S&P Global Cuts 2026 Oil Demand Forecast by 700,000 Bpd Due to Iran War
(Reuters) – S&P Global Energy has reduced its global oil demand forecast for 2026 by 700,000 barrels per day as the U.S.-Iran war disrupts energy supplies from the Middle East…
Oil Gains as US-Iran Talks stall, Hormuz Shipping Still Disrupted
Summary Iran seizes ships in Strait of Hormuz US maintains naval blockade and intercepts Iranian tankers Total US exports of oil and petroleum products climb to a record LONDON, April…
US Intercepts Three Iranian Oil Tankers in Asian Waters, Sources Say
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security…
US and Iran Deadlocked Over Hormuz After Trump Extends Truce
By , , and US President Donald Trump indefinitely extended a ceasefire with Iran after the two sides failed to meet for more peace talks, with the war developing into…
BP Lockout at Indiana Refinery Stretches Into Second Month as Union Talks Stall
(Reuters) – A lockout at BP’s 440,000-barrel-per-day refinery in Whiting, Indiana, enters its second month as the British oil major and hundreds of union workers remain at odds. BP locked…
US Supreme Court Rrejects Enbridge Challenge to Michigan Pipeline Case
The U.S. Supreme Court on Wednesday rejected Enbridge’s bid to change the venue of an environmental lawsuit by Michigan seeking to force the Canadian energy company to stop operating an…
TECHNOLOGY: China’s CATL Debuts EV Battery With Speedy Six-Minute Recharge and a 1,000-km Range
Contemporary Amperex Technology Co. Ltd., the world’s largest electric vehicle battery manufacturer, unveiled a new fast-charging technology ahead of the Beijing auto show in a bid to stay ahead of…
Traders Place $430 Million Bet on Lower Oil Price Before Trump Ceasefire Extension
(Reuters) – Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a…
Oil Prices Rise After Reports Container Ships in Hormuz Hit by Gunfire
Summary US announces ceasefire extension with Iran Ships attacked by gunfire in Strait of Hormuz API shows drops in US crude, fuel and distillate stocks, sources say (Reuters) – Oil…
Oilfield Service Firm Halliburton is Discussing Commercial Terms With Customers for Venezuela Operations
(Reuters) – Oilfield service firm Halliburton on Tuesday said it has been discussing commercial terms with customers for operations in Venezuela after making visits to its existing facilities in the…
