The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war. The announcement comes a day after the U.S. Energy Department said that the U.S. would …
US allows Countries to Buy Russian Oil Stranded at Sea for 30 Days Read More »
By Siddharth Cavale Iran supreme leader says Strait of Hormuz to remain closed Iranian boats attacked two tankers in Iraqi waters IEA release of 400 million barrels may give limited relief NEW YORK, March 12 (Reuters) – Oil prices settled up about 9% on Thursday, at their highest in nearly four years, as Iran stepped …
Oil Settles Up 9% as Iran Vows to Keep Strait of Hormuz Closed Read More »
By Timothy Gardner and Susan Heavey Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12 (Reuters) – U.S. President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven …
Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers Read More »
March 12 (Reuters) – The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday. U.S. power consumption is set to rise sharply this year and the next, driven by rapid growth in AI and cryptocurrency data centers and increased electrification of heating …
US Department of Energy to Invest $1.9 Billion for Power Grid Upgrades Read More »
By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) – The heads of a number of top exchanges, including CME Group (CME.O) and Toronto Stock Exchange parent TMX Group (X.TO), oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in the aftermath of the Iran conflict. The …
Exchanges Oppose Potential US Treasury Intervention in Oil Futures Market Read More »
(Reuters) – The U.S. Navy, perhaps with an international coalition, will escort vessels through the Strait of Hormuz when it is militarily possible, U.S. Treasury Secretary Scott Bessent told Sky News in an interview on Thursday. “My belief, that as soon as it is militarily possible, the US Navy, perhaps with an international coalition, will …
(Reuters) – U.S. spot natural gas prices for Thursday at the Waha Hub in the Permian Shale in West Texas closed in negative territory for a record 25th straight day as pipeline constraints trap gas in the nation’s biggest oil-producing basin, prompting some analysts to project that gas production could be reduced in the short …
US Natgas Prices at Waha Hub in Texas Remain Negative for Record 25th Day Read More »
One outlook sees ‘six more LNG-Canada-sized projects’ By Don MacLachlan The LNG carrier Gaslog Glasgow loading LNG Canada’s first export cargo (in 2025) By Resource Works More News and Views From Resource Works Here While Ottawa talks of Canada becoming “an energy superpower,” with LNG exports of as much as 100 million tonnes a year, …
Canada’s LNG Exports to Hit New Levels – Resource Works Read More »
(Reuters) – Iranian crude oil has continued to flow through the Strait of Hormuz at a near-normal pace even as Tehran-linked attacks on ships in the narrow waterway have decimated exports from other Gulf countries, a Reuters review of tanker tracking data showed. Iran has exported about 13.7 million barrels of crude oil since Israel …
Iranian Oil Flows Through Strait of Hormuz Even as Gulf Neighbors’ Exports Shut Read More »
(Reuters) – The “Trump always chickens out” investment strategy – buying beaten-down stocks on the assumption that the U.S. president will ultimately back down from his more extreme policies – has, for the most part, been a profitable one. But the Iran war may change that. The joint U.S.-Israeli attack on Iran on February 28 …
