Iran Prolongs Talks in Stalemate to Influence US Midterms, Officials Say

CDN and International News, Latest / By

(Reuters) – Iran has deliberately prolonged talks with the US to try to weaken Donald Trump politically ahead of November’s US midterm elections, senior officials say, while fears of renewed military action and deep distrust of Washington have reinforced Tehran’s reluctance to strike a quick deal to end the war. Three senior Iranian officials and …

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Asian Refiners Use Smaller Tankers, Buy Delivered Crude as Freight Rates Soar

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

(Reuters) – Asian refiners are turning to options such as using smaller tankers and vessels on long-term charter, and buying Middle East crude on delivered basis to cut feedstock costs as freight rates hover near records, company officials said. Spot rates for oil tankers hit all-time highs in early October as Middle East producers ramped …

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Oil Majors Face Spending Test From Iran War Windfall Cash

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resist a spending spree. The severe disruption of the Strait of Hormuz since US-Israeli airstrikes …

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IEA Oil Stocks Release Timing is up to Individual Members, Chief Says

CDN and International News, Conventional Energy, Latest, Oil / By

LONDON, Oct 20 (Reuters) – The timeline for the release of 20 million barrels ​of diesel from International Energy Agency ‌members’ emergency reserves depends on individual countries and the oil market situation, the ​agency’s top official said on ​Tuesday. The IEA decided last week to accelerate ⁠the release of oil remaining ​from a record emergency …

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Russian Diesel Returns to Familiar Destinations Following Export Ban Lift, Shipping Data Shows

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  LONDON, Oct 20 (Reuters) – Russian diesel cargoes are returning to their main previous ​customers following the US-brokered lifting of Moscow’s ‌export ban, with at least two tankers signaling voyages to Turkey and Brazil in recent days according to ​shipping data from Kpler and LSEG. Usually the ​world’s second-largest exporter of diesel after the …

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‘REDUNDANT’? – Hormuz Could be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says

Conventional Energy, Latest, Oil, US News / By

  DUBAI, Oct 20 (Reuters) – Investment in alternative logistics routes in the Gulf to mitigate the impact of ​the Iran war could make the Strait of Hormuz “redundant” in the ‌next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has highlighted the world’s heavy reliance on the strategic waterway, …

‘REDUNDANT’? – Hormuz Could be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says Read More »

Russia Expands Attacks on Energy Facilities to Western Ukraine

CDN and International News, Conventional Energy, Latest, Oil / By

  KYIV, Oct 20 (Reuters) – Russia has expanded strikes from eastern ​and central Ukraine to energy facilities in previously ‌untargeted western regions, causing waves of blackouts, energy ministry officials and local authorities said on Tuesday. In October, before the start of ​the cold season, Russia resumed attacks on Ukraine’s energy ​sector, targeting power plants …

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TRUMP’S HAIL MARY: What Impacts Will the Trump-Putin Diesel Deal Have? – Yogi Schulz

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

  By Yogi Schulz Trump’s deal with Russia to export diesel seems like a desperate attempt to lower sky-high US retail diesel prices, as shown in the chart below, and to change the dismal outlook for Republican candidates in next month’s US mid-term election. Source: Motor Fuel Prices – September 2026, Bureau of Transportation Statistics …

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Oil Prices Surge as Middle East Attacks Push Brent Above $111 and WTI Back Above $100

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

EnergyNow Morning Oil Price Report Report Date & Time: October 20, 2026 – 5:35 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is indicated at US$100.78 per barrel, up US$2.24, or 2.27%, from Monday’s official December-contract settlement of US$98.54. Oil is rising as renewed Middle East attacks increase concerns …

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Halliburton Tops Estimates as Latin America, Europe Cushion North American Weakness

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

Oct 20 (Reuters) – Halliburton topped Wall Street expectations for third-quarter revenue and profit, as higher demand for its oilfield equipment in Latin America helped ​offset muted activity in North America and subdued revenue in ‌the Middle East and Asia. Shares of the company, which kicked off the earnings season for US oilfield service providers, …

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