US Oil Exports in July Fall to Lowest Level in Eight Months, Data Shows
Summary Share of crude exports to Asia shrinks to 40% in July from 52% in June US refinery utilization averages about 96.3%, highest since 2018, EIA data shows August, September…
Trump Blasts Exxon, Chevron for Making ‘Too Much Money,’ Demands Lower Gasoline Prices
Summary Trump calls out Exxon, Chevron following blowout earnings Trump says his administration saved the oil industry He says Chevron CEO failed to credit his administration for success WASHINGTON, Aug…
Oil Gains Over 2% as Talks to End US-Iran War Remain Uncertain
Summary Brent and WTI crude prices down nearly 4% Qatar says efforts ongoing with all parties for diplomatic resolution to US-Iran conflict Shipping traffic at key Gulf waterways little changed…
Marathon Petroleum Beats Quarterly Profit Estimates on Refining Margin Boom
(Reuters) – Marathon Petroleum’s quarterly profit beat Wall Street’s estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war on Iran pushed refining margins to multi-year highs. Shares of the…
Trump Demands Lower Gas Prices From Oil Companies, Chides Chevron CEO
U.S. President Donald Trump again called on oil companies to lower gasoline prices for American consumers on Monday, chiding Chevron Chief Executive Mike Wirth for not crediting his administration’s efforts to help…
How Iran is Widening its Pressure Campaign to Force US Concessions
Iran is betting it can outlast Washington by turning the Middle East’s trade routes, shipping lanes and energy infrastructure into pressure points that steadily raise the cost of confrontation, according…
PIPELINE OPPOSITION: Washington State Congressman Wants Spill Response Review for Canada’s Alberta Pipeline to B.C.
A congressman from Washington State says the U.S. Coast Guard should review and update oil spill response plans as news of a planned pipeline from Alberta to B.C. would increase…
M&A: Williams Agrees to Buy Momentum Midstream for $5.5 Billion
Takeaways by Bloomberg AI Williams Cos. reached a deal to buy Momentum Midstream LLC from EnCap Flatrock Midstream through a deal valued up to $5.5 billion, expanding its natural gas network…
A (TEMPORARY) GOLDEN ERA – Iran War Ushers in Oil Refining Golden Era. It Won’t Last: Ron Bousso
Reuters Bumper oil refining profits triggered by the Iran war are turbocharging Big Oil’s earnings, breathing new life into a business many investors had largely written off. The sector looks…
Trump Says He Does Not Care About USMCA as US, Canada Plan Trade Talks
Summary Trump says USMCA more important to Mexico, Canada than to US Canada’s US trade minister to visit Washington this week for more talks Steelworkers, Machinists unions urge US to…
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