Oil Falls After OPEC+ Agrees to Raise Output Targets
Summary OPEC+ agrees to raise oil output by 188,000 bpd from August ADNOC sells 16 million barrels in fifth tender at wider discounts, traders say ANZ expects global oil demand…
Oil Prices Little Changed for Week as US-Iran Peace Efforts Hold
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango…
Brent Oil Curve Weakens Further as Prompt Supply Glut Swamps Market
By and Six-month Brent spread flipped to a discount Wednesday for the first time this year Rise in Strait of Hormuz flows leaves near-term glut on market Potential for storage…
Oil Prices Little Changed as US-Iran Peace Efforts Hold
By and Benchmarks touched pre-war lows on Thursday Saudi Aramco shifts to spot sales in Asia Brent spread contango signals fading shortage concerns CALGARY/LONDON, July 3 (Reuters) – Oil prices…
Americans Hit Road for July 4 Despite High Gasoline Prices
(Reuters) – Americans are revving up for the Fourth of July holiday, undeterred by gasoline prices that remain elevated and well above historical levels. The easing of tensions between the…
US Oil Companies See Big Profit Jump, Gird for Clash Over Pump Prices With Trump
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Gasoline prices remain elevated despite crude easing toward pre-conflict levels Refining margins are near 2022 highs, boosted…
Trump Biofuel Goals Hit Reality as US Plants Lag
Summary US biodiesel producers operated around 77% of capacity in May, below the EPA’s 90% assumption for mandates May generated 736 million biomass-based diesel RINs versus roughly 915 million needed…
Los Angeles-Area Gas Appliance Ban Upheld by US Appeals Court
By July 2 (Reuters) – A divided federal appeals court on Thursday upheld a ban covering four Los Angeles-area counties on the manufacture, sale and installation of various appliances that…
US Energy Firms Add Rigs for Third Week in a Row, Says Baker Hughes
(Reuters) – U.S. energy firms this week added rigs for a third week in a row, energy services firm Baker Hughes said in its closely followed report on Thursday. The…
AMERICAN ENERGY SNAPSHOT: Why Offshore Matters for America’s Next 250 Years
By As America approaches its 250th anniversary, instability in the Middle East is a reminder of one of our country’s greatest modern achievements: we changed our energy destiny. A generation…
