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EnergyNow Morning Oil Price Report Report Date & Time: October 12, 2026 – 7:12 a.m. MDT – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$92.96 per barrel, up US$1.11, or 1.21%, from Friday’s official settlement of US$91.85. Prices have recovered from overnight losses as concerns about Middle East supply …
(Reuters) – Oil prices have started to fall after a decision to release 100 million barrels of oil and fuel reserves, International Energy Agency executive director Fatih Birol said on Friday. Group of Seven countries agreed on Friday on the release of 100 million barrels of diesel and crude oil from emergency reserves in a …
IEA’s Birol Says Oil Prices Starting to Fall After Reserve Release Decision Read More »
The two US senators from Maine, the state most reliant on home heating oil, asked President Donald Trump this week to tap the country’s emergency stash of the fuel as diesel prices soar to record levels and push up household bills. “We write to request that you release home heating oil from the Northeast Home …
Reuters Soaring fuel costs are increasing pressure on US President Donald Trump to curb diesel exports ahead of November’s midterm elections. But what may seem like an easy fix could unleash a chain reaction that ultimately leaves American consumers and the global economy worse off. Surging energy prices since the start of the Iran war …
Trump’s Diesel Export Dilemma – Good Politics, Bad Economics: Bousso Read More »
Summary Used US oil equipment makes its way to Guanta, Maracaibo ports Larger drilling rigs expected to be exported to Venezuela soon Condition of old equipment, supplies raise questions about reliability (Reuters) – In the sweltering heat in Humble, Texas, just outside Houston, two workers were flattening out a yard with heavy compaction rollers, making …
UNWANTED IN THE US, Old Oil Equipment Finds a New Home in Venezuela Read More »
Summary Fuel costs could lift average monthly bill as much as 13% to $195 from $173 Virginia Electric expects 23% of energy supply from PJM wholesale market, up from 14% in 2021 Dominion says offshore wind project would save customers about $5 billion over first 10 year (Reuters) – Dominion’s fuel costs in Virginia …
Virginia Data Center Boom Pushes Dominion Deeper Into Costly Power Market Read More »
Summary Trump calls out Exxon, Chevron following blowout earnings Trump says his administration saved the oil industry He says Chevron CEO failed to credit his administration for success WASHINGTON, Aug 3 (Reuters) – U.S. President Donald Trump accused ExxonMobil and Chevron on Monday of making “too much money” off higher fuel prices and said the oil giants should “give some of …
Trump Blasts Exxon, Chevron for Making ‘Too Much Money,’ Demands Lower Gasoline Prices Read More »
Summary Brent and WTI at its highest level since mid June U.S. military renews strikes on Iran while tankers come under attack in Strait of Hormuz UAE says Iranian missiles struck oil tankers in Strait of Hormuz, one sailor killed China’s June oil imports hit near 10-year low amid Iran war (Reuters) – Oil …
Oil Hits Four-Week High as US-Iran Conflict Escalates Read More »
By Reuters (Reuters) – Chesapeake Utilities said on Monday its unit Peninsula Pipeline Company will develop, construct and operate a natural gas pipeline project in Florida for about $1.2 billion. The project will help expand natural gas transportation capacity to address regional supply constraints, it said. Utilities have been investing in new infrastructure to improve reliability and …
Chesapeake Utilities Unit to Build $1.2 Billion Florida Gas Pipeline Project Read More »
The U.S. military said on Saturday it launched a new round of strikes against Iran after Islamic Revolutionary Guard Corps forces attacked a Cyprus-flagged container ship transiting the Strait of Hormuz. “A civilian crew member is missing and the vessel is unable to continue the journey due to an onboard fire and significant engineroom …
US Says it Launched Strikes Against Iran After Attack on Cyprus-Flagged Container Ship Read More »
