Summary Dubai crude benchmark’s premium slips back to pre-war levels Naphtha goes into contango, diesel and fuel oil backwardation narrows Margins for transport fuels retain strength on low stocks SINGAPORE, June 16 (Reuters) – Spot premiums for crude and some refined products in Asia have fallen back to pre-war levels following a U.S.-Iran deal to …
Summary Stock-based pay grants for top 15 utility CEOs totals $993 million Grid upgrades could surpass $1 trillion in the next decade, analysts said U.S. residential customers faced 13.4 million disconnections in 2024 – EIA data (Reuters) – The U.S. electric grid’s mounting reliability problems have contributed to higher power bills for millions of homes …
US Grid’s $1 Trillion Problem Could Equal a $1 Billion Payout for Power CEOs Read More »
Summary Prices at three-month lows, but above pre-war levels Some analysts expect Hormuz flows to resume in several weeks U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf June 16 (Reuters) – Oil prices fell more than 2% on Tuesday to a fresh three-month low as markets weighed prospects for …
Oil Drops Over 2% to 3-Month Low as Markets Weigh US-Iran Peace Deal Read More »
The U.S.’s emergency oil reserve was already significantly depleted when Trump took office 16 months ago Bloomberg News The United States’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by …
U.S. Oil Reserve Hits 43-Year Low as Trump Aims to Tame Prices Read More »
Citi on Monday cut its average Brent crude forecasts to $75 and $70 per barrel for the third and fourth quarters of 2026, respectively, citing expectations that the Strait of Hormuz trade flows will resume and normalize after the U.S. and Iran approved a memorandum of understanding to end the war in the …
Citi Cuts Brent Forecasts as U.S.-Iran MoU Points to Strait of Hormuz Flow Normalization Read More »
U.S. Vice President JD Vance said on Monday that he hopes text of an agreement to halt the war in Iran and open the Strait of Hormuz will be released this week, as further negotiations over the deal’s details were set to continue. In an interview on CNBC, Vance also said the United States expects …
Vance Says He Hopes to Release Text of Agreement to Halt War in Iran This Week Read More »
India’s Petronet sent a liquefied natural gas tanker through the Strait of Hormuz, the only shipment on Monday since the United States and Iran reached a peace deal to reopen the strategic waterway, shiptracking data showed. The limited traffic underscores wariness among shippers who have welcomed the deal but are still waiting for more details …
One LNG Tanker Passes Hormuz After US-Iran agree to Deal, Shippers Stay Cautious Read More »
Ensuring the Strait of Hormuz is safe from mines could delay a return to normal shipping traffic by weeks following a deal to reopen the waterway, shipping and maritime security sources say. The operation by conventional minesweepers and state-of-the-art underwater drones could continue for 40 to 50 days before many insurance, shipping or oil …
Scouring the Strait of Hormuz for Mines Could Take Weeks Read More »
The U.S.-Iran deal ending months of fighting and reopening the Strait of Hormuz will prompt a collective sigh of relief from energy exporters and importers alike. But the fragile calm may not prevent future flare-ups, casting doubt over how quickly – or fully – tanker traffic through the vital waterway can return to normal. …
Fragile Iran Deal Offers Oil Relief, but Hormuz Risks Remain: Bousso Read More »
June 15 (Reuters) – U.S. energy shares fell in premarket trading on Monday as crude prices tumbled after Washington and Tehran reached an initial deal that could end the months-long conflict and reopen the vital Strait of Hormuz. The U.S. and Iran will sign a memorandum of understanding in Switzerland on Friday, Pakistan’s prime minister said, after …
EARLY TRADING: US Energy Shares Fall as Iran Deal Lowers Hormuz Disruption Risk Read More »
