Oil Prices Jump as Israel-Iran Conflict Enters Seventh Day
Summary Brent and WTI benchmarks up more than $1 Trump unpredictability keeps investors on edge US crude stockpiles fall sharply (Reuters) – Oil prices rose on Thursday after Israel and…
Russia’s Dmitriev Says Russia, US and Saudi Arabia Could Act Jointly to Stabilise Oil Markets
Russia, the United States and Saudi Arabia could act jointly to stabilise oil markets if needed, Russia’s investment envoy Kirill Dmitriev told Reuters. Oil prices surged on Thursday after Israel…
Goldman Estimates Geopolitical Risk Premium of Around $10 Per Barrel for Brent After Prices Rise
While its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disruptions, Goldman said the $10/bbl premium appears justified in light of its lower Iran…
Commonwealth LNG Receives FERC Authorization for Calcasieu LNG Export Project
The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, enabling Commonwealth to target a final investment decision (FID) later this…
US Crude Inventories Fall by Most in a Year, Fuel Stocks Build, EIA Says
(Reuters) – U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.…
Houston’s Electric Utility Is Prepared for Storms After 2024 Blackout, CEO Says
By and Downed power lines following Hurricane Beryl in July 2024. Photographer: Mark Felix/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Houston’s electric utility is…
Clean Energy Has Fans in Trump’s America, Complicating Budget Talks
Summary Trump’s bill proposes ending wind and solar incentives by 2028 Renewable projects like solar, wind, and batteries face shutdown risk Republican lawmakers from Utah, Alaska, N. Carolina, Kansas at…
Oil Steadies as Iran-Israel Conflict Enters Sixth Day
Summary Oil recovers early losses to extend previous session’s 4% gain Market fears potential Straight of Hormuz closure, analysts say Middle East conflict complicates Fed interest rate decision (Reuters) –…
Plains All American Executes Definitive Agreements for $3.75 Billion Sale of NGL Business to Keyera
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: ) and Plains GP Holdings (Nasdaq: ) (collectively, “Plains”) announced today that it has executed definitive agreements with Keyera Corp. (TSX: KEY)…
Senate Bill Would Raise Value of Tax Credit to Use Captured CO2 to Produce More Oil
By WASHINGTON, June 17 (Reuters) – A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for…
