Iran War is One ‘TACO’ Too Far: McGeever
(Reuters) – The “Trump always chickens out” investment strategy – buying beaten-down stocks on the assumption that the U.S. president will ultimately back down from his more extreme policies –…
Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers
By and Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12…
US Department of Energy to Invest $1.9 Billion for Power Grid Upgrades
March 12 (Reuters) – The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday. U.S. power consumption…
US to Release 172 Million Barrels of Oil From Strategic Petroleum Reserve
The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the…
Trump and Iran Signal No Quick End to War as Oil Tankers Burn in Iraqi Waters
The United States and Iran have signaled no quick end to their war, with U.S. President Donald Trump saying it was necessary to finish the job and Iran warning that…
Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption
Goldman Sachs raised its Brent and WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil…
US Companies to Increase Oil Production Amid Iran Conflict, Interior Secretary Burgum Says
(Reuters) – U.S. Interior Secretary Doug Burgum said on Wednesday that U.S. oil companies will soon announce increased production amid price spikes due to the ongoing Iran conflict. “I think…
Trump to Invoke Emergency Law for California Oil Producer Sable, Bloomberg News Reports
(Reuters) – U.S. President Donald Trump plans to invoke emergency law for Sable Offshore as it looks to restart production from a cluster of offshore platforms in California, Bloomberg News…
Only Trump Can Approve Possible US Participation in Oil Release, Says Burgum
(Reuters) – U.S. Interior Secretary Doug Burgum on Wednesday welcomed the International Energy Agency’s move to release 400 million barrels of oil, but said only President Donald Trump could approve…
Oil Settles up Nearly 5% as Supply Fears Mount Despite Record Stocks Release Plan
Summary Three more vessels hit in Strait of Hormuz Fourteen ships struck since Iran war began IEA proposes release of 400 million barrels of oil Analysts call release insufficient to…
