Goldman Sachs Warns of Oil Price surge on Strait of Hormuz Risks
(Reuters) – Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas prices, the…
US Strikes on Iran Leave Hopes for Nuclear Diplomacy in Tatters
In a bid to defuse the conflict over Iran’s nuclear program, foreign ministers from Europe’s top three powers hurried to meet their Iranian counterpart on Friday in Geneva. Get…
Oil Hits Five-Month High After US Hits Key Iranian Nuclear Sites
(Reuters) – Oil prices jumped on Monday to their highest since January as Washington’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures…
US ‘Obliterates’ Iran Nuclear Sites, Tehran Says all Options Open to Defend Itself
U.S. President Donald Trump said he had “obliterated” Iran’s main nuclear sites in strikes overnight, in a major new escalation of conflict in the Middle East as Tehran vowed to…
Oil Prices Settle Lower as US Sanctions Ease Fears of Escalation in Iran
Summary Oil futures rise on the week US imposes new Iran-related sanctions amid diplomatic efforts US oil and natural gas rig count falls for eighth straight week, first time since…
Marathon Assessing Damage at Texas City Refinery, Sources Say
Production units are seen in operation at Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, U.S., May 15, 2023. REUTERS/Erwin Seba/File photo HOUSTON, June 20 (Reuters) – Marathon Petroleum …
Oil Hedging Volumes Hit New Records as US Producers Rush to Lock in Soaring Prices
By Hedging activity spikes as producers lock in higher prices US crude futures jump after Israel strikes Iran Oil producers need $65 a barrel on average to profitably drill HOUSTON,…
US Supreme Court Lets Fuel Producers Challenge California Emissions Standards
By Biden’s EPA let California set tougher emissions standards Supreme Court limited EPA regulatory powers in prior cases Justice Kavanaugh writes Supreme Court’s 7-2 ruling WASHINGTON, June 20 (Reuters) –…
Divided US Appeals Court Allows Biden-Era Biofuel Rule to Stand
By Court finds EPA’s climate analysis arbitrary, sends rule back for review Environmental groups argue EPA used outdated study on emissions Judge Katsas dissents, calls rule deeply flawed June 20…
European Nations Lead Push for De-Escalation in Israel-Iran War
By , , , and Talks aimed at de-escalating the week-long war between Israel and Iran got under way in Geneva on Friday after US President Donald Trump signaled he…
