Brent Oil Curve Weakens Further as Prompt Supply Glut Swamps Market
What Natural Gas’s Ascendancy Says About the US
Oil Prices Little Changed as US-Iran Peace Efforts Hold
TotalEnergies Offers Millions of Barrels of Iraqi Crude to Asian Buyers
Americans Hit Road for July 4 Despite High Gasoline Prices
Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return
India Denies Directly Exporting Fuel to Russia, But Admits Traders May Be
Citi: Oil Could Sink to $60 as Hormuz Traffic Normalizes
Soaring Imports Push India’s Crude Stocks to Near 1-Year High
Japan’s Top Oil Refiner Eyes a Post-Hormuz Future
Permission granted for commissioning work on Akkuyu 2
The application for the permit was submitted to the regulator – Nükleer Düzenleme Kurumu (NDK) – in May 2025. The documents detailed “the unit’s commissioning stages, associated technological operations, and the operating personnel training…
Occidental Scraps New Oil Hedges as Iran War Fuels Price Volatility
(Reuters) – U.S. shale producer Occidental Petroleum will not add more oil hedges this year after volatility in crude prices following the Iran war led to lower realized prices. Speaking…
US Says Airline Jet Fuel Costs Jumped $1.8 Billion or 56% in March
(Reuters) – Major U.S. passenger airlines spent just over $5 billion on jet fuel in March, up $1.8 billion or 56% from what they spent in February, the U.S. Transportation…
Average U.S. Gasoline Price Tops $4.50 to Near Four-Year High
The national average price of gasoline in the United States has just topped $4.50 per gallon, the highest level since the middle of July 2022, according to data from GasBuddy,…
Lufthansa Warns Strait of Hormuz Closure Will Add $2 Billion in Fuel Costs
Lufthansa Group expects the surge in jet fuel prices to cost it an additional $2 billion this year as the closure of the Strait of Hormuz “is leading to a…
UAE advances graphene production through Dana Gas-Levidian deal
By 18 min ago 4 min read UAE-based Dana Gas has signed a deal with UK cleantech firm Levidian to develop a graphene production site in Sharjah, as the country…
SpaceX plans $55bn Terafab chip facility in Texas
By 27 min ago 2 min read US space exploration company SpaceX plans to build a $55bn semiconductor manufacturing and advanced computing fabrication facility in Grimes County, Texas. The Terafab…
“AI”ING IT: Exxon Using AI for Faster Analysis of Guyana’s Oil Fields, VP of Exploration Says
(Reuters) – Exxon Mobil is using artificial intelligence and new technology to interpret seismic data from Guyana in days rather than months, John Ardill, the company’s vice president of exploration,…
COMMENTARY: Trump Broke OPEC. He May Regret It: Bousso
(Reuters) – U.S. President Donald Trump’s military forays in Venezuela and Iran have weakened OPEC more than anyone thought possible just months ago. The White House may view this as…
NRG Energy Misses Quarterly Profit Estimates on Mild Texas Weather, Higher Costs
May 6 (Reuters) – Power producer NRG Energy on Wednesday missed Wall Street estimates for first-quarter adjusted profit, hurt by milder weather in Texas and increased costs. Get the Latest US…
