mark

US Weighs Oil Futures Market Action to Combat Rising Energy Prices – WH Official

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices, including potential action involving the oil futures market, a senior White House official said. The potential move would mark an unusual attempt by Washington to influence energy prices through financial markets, rather than physical …

US Weighs Oil Futures Market Action to Combat Rising Energy Prices – WH Official Read More »

Trump On Rising Gas Prices During Iran Operation: ‘If They Rise, They Rise’

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

(Reuters) – President Donald Trump said on Thursday he was not concerned about rising U.S. gas prices driven by the widening Iran conflict, telling Reuters in an exclusive interview that the U.S. military operation was his priority. “I don’t have any concern about it,” he said, when asked about the higher prices at the pump. …

Trump On Rising Gas Prices During Iran Operation: ‘If They Rise, They Rise’ Read More »

Trump Tells Reuters US Should Have a Role in Choosing Iran’s Next Leader, Encourages Kurdish Opposition

CDN and International News, Latest / By

(Reuters) – U.S. President Donald Trump told Reuters on Thursday that he wants the United States to play a role in choosing Iran’s next leader and encouraged Kurdish opposition groups to go on the offensive. Trump said in a telephone interview it was very early in the process of picking a new leader but that …

Trump Tells Reuters US Should Have a Role in Choosing Iran’s Next Leader, Encourages Kurdish Opposition Read More »

More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region

Latest, US News / By

(Reuters) – More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil producers in the region. A Bahamas-flagged crude oil tanker was targeted by an Iranian remote-controlled boat laden with explosives while anchored near Iraq’s Khor al …

More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region Read More »

Global Economy Faces Inflation and Growth Test Amid Escalating Conflict in Iran – Goldman

CDN and International News, Latest / By

(Reuters) – A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows. Under its baseline forecast, Goldman expects oil prices to increase a bit further before …

Global Economy Faces Inflation and Growth Test Amid Escalating Conflict in Iran – Goldman Read More »

Energy Dominance Won’t Stop US Fuel Costs Pushing Higher

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

Being the world’s No. 1 driller isn’t enough to shield the country from the effects of the war. By Will Kubzansky The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Average gasoline prices jumped to $3.25 a gallon on Wednesday, according …

Energy Dominance Won’t Stop US Fuel Costs Pushing Higher Read More »

Iran Could Disrupt the Strait of Hormuz With Drones for Months

CDN and International News, Latest / By

By Anna Hirtenstein, Andrew Mills and Jonathan Saul Iran’s drone production capacity is around 10,000 per month Iran’s missile stockpile estimates vary widely, affecting conflict duration Sea mines could prolong disruption in the Strait of Hormuz Drone attacks have penetrated Gulf states’ air defences March 4 (Reuters) – Iranian drone attacks could disrupt the Strait …

Iran Could Disrupt the Strait of Hormuz With Drones for Months Read More »

COMMENTARY: Charting the Widening Impact of the Iran Crisis on Energy Markets

CDN and International News, Energy Commentary, Energy Topics & Technology, Gasoline, Latest / By

LITTLETON, Colorado, March 5 (Reuters) – The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend. The transmission of market jitters through the shipping, fuel and power sectors illustrates how …

COMMENTARY: Charting the Widening Impact of the Iran Crisis on Energy Markets Read More »

COMMENTARY: Jet Fuel’s Huge Price Surge Points to Coming Pain From Iran war

CDN and International News, Latest / By

LAUNCESTON, Australia, March 5 (Reuters) – The explosion in jet fuel prices in Asia is an early indicator that the economic pain of the war in the Middle East is about to become reality for energy consumers. Jet fuel prices in Asia’s ​trading hub Singapore rocketed 72% to $225.44 a barrel on Wednesday, a record …

COMMENTARY: Jet Fuel’s Huge Price Surge Points to Coming Pain From Iran war Read More »

Europe Faces Gas Storage Scramble as Iran Conflict Tightens Supply

CDN and International News, Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas / By

By Nora Buli Europe’s gas storage at 5-year low Refilling will require extra 180 LNG cargoes y/y Iran conflict cuts supply, lift prices European benchmark gas at highest since early 2023 OSLO, March 5 (Reuters) – Europe’s already huge task of refilling gas storage for next winter has suddenly become far riskier and far more …

Europe Faces Gas Storage Scramble as Iran Conflict Tightens Supply Read More »

Subscribe
Subscribe