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(Reuters) – The U.S. Department of Energy said on Friday it had loaned 8.48 million barrels of crude oil from the Strategic Petroleum Reserve to four oil companies, the second allotment under the Trump administration’s effort to curb fuel prices that have surged during the U.S.-Israeli war on Iran. The companies that have been awarded …
US Loans 8.5 Million Barrels of SPR Oil in Second Batch Since Iran War Read More »
By Siddharth Cavale Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s crude exports from western ports has increased Baker Hughes says U.S. rig count down 7% NEW YORK, April 10 (Reuters) – Oil futures …
Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022 Read More »
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 …
US Likely to Extend Russian Oil Waiver to Temper Iran War Shock, Sources Say Read More »
(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 …
US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says Read More »
(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 …
Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates Read More »
(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 – …
Iran-Linked Ships Drive Traffic Through Strait of Hormuz– Ship Tracking Data Shows Read More »
(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 …
Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil Read More »
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 …
Iran War Erodes Exxon, Chevron Profits Even as Oil Prices Soar Read More »
(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 …
PREPARING TO LOAD: Middle East Producers Prepare For Oil Export Resumption via Hormuz Read More »
President Donald Trump said on Thursday Iran should not charge fees to tankers going through the Strait of Hormuz, which has been blockaded since the start of the Iran war, causing the worst disruption to global energy supplies in history. “There are reports that Iran is charging fees to tankers going through the Hormuz Strait,” …
Trump Says Iran Should not Charge Fees to Tankers Going Through Strait of Hormuz Read More »
