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US Likely to Extend Russian Oil Waiver to Temper Iran War Shock, Sources Say

Conventional Energy, Latest, Oil, US News / By

By Dmitry Zhdannikov, Jarrett Renshaw and Timothy Gardner Waiver part of US effort to control fuel prices during war Russia, Iran waivers criticized by US lawmakers in both parties Waiver expires at midnight EDT on Friday WASHINGTON, April 10 (Reuters) – U.S. President Donald Trump’s administration is likely to extend as soon ‌as Friday a …

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What the Trump Tax Breaks Giveth, the Gasoline Pump Taketh Away

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

By David Lawder Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows Economists cut US consumption, GDP forecasts due to higher energy cost WASHINGTON, April 10 (Reuters) – U.S. President Donald Trump in February touted this year’s …

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US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 545 in …

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Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates

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

(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle East-related energy market disruption. The U.S.-Israel war on Iran has caused a massive disruption of energy supplies as the Strait of Hormuz, a conduit for …

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Vance Warns Iran Not to “Play Us” as He Leaves for Talks

Latest, US News / By

(Reuters) – Vice President JD Vance said on Friday he was looking forward to having positive negotiations with Iran as he left for talks in Pakistan with a warning to Tehran not to “play us.” “We’re looking forward to the negotiation. I think it’s going to be positive,” Vance told reporters before leaving Washington. “As …

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Iran-Linked Ships Drive Traffic Through Strait of Hormuz– Ship Tracking Data Shows

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – The majority of ships that have sailed through the Strait of Hormuz in the past day were linked to Iran, ship tracking data showed on Friday, with other vessels putting off making voyages despite a two-week ceasefire agreed this week between Tehran and Washington, according to data and shipping sources. Three tankers – …

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Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in …

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Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar

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

By Kevin Crowley The surge in oil and natural gas prices from the Iran war might seem like good news for the world’s biggest energy companies, but disruptions to production in the region, shipping blockades and hedging losses make the reality far more complicated. Exxon Mobil Corp. and Chevron Corp. lost about 6% of their …

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Ovintiv Announces Closing of Anadarko Asset Sale

Latest, Press Releases / By

DENVER, April 9, 2026 /PRNewswire/ – Ovintiv Inc. (NYSE: OVV) (TSX: OVV) (“Ovintiv” or the “Company”) today closed the previously announced all cash sale of its Anadarko assets, located in Oklahoma, for $3.0 billion. After customary closing adjustments, proceeds from the sale are expected to total approximately $2.85 billion. “The Anadarko sale completes the transformation of our …

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PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz

CDN and International News, Conventional Energy, Latest, Oil, Tri-Pinned / By

(Reuters) – Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of ​shipping through the Strait of Hormuz, three sources with knowledge of the matter said. A two-week ‌ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for …

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