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By Court finds EPA’s climate analysis arbitrary, sends rule back for review Environmental groups argue EPA used outdated study on emissions Judge Katsas dissents, calls rule deeply flawed June 20…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…
US Drillers Cut Oil and Gas Rigs for Eighth Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since September…
World Markets on Oil Watch as Middle East Tensions Flare
Although relatively contained, the rise has not gone unnoticed just three years after Russia’s invasion of Ukraine triggered a surge in energy prices that ramped up global inflation and sparked…
Oil Prices Slip as US Sanctions Ease Fears of Escalation in Iran
By HOUSTON, June 20 (Reuters) – Oil prices slipped on Friday as the U.S. imposed new Iran-related sanctions marking a diplomatic approach that fed hopes of a negotiated agreement, a…
US, Chinese Strategic Reserve Buys May Offset Oil Surplus, Russia’s Gazprom Neft Says
The eight members of OPEC+, which groups OPEC and other producers led by Russia, are unwinding voluntary production cuts and have agreed monthly increases for April through July, when they…
Oil Prices Fall as US Delays Decision on Direct Iran Involvement
(Reuters) – Oil prices fell on Friday, but remained on course for a third consecutive weekly rise, after the White House delayed a decision on U.S. involvement in the Israel-Iran…
Texas Oil Dynasty Targets Payout With $8 Billion Mitsubishi Deal
Gordon Huddleston Photographer: F. Carter Smith/Bloomberg Bloomberg Albert and Gordon Huddleston, part of the H.L. Hunt family, are in advanced talks to sell Aethon Energy Management’s assets to Mitsubishi Corp.…
Citi Sees Oil Prices of $75-$78/bbl if War Disrupts 1.1 mln bpd of Iran’s Oil Exports
June 19 (Reuters) – An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above pre-conflict levels if the war disrupts 1.1 million barrels…
