Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022
By Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s…
Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar
By The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the…
EQT, Glencore Commit to Buy More LNG from Commonwealth, Filing Shows
Summary Commonwealth secures enough LNG sales to begin project financing process Glencore’s total LNG offtake rises to 3 mtpa, EQT’s to 2 mtpa, filing shows EQT’s new contract replaces JERA’s…
ConocoPhillips Visits Venezuela to Evaluate Oil Opportunities
ConocoPhillips said on Thursday it is sending a small evaluation team to Venezuela this week to evaluate oil and gas opportunities. The U.S. oil producer left the South American country in…
US Solicits Proposals for 30 million Barrels of SPR Oil
The Trump administration said on Thursday that it was offering to loan up to 30 million barrels of crude oil from the West Hackberry Strategic Petroleum Reserve site, marking the…
Iran War Raises Demand for US Fuel, Boosting Gulf Coast Refining Margins
(Reuters) – U.S. Gulf Coast refiners are reaping the strongest margins in years as disruptions to Middle Eastern oil flows from the Iran war raise demand for U.S. fuel exports,…
Oil Rebounds as Fragile Ceasefire, Hormuz Concerns Keep Supply Risks Elevated
Summary Market struggles to price clear path for Hormuz reopening Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows Strikes across Gulf raise supply threats despite ceasefire (Reuters)…
Trump Says US Military to Stay Around Iran; Threatens Action if Tehran Fails to Comply With Deal
U.S. President Donald Trump said on Wednesday its military ships and aircraft will remain around Iran and threatened that the U.S. will start “shooting” again unless Tehran fully complies with…
Can the US and Iran Bridge Their Differences in Talks?
The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said…
Chevron Forecasts up to $2.2 Billion Rise in Upstream Earnings From Higher Q1 Prices
(Reuters) – Chevron said on Thursday it expected a $1.6 billion boost to $2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025, driven by surging oil and…
