The Key Sticking Points for a US-Iran Peace Deal
By The US and Iran have been locked in a stalemate since agreeing to a ceasefire in April. They’ve been unable to reach a deal to end a monthslong war…
Plains Oil Pipeline Partly Shut Down After Rupture in East Los Angeles, Company Says
By , and May 22 (Reuters) – An oil pipeline operated by Plains All American (PAA.O) ruptured in East Los Angeles, California, the company said on Friday, adding that the…
U.S. Oil Operators in North Dakota Cautious on Drilling Despite Price Rise
(Reuters) – U.S. oil operators in North Dakota are moving cautiously on ramping up drilling despite a sharp rise in oil prices driven by the Iran war, as companies wait…
Devon’s Permian Purchase to Extend Drilling Inventory, Cement Top Spot
(Reuters) – U.S. shale producer Devon Energy’s $2.6 billion purchase of new acreage in the Delaware Basin will extend its drilling runway and reinforce its position as the region’s top…
China Oil Import Cut, Higher US Exports Wrongfoot Market Bulls
(Reuters) – As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the…
Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of Winter
(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said…
EU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26
(Reuters) – EU antitrust regulators will decide by June 26 whether to clear oilfield services firm Baker Hughes’ $13.6 billion acquisition of Chart Industries, according to a European Commission filing. Baker…
Oil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace Talks
Summary Iran, U.S. maintain opposing stances on Tehran’s uranium stockpile, Strait of Hormuz OPEC+ leaders expected to up July oil output target, sources say WTI, Brent headed for weekly losses…
Exxon May Acquire Rights to Produce Oil in Venezuela, NYT Reports
May 21 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) is in talks to acquire rights to produce oil in Venezuela nearly two decades after it was effectively expelled from…
Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs
By Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low…
