Oil Prices Rise as Iran-Israel Conflict Escalates
Summary Brent and WTI benchmarks up more than 2% War risk continues to underpin market IEA global oil supply forecast revised upwards (Reuters) – Oil prices were driven higher on…
COMMENTARY: Even Big Oil Thinks Big Oil Is Too Risky These Days – Fickling
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US Senate Floats Full Phase-Out of Solar, Wind Energy Tax Credits by 2028
WASHINGTON, June 16 (Reuters) – The U.S. Senate tax committee proposed a full phase-out of solar and wind energy tax credits by 2028, but extended the incentive to 2036 for…
South Carolina’s Republican Governor Asks to be Left Out of Trump Offshore Drilling Plan
June 16 (Reuters) – The Republican governor of South Carolina appealed to the Trump administration on Monday to leave his state out of an impending plan to increase offshore oil…
G7 Host Canadian PM Carney Says He and Trump are Aiming for a Canada-US Deal Inside 30 Days
U.S. President Donald Trump is greeted by Prime Minister of Canada Mark Carney, as he arrives at the G7 leaders’ summit in Kananaskis, Alberta, Canada June 16, 2025. Stefan Rousseau/Pool…
Mitsubishi Corp in Talks for $8 Billion US Shale Acquisition, Source Says
June 16 (Reuters) – Mitsubishi Corp (8058.T) is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar…
US Supreme Court to Hear Chevron, Exxon Appeal Over Louisiana Coastal Damage
By Nate Raymond Federal court friendlier venue for companies in such cases Appeal involved suits by Plaquemines and Cameron parishes June 16 (Reuters) – The U.S. Supreme Court agreed on…
Oil Price Surge Sparks Burst of Hedging Among Shale Drillers
By and The surge in oil futures spurred by the initial missile attacks in the Middle East last week triggered a wave of hedging by producers seeking to lock in…
Breaking Down the G7 Summit in Kananaskis, Alberta – Who’s In and Who’s Out and What’s on the Agenda
The G7 Sign in Kananaskis, Alberta, Canada The 51st G7 summit, the 57th annual meeting of the organization , is being held from 16 to 17 June 2025 in Kananaskis, Alberta, Canada. This is the…
Oil Slips as Israel-Iran Strikes Spare Key Energy Infrastructure
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