US Crude Premiums Climb to Record Levels as Asia, Europe Compete for Supply
Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian and European refiners for supply heats up to replace Middle Eastern oil flows…
Trump Threatens to Hit Iran Infrastructure on Tuesday if Strait Remains Blocked
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US Intelligence Warns Iran Unlikely to Ease Hormuz Strait Chokehold Soon
Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the…
Trump Says US Can Take Strait of Hormuz With More Time, Take the Oil and Make a Fortune
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Oil Giants Show Early Interest in US Gulf Deepwater Field Stake
LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites,…
US Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on Iran
By WTI soars to nearly $114/bbl, highest since March 9 Trump speech did not clarify when Hormuz might reopen WTI heads for biggest daily absolute price rise since 2020 HOUSTON,…
US Regulators Grant California’s Last Nuclear Power Plant 20-Year Operating Life Extension
By NEW YORK, April 2 (Reuters) – Federal regulators approved an operating license extension for California’s last-standing nuclear power plant, allowing it to run for another 20 years if it…
US Drillers Add Oil and Gas Rigs for First Time in Three Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added to the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes…
BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy
(Reuters) – BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company’s ongoing portfolio review and strategy development. Howle, who served as interim…
US Not Engaged in Any Talks About New Oil Stocks Release, Official Says
(Reuters) – The United States is not engaged in any discussions to release additional crude oil from strategic stockpiles, an Energy Department official said on Thursday. The International Energy Agency…
