ConocoPhillips Cuts Annual Production Targets as Iran War Disrupts Operations
By April 30 (Reuters) – Oil and gas producer ConocoPhillips (COP.N) on Thursday forecast a lower annual output and excluded Qatar from its near-term outlook, citing disruption to its operations…
Iran Threatens Painful Response if US Resumes Attacks, Oil Prices Seesaw
By and Iran vows painful response to any new US attack Trump to be briefed on options by US military US puts pressure on allies to help open Strait of…
Valero Energy Beats Profit Estimates on Strong Refining Performance
April 30 (Reuters) – U.S. refiner Valero Energy (VLO.N) surpassed Wall Street expectations for first-quarter adjusted profit on Thursday, helped by strength in its refining segment, margins and throughput volumes.…
US Naval Blockade Squeezes Iran’s Oil Exports, Forces Crude Onto Floating Storage
(Reuters) – A U.S. naval blockade of Iranian ports has shrunk Tehran’s oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space,…
Why $100 Oil is No Longer Spooking Equity Markets: Stephen Jen
(Reuters) – Why have global equity markets been so resilient to the Iran oil shock? Because $100 a barrel oil doesn’t mean what it used to. Brent crude has risen…
Prospect of Prolonged Iran War Disruption Drives Oil Forecasts Higher
Ships and boats in the Strait of Hormuz, Musandam, Oman, April 24, 2026. REUTERS/File Photo Summary Brent projected to average $86.38 per barrel in 2026 WTI projected to average $80.07…
Trump Welcomes United Arab Emirates Exit From OPEC
(Reuters) – U.S. President Donald Trump on Wednesday welcomed the United Arab Emirates’ move to pull out of OPEC and said he thinks the move could help lower oil prices.…
Gasoline Stocks Plummet, Prices Climb with Peak Demand Season Around the Corner
(Reuters) – U.S. drivers can expect another spike in gasoline prices in the coming days, just as the summer driving season gets underway, as the conflict in Iran drives oil…
US Oil Stocks Plummet, Country Becomes Net Crude Exporter on Weekly Basis for First Time, EIA Says
By and Brent, WTI futures extend gains after report US crude exports hit record 6.44 million bpd, driving inventory drawdowns Gasoline and distillate stocks fall sharply ahead of US driving…
Ares to Acquire Rover Natgas Pipeline Stake from Blackstone
(Reuters) – Ares Management said it has acquired a stake in the Rover natural gas pipeline from a unit of fellow investment firm Blackstone for an undisclosed sum, as interest…
