Morgan Stanley Lowers Oil Price Forecasts After US-Iran Peace Deal
Morgan Stanley has lowered its Brent crude oil price forecast for the fourth quarter of this year by $15 per barrel to $80, after the U.S. and Iran signed a…
While Trump Hails Gulf Oil Flowing, Iran’s Fleet Also Gearing Up to Boost Exports
While U.S. President Donald Trump has recently hailed the resumption of oil flows from Gulf allies, Iran, too, appears to be gearing up to resume exports and trading. At least…
US Crude and Gasoline Inventories Fell Last week, Distilltes Rose, EIA Says
Storage Cushing Tanks U.S. crude oil and gasoline stockpiles fell last week, while distillate inventories rose, the U.S. Energy Information Administration said on Wednesday. Crude inventories fell by 8.3 million…
Trump Erases Another $765 Million in Offshore Wind Leases
Bloomberg The Trump administration is canceling four offshore wind leases held by power developer Invenergy LLC that total $765 million, the latest move by the White House to block new offshore wind…
Trump Suggests Sanctions on Iran Could be Removed Once ‘They Behave’
Image Depicting USA – IRAN Deal U.S. President Donald Trump on Wednesday suggested that sanctions on Iran would be removed once “they behave.” “As far as sanctions are concerned, at…
US Shale Stays in the Money Despite Oil Price Drop
Pumpjacks Permian Basin Long-dated prices still support drilling as buyers seek alternatives to Middle East barrels. Just over a month ago, shale heavyweight Diamondback Energy Inc. announced the “light has…
Oil Prices Steady as Investors Weigh Peace Deal, IEA Glut Forecasts
Get the Latest US Focused Energy News Delivered to You! It’s FREE: Summary Details emerge of interim U.S.-Iran peace deal IEA sees supply significantly overtaking demand next year U.S. crude…
Developing World Won’t Completely Entrust Energy Security to the US, Says Cheniere Energy’s CFO
Developing world won’t completely entrust energy security to the US, says Cheniere Energy’s CFO Cheniere Energy does not expect developing countries to rely solely on the U.S. for their energy…
GOING DEEPER: Understanding the U.S. Strategic Petroleum Reserve (SPR) – How It Works & More
By EnergyNow Editorial Staff The U.S. Strategic Petroleum Reserve (SPR) is the world’s largest government-owned emergency crude oil stockpile. It was created after the 1973 Arab oil embargo to protect…
Iran Deal Includes $300 Billion Fund, More Than Half of Which Already Committed, Source Says
Reuters A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a…
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