Jeff Currie Sees ‘Extremely High’ Risk of $5 Gas by Midterms

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, US News / By

By Jonathan Ferro, Lisa Abramowicz, and Annmarie Hordern Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections, citing a toxic combination of scarcity and currency debasement. Shortages that began in refined products are now spreading upstream into crude oil as the energy shock …

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Pennsylvania Data Center Limits Are a Threat to Gas Firms, Trade Group Says

Artificial Intelligence, Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Julian Hast Pennsylvania Governor Josh Shapiro’s new restrictions on data center development threaten a key source of demand growth for shale gas producers in the state, according to an industry trade group. “We were disappointed in the announcement in that it sends the wrong message to these incredible economic opportunities that are presented for …

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Oil Tanker Rates Hit Record Highs Following Iran, US Shipping Attacks

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(Reuters) – The cost of shipping oil in the largest tankers hit record highs this week following the biggest wave of attacks on shipping since the U.S.-Iran war began in late February. The shipping rate for supertankers – also called very large crude carriers or VLCCs – loading oil from the Gulf of Oman for …

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Chevron to Fund $7 Billion Venezuela Investment With Revenue From Existing Operations, CEO Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

(Reuters) – Chevron’s planned $7 billion investment in Venezuela will come entirely from cash generated by the U.S. oil major’s three existing joint ventures in the country, not new outside capital, CEO Mike Wirth said on Friday. “We’ll live entirely within the means of those ventures’ ability to generate cash, not bring in cash from …

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White House Weighs How to Use Defense Production Act to Expand US Oil Refining Capacity, Sources Say

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(Reuters) – The White House is weighing how to use the Defense Production Act to expand U.S. oil refining capacity as the conflict with Iran exposes the country’s vulnerability to global crude supply disruptions and price spikes, according to two sources familiar with the administration’s plans. Considering such an extraordinary step highlights how the Trump …

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QatarEnergy Seeks US LNG Deals Through to 2031, Sources Say

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(Reuters) – QatarEnergy is negotiating with several producers to secure multi-year U.S. liquefied natural gas contracts through 2031 to replace capacity knocked out by Iranian attacks that will take years to repair, three trading and industry sources said. Discussions include with Venture Global, Cheniere and Woodside, two of the sources said. The contract talks are …

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Chevron CEO Says Depleted Crude Oil Buffers Could Lead to Higher Prices

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries have released some crude stockpiles to the market, and the …

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Oil Ends Above $100 Despite Friday Pullback as Middle East Supply Crisis Drives Big Weekly Gain

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

EnergyNow Friday Oil Price Report Report Date & Time: September 11, 2026 – 3:02 p.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude finished Friday at US$100.05 per barrel, down US$2.43, or 2.37%, from Thursday’s US$102.48 settlement. Despite Friday’s decline, WTI gained US$8.57, or 9.37%, for the week, finishing above …

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US Energy Firms Add Rigs for First Time in Four Weeks, Baker Hughes Says

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Oil / By

  U.S. energy firms added rigs this week for the first time in four weeks, energy services firm Baker Hughes said in its report on Friday. The total oil and gas rig count, an early indicator of future output, rose by three to 591 in the week to September 11, its highest since mid-August. Baker …

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Italy Moves to Speed Oil, Gas Projects in Energy Security Push

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

(Reuters) – Italy adopted measures on Thursday aimed at boosting domestic oil and gas production, Prime Minister Giorgia Meloni said, seeking to cut red tape for drilling licences and reduce dependence on fossil fuel imports. Italy currently produces about 29 million barrels of crude oil a year, mainly in the southern region of Basilicata, and …

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