Goldman Sachs Says Global Oil Demand Takes Big Hit, Sees Risks to Price Forecast
Goldman Sachs said in a note on Friday that global oil demand has declined more than expected, posing two-sided risks to its fourth-quarter 2026 Brent crude price forecast of $90…
Oil Prices Fall on Mounting Hopes for De-Escalation in US-Iran War
Summary Oman said Mina al Fahal operations proceeding normally Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general…
Companies to Add 40 Mln Barrels of Oil to US SPR After Iran War Ends, Energy Secretary Says
(Reuters) – Companies that borrowed oil from the U.S. Strategic Petroleum Reserve in recent months will add an extra 40 million barrels of crude in the form of premiums after…
What Issues Do The US And Iran Need to Resolve for Any Peace Deal?
(Reuters) – Here are the main issues between the United States and Iran as they seek a deal to end their war, which is now in its fourth month: HORMUZ…
Auction of Oil Drilling Rights in Alaska Wildlife Refuge Draws Tepid Response
By Trump’s Alaska drilling rights auction attracted only two bidders Winning bids totaled $3.7 million Only five tracts auctioned out of 58 offered June 5 (Reuters) – The Trump administration’s…
Oil Prices Fall on Mounting Hopes for De-Escalation in US-Iran War
Hezbollah leader rejects Lebanon ceasefire deal Iranian oil exports fall to lowest level in six years, data shows OPEC secretary general says oil demand to remain robust, no change to…
US Energy Firms Add Rigs for Seventh Week in a Row, Says Baker Hughes
By NEW YORK, June 5 (Reuters) – U.S. energy firms this week added rigs for a seventh week in a row for the first time since May 2022, energy services…
AI Power Boom Revives Natural Gas as Infrastructure Bet
By , , and A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of…
US Oil Exports Surge, Draining Domestic Crude Inventories Toward Rock Bottom
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Cushing inventories near operational minimum, risking supply disruptions and crude quality issues US crude exports hit record…
Trump Administration to Auction Oil Drilling Rights in Alaska Wildlife Refuge
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: U.S. will auction 689,000 acres of oil and gas leases in Alaska’s Arctic National Wildlife Refuge Industry…
