Goldman Sees Softer Oil Demand, Flags Two-Sided Risks to 2026 Price Outlook
Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, though it kept its 2026 average forecasts unchanged. The bank…
Oil Settles Down 9% After Iran Declares Strait of Hormuz Open
By Brent and WTI crude make largest daily drops since April 8 US-Iran negotiations progress, according to media report US military blockade of Iran remains in effect HOUSTON, April 17…
Hormuz Reopening Not Like ‘Flipping a Switch’ for Rattled Oil Markets: Professor
Energy industry experts say it could be a while before any calm returns to rattled oil markets after Iran’s top diplomat declared the Strait of Hormuz “completely open” to commercial…
US Drillers Cut Oil and Gas Rigs for Second Straight Week, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second straight week for the first time since March, energy services…
US Energy Department Restores Funding to Carbon Removal Projects
By WASHINGTON, April 16 (Reuters) – The Department of Energy will retain funding for major carbon direct air capture awarded under the Biden administration after targeting them for fund cancellation…
US Law Enforcement Raids Offices of Houston Fuel Trader Ikon Midstream
By , , and U.S. law enforcement executed a federal search warrant at Ikon Midstream’s Houston headquarters Company’s attorney said raid was triggered by Reuters’ October 2025 investigation into alleged…
Oil Falls by Over 10% After Iran FM Declares Strait of Hormuz Open
(Reuters) – Oil prices plunged by over 10% on Friday, extending previous losses, after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz was open…
Trump Officials Urge Oil Industry to Boost Output Amid War
Takeaways by Bloomberg AI Trump administration officials urged US oil producers to boost output amid a global supply shock caused by the war in Iran. The administration is grappling with the…
U.S.-Iran Deal Will Take Months, Gulf and European Officials Say
Leaders want the vital Strait of Hormuz opened immediately to restore energy flows Some Gulf Arab and European leaders believe that a U.S.-Iran peace deal will take about six months…
Trump’s Energy Leaders to Hold Call With CEOs on Iran War, Source Says
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and…
