War, Oil Shock, Uncertainty? Time to Raise US Equity Outlook: McGeever

(Reuters) – With visibility on the U.S. economic outlook greatly reduced by the fog of war and $100-a-barrel oil, it might seem an odd time to be getting more bullish…

U.S. Envoy Witkoff Says Iran is Seeking An Off-Ramp

(Reuters) – The United States has sent Iran a “15-point action list” as a basis for negotiations to end the current conflict, U.S. Special Envoy Steve Witkoff said on Thursday,…

Trump Urges Iran to Make a Deal or US Will ‘Keep Blowing Them Away’

(Reuters) – President Donald Trump on Thursday urged Iran to make a deal to end U.S. and Israeli bombing or face more strikes on their country. “They now have the…

US Tracking Closely How to Get Oil Tankers Through Strait of Hormuz, White House Says

(Reuters) – White House press secretary Karoline Leavitt on Wednesday said the United States is tracking “very closely” how to get oil tankers through the Strait of Hormuz. “As far…

Freeport CEO Says Iran War Energy Disruptions Could Delay New US LNG Projects

(Reuters) – Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith…

CERAWeek UPDATE: US Shale Firms Unlikely to Drill at $100 a Barrel Unless High Prices Last Longer, Executives Say

Shale producers helped make the U.S. the top producer in the world and are often counted upon to fill supply gaps because their operations can produce crude relatively quickly. Yet…

Gas, Not Oil, Is Where US Energy Dominance Matters

By In demand. Photographer: Callaghan O’Hare/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: The conflict in Iran represents both an expression of US “energy dominance”…

BlackRock CEO Fink Warns of ‘Global Recession’ if Oil Goes to $150, BBC Reports

(Reuters) – BlackRock CEO Larry Fink said oil prices could reach $150 a barrel and cause a “global recession” if Iran “remains a threat” even after the war ends. “If…

Oil Falls as Reports of 15-Point Proposal Spurs Ceasefire Hopes

Summary Trump cites progress with Iran, US proposes plan to end war Iran tells UN ‘non-hostile’ ships can transit Strait of Hormuz Saudi hikes Yanbu exports to work around Hormuz…

Valero Prepares Restart of Port Arthur, Texas Oil Refinery After Blast, Sources Say

(Reuters) – Valero Energy Corp is preparing to restart its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil ​refinery this week after shutting the plant on ‌Tuesday following an explosion and…