Insurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran War
(Reuters) – Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as…
US Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA Says
(Reuters) – U.S. crude stocks rose to their highest level since May 2025 last week, the Energy Information Administration said on Wednesday, as exports and imports declined. Crude inventories rose…
US Treasury Secretary Bessent Says Oil Market Well Supplied Amid Iran War
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday that crude oil markets are well supplied amid the U.S.-Israeli war in Iran, and that the U.S. plans to make…
Trump’s Hormuz Shipping Plan is too Little, too Late in Race to Avert Energy Shock: Bousso
By Ron Bousso U.S. President Donald Trump’s current plan to revive shipping through the Strait of Hormuz via financial guarantees and security assistance will require a Herculean international effort. Get…
Goldman Sachs Raises Q2 Brent Oil Price Forecast by $10 to $76 a Barrel
March 4 (Reuters) – Goldman Sachs raised on Wednesday its second-quarter 2026 average price forecast for Brent crude oil by $10 to $76 per barrel and for WTI by $9…
There is Little US LNG Producers Can do to Immediately Replace Lost Qatari Cargoes
Summary US LNG plants running near full capacity, limiting the potential for output increase amid Qatar disruptions Venture Global has the most flexibility, with higher percentage of spot market sales…
Trump to Meet Tech Giants on Energy Pledge Ahead of Midterms
Summary Trump hosts tech leaders to pledge to shield consumers from energy price spikes Effort aims to ease voter concerns over higher electricity bills Companies expected to commit to efficiency…
Hormuz Shutdown Worsens After US Hits Iranian Warship; Tankers Stranded for Fifth Day
The U.S.–Iran war widened on Wednesday after a U.S. strike hit an Iranian warship off Sri Lanka, deepening a crisis that has paralysed shipping through the Strait of Hormuz for…
Oil Prices up 1% as Iran Crisis Disrupts Middle East Supply
Summary Geopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources say (Reuters) – Oil prices rose about 1% on Wednesday as…
Trump Says US to Provide Insurance to All Maritime Trade in Gulf
(Reuters) – President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide insurance and guarantees for the financial security of all maritime trade,…
