Diamondback Bets on Wider WTI-Brent Gap Amid US Export Ban Concerns
(Reuters) – U.S. producer Diamondback Energy bought options to sell the price difference between U.S. West Texas Intermediate crude and globally traded Brent crude at around minus $42 a barrel…
Shale Producer Devon Energy Approves $8 Billion Share Buyback Plan
U.S. oil and gas producer Devon Energy said on Thursday its board had approved a $8 billion share repurchase program, a week after activist investorKimmeridge called for higher shareholder returns.…
Trump’s Crackdown on China-Linked Solar Firms stalls U.S. Factory Boom
Summary Installers, banks, insurers shun China-linked U.S. solar factories Industry awaits guidance on new subsidy restrictions Financing delays threaten new U.S. power capacity as demand soars (Reuters) – Top solar…
THE ISSUES: What’s Included in Talks to End the Iran War and Reopen Hormuz?
(Reuters) LONDON, May 7 – With the standoff over the frozen Iran war threatening a global economic meltdown, Washington and Tehran have scaled back their efforts to agree a comprehensive…
Oil Pares Early Gains a Day After Renewed US-Iran Fighting
Summary Oil benchmarks pare gains of as much as 3% Brent, WTI on course for falls of more than 7% for the week (Reuters) – Oil prices pared early gains…
Permian to US Gulf Coast Crude Pipeline Operational After Oil Spill
By and HOUSTON, May 7 (Reuters) – A pipeline that ships crude oil between the Permian basin in West Texas and Houston was fully operational on Thursday after a brief…
Oil Prices Settle 1% Lower in Volatile Trading After US Mulls Resuming Strait of Hormuz Military Escorts
By US considers restarting escorts for commercial vessels through Strait of Hormuz, WSJ says Analysts warn prices could rebound if conflict escalates again Iran’s oil production likely down by around…
US Considers Tapping Oil at Military Bases to Refill Reserve
By The Trump administration is studying using oil under land at US military bases and other Department of War sites to help refill the nation’s depleted emergency reserves, according to…
Chinese-Owned Oil Tanker Hit Near Hormuz as US Pauses Ship-Protection Plan, Report Says
(Reuters) – A Chinese-owned oil products tanker was attacked near the Strait of Hormuz on Monday, Chinese media outlet Caixin reported, as President Donald Trump launched a U.S. plan that…
Western Midstream to Pay $1.6 Billion for Permian Pipelines
By Western Midstream Partners LP agreed to acquire closely-held pipeline operator Brazos Delaware II for about $1.6 billion. The deal, which is expected to close by the end of June,…
