Oil Inventories are Headed Toward Multi-Decade Lows, US EIA Warns
NEW YORK, June 9 (Reuters) – Oil stockpiles in the world’s largest economies were headed toward the lowest levels since at least 2003 as top consuming nations tapped inventories at…
Permian Strategic Partnership Highlights $2.3 Billion in Regional Investment and Expanding Economic Impact Across the Permian Ba…
New reports show the Permian Basin supports more than 940,000 U.S. jobs, generates billions in state revenue, and continues driving American energy leadership. Get the Latest US Focused Energy News…
Oil Falls as Investors Await Clarity After Iran-Israel Halt Attacks
Oil prices fell on Tuesday, erasing most of the previous session’s gains, after Iran and Israel said they had halted attacks on each other following an appeal from U.S. President…
US Airlines’ Fuel Costs Soared in April to $6.5 Billion
By WASHINGTON, June 8 (Reuters) – Fuel costs for U.S. airlines jumped 78% in April to nearly $6.5 billion compared with the year before, as the Middle East conflict drives…
Oil Market Calm Masks a Host of Unknowns: Bousso
The biggest oil supply shock in decades has entered its fourth month – with no resolution in sight as neither the U.S. nor Iran appears willing to budge – yet…
Oil Prices Climb Over 3% After Israeli Strikes on Iran and Lebanon
Summary Israel strikes on Iran follow strikes on Beirut on Sunday Iran on Sunday retaliated with missile attacks on Israel Iran plans to collect Hormuz transit fees, ambassador quoted as…
Russia’s Sechin Says U.S. Companies Benefit From the Closure of the Strait of Hormuz
Rosneft Chief Executive Igor Sechin said on Saturday that U.S. energy companies were the main beneficiaries of the closure of the Strait of Hormuz and that Washington was trying to…
Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast
Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90…
Oil Prices Fall on Mounting Hopes for De-Escalation in US-Iran War
Summary Oman said Mina al Fahal operations proceeding normally Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general…
Companies to Add 40 Mln Barrels of Oil to US SPR After Iran War Ends, Energy Secretary Says
(Reuters) – Companies that borrowed oil from the U.S. Strategic Petroleum Reserve in recent months will add an extra 40 million barrels of crude in the form of premiums after…
