Oil Stocks in US Strategic Petroleum Reserve Fall by 5.1 Million Barrels to Lowest Level Since 1983
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 5.1 million barrels to 311.4 million barrels last week, the lowest level since March 1983,…
US Bombs Iran for Ninth Day as Standoff Over Hormuz Deepens
A damaged bridge, reportedly hit following a US strike, in southern Iran on July 18, in a photo released by Iran’s ISNA news agency. Photographer: Amir Hossein Khorgooei/ISNA/Getty Images The…
US Pump Prices Cross $4 Again on Renewed Fighting in the Middle East
(Reuters) – U.S. gasoline pump prices crossed the $4 a gallon mark on Monday as renewed hostilities between the U.S. and Iran further disrupt energy flows through the Strait of Hormuz, a…
Oil Prices Extend Gains on Escalating Middle East Hostilities
Summary Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Shipping recovery has effectively stalled, analysts say Brent and WTI benchmarks hit more than one-month high (Reuters) –…
Iran’s Supreme Leader Says US Breaches Show Trump’s Signature is ‘Worthless’
Iran’s Supreme Leader Mojtaba Khamenei said in a written statement on Saturday that repeated U.S. breaches of a memorandum of understanding signed by the presidents of Iran and the United…
US Energy Firms Boost Rig Count to Highest Since April 2025, Baker Hughes Says
(Reuters) – U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest…
AMERICAN ENERGY SNAPSHOT: Iconic Landmarks Took Years. Now Energy Projects Take Decades.
By Almost 100 years ago, Americans built the Empire State Building, Hoover Dam and Golden Gate Bridge — projects that still define our country’s skyline. What might shock you is…
Trump Could Get a Lesson on Iran From an Unlikely Source — Emus: Russell
(Reuters) – For U.S. President Donald Trump, Australia’s failed “Great Emu War” nearly a century ago offers a highly relevant lesson: technological superiority does not guarantee victory against a dispersed…
ConocoPhillips Joins BP in Iraq as Baghdad Seeks More US Energy Investment
(Reuters) – ConocoPhillips said on Friday it had agreed to acquire a 42% stake in BP Energy Company of Kirkuk Ltd from BP, joining the British oil major in redeveloping…
Oil Settles Up on Renewed US-Iran Hostilities and Threat of Red Sea Closure
By Strait of Hormuz flows have slowed after last month’s truce collapsed Iran pressed Houthis to disrupt Red Sea shipping if US hits power sites NEW YORK, July 17 (Reuters)…
