US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says
(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said…
Tesla Chair Denies Reported CEO Search, Backs Elon Musk
Musk acknowledged during Tesla’s earnings call that there had been “some blowback” over his time leading DOGE Tesla Inc.’s chair denied a report that said board members started a search…
Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise
Summary Saudi willing to sustain lower prices for longer: sources US economy contracts in first quarter US crude stockpiles fell by 2.7 million barrels last week (Reuters) – Oil prices…
Expand Energy on Track to Increase US Natgas Output to Meet Growing Demand
(Reuters) – U.S. energy company Expand Energy, the country’s biggest natural gas producer, said on Wednesday it was on track to produce more gas in 2025 and 2026 to meet…
BP’s 440,000-bpd Refinery in Whiting, Indiana, Shut Reformer Unit Last Weekend, Sources Say
(Reuters) – BP’s 440,000-barrel-per-day (bpd) refinery in Whiting, Indiana, shut the reformer unit last weekend, trading sources said. The company did not immediately respond to Reuters’ requests for comment. The…
Ukraine Ready to Sign US Resources Deal in a Matter of Hours
Ukraine is ready to sign a natural resources deal with the US, which could bolster Washington’s support for Kyiv by strengthening their economic partnership. The draft agreement, which has been…
Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown
(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision…
US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says
(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said…
Oil Outlook Dims on Tariff Headwinds, Potential OPEC+ Supply Boost
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand…
Oil Prices Down, Poised for Biggest Monthly Fall Since 2021
Summary Brent, WTI down for a third session, hit lowest in over 2 wks Brent down around 15% so far in April China PMI falls sharply as Trump tariffs bite…
