China Oil Import Cut, Higher US Exports Wrongfoot Market Bulls
(Reuters) – As prices for physical crude oil hit all-time highs of over $160 per barrel last month, analysts and traders alike rushed to predict a market Armageddon if the…
Goldman Sachs Sees China’s Natgas Destocking Boosting LNG Imports Ahead of Winter
(Reuters) – China’s gas destocking signals stronger LNG imports ahead of winter, reinforcing upside risks to European gas prices, particularly if disruptions to Hormuz energy flows persist, Goldman Sachs said…
EU Regulators to Decide on Baker Hughes’ $13.6 billion Chart Deal by June 26
(Reuters) – EU antitrust regulators will decide by June 26 whether to clear oilfield services firm Baker Hughes’ $13.6 billion acquisition of Chart Industries, according to a European Commission filing. Baker…
Oil Prices Rise as Investors Doubt Breakthrough in US-Iran Peace Talks
Summary Iran, U.S. maintain opposing stances on Tehran’s uranium stockpile, Strait of Hormuz OPEC+ leaders expected to up July oil output target, sources say WTI, Brent headed for weekly losses…
Exxon May Acquire Rights to Produce Oil in Venezuela, NYT Reports
May 21 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) is in talks to acquire rights to produce oil in Venezuela nearly two decades after it was effectively expelled from…
Americans Brace for Pricey Summer Travel With Fuel Costs Near Multi-Year Highs
By Automobile association expects record 39.1 million to travel by car this weekend Gasoline prices surge due to Iran conflict; Strait of Hormuz closure impacts supply Analysts warn that low…
US Keeps Dakota Access Pipeline Open With Tighter Environmental Checks
Army Corps mandates stricter safety, monitoring for Dakota Access pipeline Conditions include enhanced leak detection, water monitoring systems, independent review of pipeline leak No new pipeline segments authorized HOUSTON, May…
US Natural Gas Storage Capacity Rises in 2025, Says EIA
(Reuters) – U.S. underground natural gas storage capacity of the 375 active storage fields in the Lower 48 states increased in 2025, according to an annual report by the U.S.…
Inside the Unraveling of U.S. Diplomacy Under Trump
(Reuters) – When Donald Trump warned Iran on April 7 that “a whole civilization will die tonight,” a European diplomat in Washington said his government wanted an urgent answer to…
ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short
By The head of ConocoPhillips said Venezuela’s initial steps to attract foreign oil companies that could help revive the nation’s production are falling well short of what’s needed to convince…
