Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal
Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out…
The US is Using an Iranian Smuggling Tactic to Sneak Oil Out of the Gulf
Summary Apache shot down by Iran on June 9 was involved in ship-to-ship transfer mission Convoys sail dark with disabled transponders, spacing departures 3,000-4,000 meters apart At least 92 ships…
Spot Oil Premiums Slip to Pre-War Levels After US-Iran Deal, But Shipping Angst Provides Floor
Summary Dubai crude benchmark’s premium slips back to pre-war levels Naphtha goes into contango, diesel and fuel oil backwardation narrows Margins for transport fuels retain strength on low stocks SINGAPORE,…
US Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOs
Summary Stock-based pay grants for top 15 utility CEOs totals $993 million Grid upgrades could surpass $1 trillion in the next decade, analysts said U.S. residential customers faced 13.4 million…
TACO CONFIRMED: Oil Markets Bet Trump Would Chicken Out on Iran. They Won: Bousso
US President Donald Trump Never bet against Donald Trump? The oil market appears to have made a risky wager from day one of the Iran war: The U.S. president would…
US Natgas Prices at Waha Turn Positive for First Time Since February as Pipeline Constraints Ease
U.S. spot natural gas prices for Tuesday at the Waha Hub in West Texas turned positive for the first time since early February as demand for the fuel rises with…
NOT MUCH TO IT: MOU is a ‘Very General Document’, Vance Says on CNN
Vice President JD Vance on Monday said the U.S.’ memorandum of understanding with Iran was “a very general document” with specifics of the deal to be worked out during further…
Citi Cuts Brent Forecasts as U.S.-Iran MoU Points to Strait of Hormuz Flow Normalization
Get the Latest US Focused Energy News Delivered to You! It’s FREE: Citi on Monday cut its average Brent crude forecasts to $75 and $70 per barrel for the third…
U.S. Oil Reserve Hits 43-Year Low as Trump Aims to Tame Prices
US Strategic Petroleum Reserve The U.S.’s emergency oil reserve was already significantly depleted when Trump took office 16 months ago Get the Latest US Focused Energy News Delivered to…
Vance Says He Hopes to Release Text of Agreement to Halt War in Iran This Week
U.S. Vice President JD Vance said on Monday that he hopes text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released…
