US Extends Protection of Venezuela-Owned Citgo From Creditors
WASHINGTON, May 4 (Reuters) – The United States has extended a license that protects Venezuela-owned refiner Citgo Petroleum from creditors through June 19, according to a statement on the U.S.…
Diamondback Boosts Annual Production Outlook as Oil Prices Rally
May 4 (Reuters) – U.S. shale producer Diamondback Energy (FANG.O) raised its annual production forecast on Monday, after beating Wall Street expectations for first-quarter profit on a rally in oil…
Oil Prices Jump 6% as Iran Sets UAE Oil Port Ablaze, Strikes Vessels in Strait of Hormuz
(Reuters) – Oil prices jumped about 6% on Monday as Iran stepped up attacks on the United Arab Emirates and ships in the Middle East Gulf over the past 24…
Chevron CEO Says Physical Shortages in Oil Supply to Begin Appearing
(Reuters) – Chevron Chairman and CEO Mike Wirth said on Monday that physical shortages in oil supply would begin appearing around the world because of the closure of the Strait…
US Oil Sanctions Push Beijing to Test Washington’s Limits
Beijing has told its companies to ignore American sanctions on a major oil refiner, complicating the leaders’ summit next week. By Oil storage tanks at a petrochemical production base on…
Why Markets Think the US Is Winning the Blockade
By The USS Abraham Lincoln conducting blockade operations. Source: U.S. Navy/Getty Get the Latest US Focused Energy News Delivered to You! It’s FREE: The Strait of Hormuz remains blockaded —…
Forget 3% US Inflation. It’s Heading for 4%: McGeever
By Jamie McGeever U.S. inflation has been above the Federal Reserve’s target for so long that many observers believe policymakers have implicitly accepted a higher level. The worry now is…
Permian Landowner EagleRock Eyes $2.6 billion Valuation in US IPO
Land management company EagleRock is targeting a valuation of up to $2.6 billion in its initial public offering in the United States, as it seeks to tap renewed investor interest…
Trump Administration Cites National Security to Halt US Wind Farm Projects
A drone view of windmills near the Sacramento River where it enters the California Delta near Rio Vista, California, U.S. December 28, 2025. REUTERS/Fred Greaves/File photo (Reuters) – President Donald…
Fervo Energy Eyes $6.5 Billion Valuation in US IPO
Drilling continues on an electric powered drilling platform at the Cape Station geothermal project in Milford, Utah, U.S. June 10, 2025. REUTERS/Jim Urquhart/File Photo (Reuters) – Fervo Energy said on…
