Europe’s Gasoline Exports Shift to Asia as War Roils Fuel Markets

Europe’s gasoline exports have started to increasingly shift to Asia in recent weeks as the crude supply shock in the Middle East is tightening Asian fuel supply.  Europe usually ships…

LNG Exports Plunge to 6-Month Low as War Throttles Supply

Worldwide LNG exports have plunged in the past week to a six-month low as Middle Eastern supply collapsed with the de facto closed Strait of Hormuz and the outage at…

Trump Says US Has ‘Major Points of Agreement’ in Talks With Iran

(Reuters) – President Donald Trump on Monday told reporters the United States has held talks with Iran and that the two sides had “major points of agreement.” Trump said the…

Oil Prices Have Not Climbed Enough to Cause Demand Destruction, US Energy Secretary Chris Wright Says

(Reuters) – Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even…

Why $100 Oil Won’t Break the American Consumer: McGeever

(Reuters) – No one likes expensive oil, especially in the U.S., where driving, spending, and energy-intensive economic activity are on such a vast scale. But despite fears to the contrary,…

Chevron CEO Says it Will Take Time for Energy to Recover From Middle East Production Hit

(Reuters) – Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing U.S.-Israel war with Iran will return. “It will…

US Needs More Energy Development to Power AI, Google President Says

(Reuters) – The U.S. may not be scaling electricity fast enough for the expansion of artificial intelligence, Google’s President and Chief Investment Officer Ruth Porat said on Monday, speaking about…