Oil on Track for Weekly Gains Despite US Sanctions Waiver on Russian Oil
Summary US puts forward measures aiming to ease supply tightness Disruption of trade through Strait of Hormuz continues Goldman expects Brent will average over $100 a barrel in March (Reuters)…
Oil Settles Up 9% as Iran Vows to Keep Strait of Hormuz Closed
By Iran supreme leader says Strait of Hormuz to remain closed Iranian boats attacked two tankers in Iraqi waters IEA release of 400 million barrels may give limited relief NEW…
Oil Unlikely to Hit $200 a Barrel, US Energy Chief Says
U.S. Energy Secretary Chris Wright said on Thursday global oil prices are unlikely to hit $200 a barrel even as crude tankers remained stalled in the Strait of Hormuz and…
How Have US Presidents Tapped Strategic Petroleum Reserves During War?
(Reuters) – The U.S. plans to release 172 million barrels of oil from its Strategic Petroleum Reserve, more than 40% of a wider release coordinated with allies, to help dampen…
Exchanges Oppose Potential US Treasury Intervention in Oil Futures Market
By BOCA RATON, Florida, March 12 (Reuters) – The heads of a number of top exchanges, including CME Group (CME.O) and Toronto Stock Exchange parent TMX Group (X.TO), oppose any…
US Navy Could Escort Vessels in Strait of Hormuz With International Coalition, Bessent Says
(Reuters) – The U.S. Navy, perhaps with an international coalition, will escort vessels through the Strait of Hormuz when it is militarily possible, U.S. Treasury Secretary Scott Bessent told Sky…
US Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th Day
(Reuters) – U.S. spot natural gas prices for Thursday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 25th straight day…
Iran War is One ‘TACO’ Too Far: McGeever
(Reuters) – The “Trump always chickens out” investment strategy – buying beaten-down stocks on the assumption that the U.S. president will ultimately back down from his more extreme policies –…
Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers
By and Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12…
US Department of Energy to Invest $1.9 Billion for Power Grid Upgrades
March 12 (Reuters) – The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday. U.S. power consumption…
