(Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making “too much money.” …
White House Set to Extend Jones Act Waiver as Trump Hunts for Cheaper Gasoline Read More »
(Reuters) – U.S. Secretary Scott Bessent said there could be a deal reached with Iran on the reopening of the Hormuz Strait by Tuesday or Wednesday. “We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the Strait and move towards …
US’s Bessent: Could Have Deal With Iran on Hormuz Strait in Next Two Days Read More »
(Reuters) – Asia’s crude oil imports climbed to the highest in July since the Iran war started, but were still 15% below pre-conflict levels. The top-energy consuming continent saw imports of 22.82 million barrels per day in July, according to data compiled by commodity analysts Kpler. This was down about 4 million bpd from the …
Asia Crude and Fuel Imports Recover, Still Shy of Pre-Iran War Levels: Russell Read More »
(Reuters) – The Middle East conflict has delivered BP a much-needed windfall through higher oil and gas prices, strengthening CEO Meg O’Neill’s hand as she works to steady the ship. But the Iran war has also made the future of the energy business less predictable, complicating BP’s efforts to chart a long-term course. BP today …
Mideast War Helps and Harms BP CEO’s Turnaround Ambitions: Bousso Read More »
By Anna Edwards, Lizzy Burden, and Mitchell Ferman BP CEO Meg O’Neill BP Plc’s Meg O’Neill said the company has received approaches for its North Sea business just days after announcing it’s up for sale, and any changes in UK policy won’t sway her into keeping the assets. Several potential buyers have expressed interest in …
BP CEO Says Interest in Its North Sea Business Is Strong Read More »
By David Rovella A group of US states is suing over Donald Trump’s latest attempt to use a shifting set of federal statutes as a legal basis for his global trade war, adding to similar lawsuits by groups of small businesses that contend the levies — like many previously tried by the Republican president — …
By Pranav Mathur Aug 4 (Reuters) – Utility Duke Energy (DUK.N) beat Wall Street estimates for second-quarter profit on Tuesday, as higher electricity demand and recovery of rate-based infrastructure investments offset rising expenses. The Charlotte, North Carolina-based company posted an adjusted profit of $1.43 per share for the three months ended June 30, compared with …
Duke Energy’s Profit Beats as Higher Power Demand Offsets Rising Expenses Read More »
By Dharna Bafna Aug 4 (Reuters) – Power producer NRG Energy (NRG.N) missed Wall Street estimates for second-quarter profit on Tuesday, weighed down by higher interest expense and costs related to assets acquired from LS Power, sending its shares down 10% in morning trading. Higher-for-longer interest rates have put pressure on power companies by raising …
NRG Energy Misses Quarterly Profit Estimates as Interest Costs Rise Read More »
By Gabriel Cohen | Design Clayton Wadsworth Key Takeaways Across more than 25,000 respondents, only 41% believe their country is on the right track in 2026. Singapore (86%), Malaysia (74%), and India (69%) have the highest right-track ratings among the countries surveyed. France ranks last at 10%, followed by Peru at 15% and Great Britain …
Which Countries Think They’re on the Right Track? Read More »
Iran wants control over inbound shipping through the Strait of Hormuz and visibility over outbound traffic, with the ability to intervene if necessary, under a temporary plan being discussed with Oman to reopen the strategic waterway, a senior Iranian source told Reuters on Tuesday. The source, who is involved in the talks, said this …
Iran Demands Inbound Control of Hormuz and Outbound Oversight, Source Says Read More »
