Oil Heads for Record Monthly Leap as Houthi Attacks Widen Gulf Conflict
Summary Iran conflict escalates as Houthis attack on Israel Analysts flag concern over Saudi oil exports from Red Sea Iran accuses US of ground assault plans Pakistan prepares to host…
Pentagon Preparing for Weeks of Ground Operations in Iran, Washington Post Reports
Reuters The Pentagon is preparing for weeks of ground operations in Iran, the Washington Post reported Saturday, citing U.S. officials. The plans could involve raids by Special Operations and conventional…
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January,…
Spiking US Diesel Prices Keep Trucking Industry Stuck in Years-Long Slump
By US diesel prices rise due to Iran’s control of Strait of Hormuz Independent truckers slammed by flat demand, high diesel costs Big trucking firms manage fuel costs using surcharges,…
Oil, Gas Exploration is Back: Energy Giants Hunt to Replenish Reserves
(Reuters) – Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston…
Services Firms Feel the Squeeze as Oil Rally From Iran War Fails to Spur Drilling
(Reuters) – Global oilfield services companies are bracing for a hit to earnings as the Iran war disrupts energy infrastructure across the Middle East and producers hold back on new…
Bessent Says Hormuz Ships Insurance Program to Start Soon
By Jennifer A. Dlouhy and Skylar Woodhouse Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move…
Meta Funds Seven Gas Plants to Power Biggest Data Center
By and Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid…
Cuba Looks to Vatican for Help to Ease US Oil Embargo, Washington Post Reports
March 27 (Reuters) – Cuban officials have petitioned the Vatican to help persuade the administration of U.S. President Donald Trump to ease its oil embargo in senior-level meetings with Vatican…
Russia’s Lavrov Says US Wants to Take Over Nord Stream Gas Pipelines
(Reuters) – Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast…
