bousso
(Reuters) – The Iran war has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That disconnect is…
ERCOT Sees Surge in Power Demand by 2030s Amid Data Center Growth
(Reuters) – The Electric Reliability Council of Texas (ERCOT) said electricity demand could rise sharply into the 2030s as an increasing pipeline of data centers drives most of the projected…
US Forces Ready to Restart Combat if Iran Doesn’t Agree to a deal, Says Hegseth
U.S. forces in the Middle East are postured to restart combat operations if Iran doesn’t agree to a peace deal, Defense Secretary Pete Hegseth told a Pentagon briefing on Thursday.…
