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Trump Says Energy Chief is ‘Wrong,’ Expects Lower Gas Prices as Soon as Iran War Ends

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

(Reuters) – U.S. President Donald Trump on Monday dismissed his top energy official’s view that gas prices will not drop until 2027, saying ​Americans can expect lower costs as soon as the Iran war ‌ends. On Sunday, U.S. Energy Secretary Chris Wright told CNN that while gasoline below $3 a gallon “could happen later this year, that …

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Trump Cites Defense Production Act to Sign Energy-Related Memorandums

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(Reuters) – President Donald Trump invoked the Defense Production Act on Monday to sign a series of energy-related presidential memorandums, the White House announced, as his administration aims to tackle rising fuel prices as a result of U.S. and Israel’s war on Iran. Trump signed memorandums on coal supply chains, domestic petroleum production, natural gas …

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EU Has Reserves, Production for Five-Months Supply of Jet Fuel, Dutch Government Says

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

AMSTERDAM, April 20 (Reuters) – The Dutch government on Monday estimated that the European Union could supply enough kerosene ​to the EU’s economy to last about five months, drawing on ‌domestic production and strategic reserves. European airlines have warned of potential jet fuel shortages within weeks as a result of the Iran war. The Dutch …

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Phillips 66, Kinder Morgan Move Ahead With New US West Coast Fuel Pipeline

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(Reuters) – Phillips 66 and Kinder Morgan have secured enough long-term shipper commitments to move forward with a proposed pipeline project to supply fuel to Arizona and California, they said on Monday. The Western Gateway Pipeline project comes as companies race to build a major new fuel pipeline to the U.S. West Coast ahead of …

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US Law Enforcement Raids Offices of Houston Fuel Trader Ikon Midstream

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

By Stefanie Eschenbacher, Stephen Eisenhammer, Laura Gottesdiener and Shariq Khan U.S. law enforcement executed a federal search warrant at Ikon Midstream’s Houston headquarters Company’s attorney said raid was triggered by Reuters’ October 2025 investigation into alleged fuel smuggling No arrests made; fuel trader’s attorney maintains Ikon Midstream engaged in no wrongdoing April 16 (Reuters) – …

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European Oil Majors Outshine US Rivals With Iran War Trading Bonanza

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Gasoline, Latest, Oil / By

By Shadia Nasralla, Stephanie Kelly and Dmitry Zhdannikov Europe’s top-three majors made billions trading in Q1, sources say BP flags ‘exceptional’ trading results Shell, TotalEnergies also report strong trading results Chevron, Exxon fail to capitalise on crisis, shares trail LONDON, April 17 (Reuters) – The trading desks of Europe’s top three oil majors have reaped …

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US Begins Blockade of Iran’s Ports, Tehran Threatens Retaliation

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By Trevor Hunnicutt and Parisa Hafezi Trump says Iranians want to make a deal US, Pakistani officials says talks continue Iran warns of harsh response to maritime blockade Oil prices jump back over $100 NATO allies refuse to join in WASHINGTON/DUBAI, April 13 (Reuters) – The U.S. military began a blockade of ships leaving Iran’s …

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Trump Says Gas Prices May Remain High Through November Midterm Election

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

Summary Trump announces US naval blockade of Strait of Hormuz Democratic senator questions Trump’s strategy Trump’s approval rating slumping since war on Iran began MIAMI, April 12 (Reuters) – U.S. President Donald Trump said on Sunday that the price of oil and gasoline may remain high through November’s midterm elections, ​a rare acknowledgement of the potential political …

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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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Iran War Raises Demand for US Fuel, Boosting Gulf Coast Refining Margins

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

(Reuters) – U.S. Gulf Coast refiners are reaping the strongest margins in years as disruptions to Middle Eastern oil flows from the Iran war raise demand for U.S. fuel exports, analysts and experts said. Asian and European refiners have been hit hard by a slump in Middle Eastern crude exports due to Iran’s blockade of …

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