Iran Demands Inbound Control of Hormuz and Outbound Oversight, Source Says
Iran wants control over inbound shipping through the Strait of Hormuz and visibility over outbound traffic, with the ability to intervene if necessary, under a temporary plan being discussed with…
Mideast War Helps and Harms BP CEO’s Turnaround Ambitions: Bousso
(Reuters) – The Middle East conflict has delivered BP a much-needed windfall through higher oil and gas prices, strengthening CEO Meg O’Neill’s hand as she works to steady the ship.…
BP CEO Says Interest in Its North Sea Business Is Strong
By , , and BP CEO Meg O’Neill Get the Latest US Focused Energy News Delivered to You! It’s FREE: BP Plc’s Meg O’Neill said the company has received approaches…
States Sue Over Latest Trump Tariff Attempt
By A group of US states is suing over Donald Trump’s latest attempt to use a shifting set of federal statutes as a legal basis for his global trade war,…
Duke Energy’s Profit Beats as Higher Power Demand Offsets Rising Expenses
By Aug 4 (Reuters) – Utility Duke Energy (DUK.N) beat Wall Street estimates for second-quarter profit on Tuesday, as higher electricity demand and recovery of rate-based infrastructure investments offset rising…
NRG Energy Misses Quarterly Profit Estimates as Interest Costs Rise
By Aug 4 (Reuters) – Power producer NRG Energy (NRG.N) missed Wall Street estimates for second-quarter profit on Tuesday, weighed down by higher interest expense and costs related to assets…
White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline
(Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it…
US’s Bessent: Could Have Deal With Iran on Hormuz Strait in Next Two Days
(Reuters) – U.S. Secretary Scott Bessent said there could be a deal reached with Iran on the reopening of the Hormuz Strait by Tuesday or Wednesday. “We are in talks…
US Shale Producer EOG Resources Beats Quarterly Profit Estimates on Higher Crude Prices
(Reuters) – U.S. shale producer EOG Resources beat analysts’ estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted…
Devon Energy Posts Highest Quarterly Profit Since 2022 on Higher Prices, Output
(Reuters) – Devon Energy on Tuesday reported its highest quarterly profit since 2022 that also topped Wall Street expectations, benefiting from its merger with Coterra Energy and a surge in…
