Trump Says Energy Chief is ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends
(Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying Americans can expect lower costs as soon…
North Dakota Oil Production up 4,000 bpd in February vs January to 1,130,000 bpd – State Regulator
(Reuters) – Oil production in North Dakota rose 4,000 barrels-per-day (bpd) to 1,130,000 bpd in February, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production…
Trump Cites Defense Production Act to Sign Energy-Related Memorandums
(Reuters) – President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle…
Iran ‘Positively’ Reviewing US Peace Talks Participation; No Decision Yet, Official Says
(Reuters) – A senior Iranian official said on Monday that Tehran is positively reviewing its participation in potential peace talks with the United States but that no final decision has…
Phillips 66, Kinder Morgan Move Ahead With New US West Coast Fuel Pipeline
(Reuters) – Phillips 66 and Kinder Morgan have secured enough long-term shipper commitments to move forward with a proposed pipeline project to supply fuel to Arizona and California, they said…
COMMENTARY: Opening Hormuz is the Easy Part. Restoring Oil Flows Isn’t: Bousso
The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world’s most critical oil and gas chokepoint. But one thing is already clear: even…
Oil Prices Rise 5% on Fears of US-Iran Ceasefire Collapse
Summary U.S. seizes Iranian cargo ship Tehran rejects a second round of peace talks Shipping traffic remains at virtual standstill through Hormuz, data shows (Reuters) – Oil prices jumped about…
PERSPECTIVE: Is it Time to Abandon Hope the Strait of Hormuz Will Open Soon?: Russell
A consistent theme in global oil markets since the U.S. and Israel attacked Iran is that the effective closure of the Strait of Hormuz will be short-lived, and therefore so…
Trump, Iran Cite Progress in Talks as Uncertainty Hangs Over Strait
* Tehran says gaps remain over nuclear issues, Strait of Hormuz* Trump cites ‘very good conversations’ * Iran reimposes Strait of Hormuz closure * Shipping remains uncertain after vessels report…
US Lends 26.03 Million Barrels of SPR Oil in Third Batch Since Iran War
The U.S. Department of Energy said on Friday it had loaned26.03 million barrels of crude oil from the Strategic Petroleum Reserve to nine oil companies, the third allotment under the…
