Oil Touches Pre-War Levels on Rising Middle East Supply

Summary Brent, WTI hit lowest since February 27 Goldman Sachs says no significant pick-up in Iranian production expected Iraq to consider all options if OPEC quota not raised, sources say…

Iran Peace Deal No Silver Bullet for Fed’s Inflation Dilemma: Mike Dolan

(Reuters) – Peace in the Gulf may ease pump prices, but not the Federal Reserve’s bigger problem: a U.S. economy that may already have been overheating before the Iran war.…

Conservatives Demand Repeal of Biofuel Blending Quotas

Nearly three dozen conservatives – including longtime allies of President Donald Trump – are pushing the House to overturn biofuel-blending quotas imposed by his administration, arguing they are stoking consumer costs before…

Natural Gas Prices Set to Ease as Qatar Restores LNG Output

Natural gas markets are on course to return to balance in the third quarter of the year as the Strait of Hormuz reopens, the head of the Gas Exporting Countries…

Qatar Signs Crude Deal With Taiwan as Gulf Oil Trade Recovers

In the latest sign of recovering oil flows in the Persian Gulf, Qatar inked a deal with a Taiwanese refiner for the sale of a cargo of Al-Shaheen crude, Bloomberg…

Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices

President Donald Trump has listed Exxon, Chevron, Shell, and BP as being among companies responsible for excessively high fuel prices, following the announcement of a federal government probe into price-gouging…

Iraq Could Quit OPEC in Bid to Pump More Oil

OPEC’s second-largest producer, Iraq, is considering exiting the cartel if the organization rejects Baghdad’s plan to boost its oil production quota in line with some of the other members, sources…

$70 Oil Could Put India Back on Track for 7% Economic Growth

India’s economy could return to the trajectory to grow by 7% and even more in the fiscal year through March 2027 if oil prices remain close to the current $70…

ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project

The national oil company of the United Arab Emirates, ADNOC, has signed agreements with BP and TotalEnergies to let the European oil and gas supermajors take 10% each in the…

China to Increase Fuel Export Allowances for July

China is raising the volume of fuels it is allowing state refiners to export, in a move that would alleviate concerns about tight refined petroleum supplies in Asia. China’s authorities…