KEEP IT DOWN! Trump Tells Everyone to Keep Oil Prices Down After Iran Attacks
Trump followed up with another post addressed to the U.S. Department of Energy, encouraging it to “drill, baby, drill” and saying, “I mean now.” Get the Latest US Focused Energy…
Oil Rises in Choppy Session as Investors Weigh Up US strikes on Iran
Oil prices climbed to their highest in five months on Monday as fears grew over what conflict in the Middle East could mean for supplies. Summary Brent, WTI up 1%…
Iran’s Supreme Leader asks Putin to do More after US Strikes
Iran’s supreme leader sent his foreign minister to Moscow on Monday to ask President Vladimir Putin for more help from Russia after the biggest U.S. military action against the Islamic…
Goldman Sachs Warns of Oil Price surge on Strait of Hormuz Risks
(Reuters) – Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that would lead to significant spikes in oil and natural gas prices, the…
US Strikes on Iran Leave Hopes for Nuclear Diplomacy in Tatters
In a bid to defuse the conflict over Iran’s nuclear program, foreign ministers from Europe’s top three powers hurried to meet their Iranian counterpart on Friday in Geneva. Get…
Oil Hits Five-Month High After US Hits Key Iranian Nuclear Sites
(Reuters) – Oil prices jumped on Monday to their highest since January as Washington’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries. Brent crude futures…
US ‘Obliterates’ Iran Nuclear Sites, Tehran Says all Options Open to Defend Itself
U.S. President Donald Trump said he had “obliterated” Iran’s main nuclear sites in strikes overnight, in a major new escalation of conflict in the Middle East as Tehran vowed to…
Oil Prices Settle Lower as US Sanctions Ease Fears of Escalation in Iran
Summary Oil futures rise on the week US imposes new Iran-related sanctions amid diplomatic efforts US oil and natural gas rig count falls for eighth straight week, first time since…
Marathon Assessing Damage at Texas City Refinery, Sources Say
Production units are seen in operation at Marathon Petroleum’s Galveston Bay Refinery in Texas City, Texas, U.S., May 15, 2023. REUTERS/Erwin Seba/File photo HOUSTON, June 20 (Reuters) – Marathon Petroleum …
Oil Hedging Volumes Hit New Records as US Producers Rush to Lock in Soaring Prices
By Hedging activity spikes as producers lock in higher prices US crude futures jump after Israel strikes Iran Oil producers need $65 a barrel on average to profitably drill HOUSTON,…
