Goldman Sachs Lowers Second-Quarter 2026 Oil Price Forecasts
(Reuters) – Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed…
Shaky US-Iran Ceasefire in Doubt as Israel Pounds Lebanon
* Ceasefire fails to halt Israel-Hezbollah fighting, Israeli strikes kill 254 in Lebanon Get the Latest US Focused Energy News Delivered to You! It’s FREE: * US, Iran declare victory…
Exxon Plans Spring and Year-End Overhauls at Beaumont, Texas Refinery, Sources Say
HOUSTON, April 8 (Reuters) – Exxon Mobil Corp (XOM.N) plans overhauls in the spring and at the end of this year at its 612,000 barrel-per-day Beaumont, Texas refinery, said people…
Traders Place Large $950 Million Bet on Oil Price Falling Hours Ahead of Ceasefire
By , and Investors sold 8,600 oil futures lots before US-Iran ceasefire, LSEG data shows Large single trades are rare, typically spread across exchanges to avoid price impact Oil trading…
US Crude Output to Fall Next Decade on Sub-$70 Brent Price Forecast, EIA Says
(Reuters) – U.S. crude production is expected to decline through the mid-2030s, with global crude futures trading below $70 per barrel through 2030, the U.S. Energy Information Administration said in…
As Trump Claims Victory, Iran Emerges Bruised But Powerful With Leverage Over Hormuz
(Reuters) – Nearly six weeks of war in Iran have ended, for now, with President Donald Trump claiming victory, but the U.S.-Iran ceasefire locks in a harsh reality: an entrenched,…
What the US, Iran, Israel and Pakistan Have Said About the Ceasefire
(Reuters) – The United States, Israel and Iran have agreed to a two-week ceasefire, reached with Pakistani mediation, and U.S. and Iranian officials are expected to hold talks on Friday…
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says
(Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3.1 million barrels to 464.7…
Trump Announces 50% Tariffs on Nations Supplying Iran With Weapons
(Reuters) – U.S. President Donald Trump on Wednesday said any country supplying Iran with military weapons will face immediate 50% tariffs with no exemptions, announcing the duty in a social…
Trump Says US Will Help With Traffic Buildup in Strait of Hormuz
U.S. President Donald Trump said on Wednesday the United States will help with the buildup of shipping traffic in the Strait of Hormuz. Trump on Tuesday agreed to a two-week…
