Oil Prices Drop After Trump Cancels Attack on Iran to Seek Nuclear Deal
Oil prices drop after Trump cancels attack on Iran to seek nuclear deal Summary Trump says US will hold off fresh Iran attack to reach quick deal OPEC+ agrees September…
EARNINGS WINDFALL EXPECTED: War-Fueled Oil Rally Set to Lift Shale Profits to Highest Since 2022
Summary Brent averaged $126.41/bbl in April, up from $69.82 in January Analysts expect shareholder returns, not higher drilling (Reuters) – U.S. shale producers are expected to report their strongest quarterly…
Trump Says He Will Hold Off on Fresh Iran Attack in Hope of Quick Deal
President Donald Trump has said the U.S. will hold off on a fresh attack on Iran as long as a deal can be reached quickly to halt Iran’s nuclear ambitions…
Michigan Supreme Court Rejects Permit for Enbridge Oil Pipeline Under Great Lakes
The Michigan Supreme Court has ordered state regulators to reconsider a key permit that allowed a planned tunnel to carry an oil pipeline under part of the Great Lakes to move forward.…
ExxonMobil, Chevron Steer Windfall Profits into Debt Reduction
Big Oil’s windfall profits are becoming a political flashpoint as inflated energy prices stoke inflation around the world ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a…
ExxonMobil Says LNG Projects Diversify Portfolio, Won’t ‘Shy Away’ From Middle East
(Reuters) – ExxonMobil said on Friday its pipeline of liquefied natural gas (LNG) projects would diversify its production away from the Middle East, but the company said it remains committed…
Exxon, Chevron Warn of Continued High Fuel Prices From Iran War
“We’re going to see some upward pressure on product pricing… into the third quarter and perhaps beyond that,” Chevron CEO Mike Wirth said during an earnings call, adding that demand…
US Energy Firms Add Rigs for Sixth Time in Seven Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week added rigs for a sixth time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The…
Oil Prices Settle More Than 1% Higher, Log Strongest Month Since March
Summary Brent up 24% in July, WTI rises 21% Two very large crude carriers exit Strait of Hormuz Twenty-nine commodity vessels transited Bab el-Mandeb strait on Thursday Reuters poll says…
Oil Billionaire Hamm Seeks to Expand in Argentina’s Shale Patch
By and US shale pioneer Harold Hamm is moving to expand his footprint in Argentina’s Vaca Muerta oil basin, home to the world’s fastest-growing shale boom, according to people familiar…
