President Donald Trump on Friday said the U.S. can open the Strait of Hormuz with a little more time, as pressure mounts for his administration to find a quick resolution to a war against Iran. “With a little more time, we can easily OPEN THE HORMUZ STRAIT, TAKE THE OIL, & MAKE A FORTUNE,” Trump …
Trump Says US Can Take Strait of Hormuz With More Time Read More »
By Laila Kearney NEW YORK, April 2 (Reuters) – Federal regulators approved an operating license extension for California’s last-standing nuclear power plant, allowing it to run for another 20 years if it also gets state legislative approval, the governor of the most populous U.S. state said on Thursday. PG&E’s (PCG.N) Diablo Canyon Nuclear Power Plant …
April 2 (Reuters) – Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P. Morgan said in a note on Thursday. J.P. Morgan’s base-case assumption is that the disruption to the strait will …
J.P. Morgan Warns Oil Could Top $150 if Disruptions Persist Into Mid‑May Read More »
LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites, three sources with knowledge of the process said, as interest in North American energy prospects rises due to the Middle East conflict. London-listed BP is …
Oil Giants Show Early Interest in US Gulf Deepwater Field Stake, Sources Say Read More »
By Arathy Somasekhar WTI soars to nearly $114/bbl, highest since March 9 Trump speech did not clarify when Hormuz might reopen WTI heads for biggest daily absolute price rise since 2020 HOUSTON, April 2 (Reuters) – U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as …
US Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on Iran Read More »
(Reuters) – Bahrain’s Foreign Minister Abdullatif bin Rashid Al Zayani told the United Nations Security Council on Thursday he hopes for a council vote on Friday on a resolution Bahrain has drafted to protect commercial shipping in and around the Strait of Hormuz. Oil prices have surged since the U.S. and Israel struck Iran at …
Bahrain Hopes for Vote on Revised Hormuz Resolution on Friday Read More »
(Reuters) – U.S. President Donald Trump’s address to the nation on Wednesday, in which he vowed more aggressive strikes on Iran, has put consumers on course for record fuel prices at the pumps just ahead of the country’s peak summer travel season, market experts said. Americans expected Trump’s speech to outline a plan to end …
(Reuters) – Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns about efforts to undermine rule of law in the Latin American country, U.S. Secretary of State Marco Rubio said on Thursday. The U.S. Federal Maritime Commission said last week that it was closely monitoring a surge in detentions …
China’s Detentions of Panama-Flagged Vessels Raise Concerns, Rubio Says Read More »
(Reuters) – BP named Carol Howle as deputy chief executive on Thursday and said she would oversee the company’s ongoing portfolio review and strategy development. Howle, who served as interim chief executive before Meg O’Neill started the top job on Wednesday, will also return to her former role as head of supply, trading and shipping. …
BP Names Carol Howle as Deputy CEO, to Oversee Portfolio Review, Strategy Read More »
(Reuters) – The United States is not engaged in any discussions to release additional crude oil from strategic stockpiles, an Energy Department official said on Thursday. The International Energy Agency has said it is considering another coordinated release to address supply disruptions stemming from the war in Iran, after its members in March agreed to …
US Not Engaged in Any Talks About New Oil Stocks Release, Official Says Read More »
