Oil - Today in Oil and Gas

EARLY TRADING: US Energy Shares Fall as Iran Deal Lowers Hormuz Disruption Risk

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 …

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Oil Hits 3-Month Low as US, Iran Reach Peace Deal to Reopen Strait of Hormuz

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By mark

Summary US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 (Reuters) – Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they …

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CANADA’S ENERGY MOMENT: Why Global Capital is Returning – and Why Ottawa Must Not Waste the Opportunity

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

By EnergyNow Editorial Staff For much of the past decade, international investors viewed Canada’s oil and natural gas sector as a paradox. The country possesses some of the largest petroleum reserves in the world, a highly skilled workforce, strong environmental standards, political stability, and access to growing global energy markets. Yet despite these advantages, billions …

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Trump’s Push for New Offshore Drilling Off California Faces Growing Opposition

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, Pinned Primary / By mark

by EnergyNow Editorial Staff The Trump administration has launched a major effort to expand offshore oil and gas development along the California coast, reopening a debate that has largely been dormant for decades. In January, the U.S. Department of the Interior began the process of considering new offshore lease sales in federal waters off Central …

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Oil Slips Over 4% After US, Iran Reach Peace Deal to Reopen Strait of Hormuz – Deal to be Signed Next Friday

Conventional Energy, Latest, Oil, Pinned Primary, US News / By mark

SINGAPORE, June 15 (Reuters) – Oil prices slipped in early trading on Monday ‌after U.S. President Donald Trump and Iran’s deputy foreign minister ⁠said they have reached a deal to halt the war and to resume traffic through ‌the ⁠Strait of Hormuz. Brent crude futures fell $3.51, or 4.02%, ⁠to $83.82 by 2203 GMT and …

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Iran Says Draft US Deal Includes Oil Sanctions Waiver, Nuclear Limits and Asset Release

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

Reuters A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two …

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Oil Falls to Lowest Since March on Expected Peace Deal

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By mark

Summary Brent hits lowest level since early March, WTI at lowest since April Analysts say upside risks remain, seasonal demand could lift prices OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast HOUSTON, June 12 (Reuters) – Brent crude prices fell to their lowest levels since early March as …

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Britain Says Full Import Ban on Russian Diesel, Jet Fuel Will Happen by 2027

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

LONDON, June 12 (Reuters) – Britain on Friday said that a full ban on diesel and jet fuel made ‌in Russia would happen by 2027 as it set out its timeline to end a temporary licence for Russian oil products. Britain last ⁠month said it would continue to allow imports of diesel and jet fuel …

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US Refiners Can Still Absorb More Venezuelan Crude, Energy Secretary Wright Says

Conventional Energy, Latest, Oil, US News / By mark

(Reuters) – U.S. refiners can still absorb more Venezuelan crude, Energy Secretary Chris Wright said Friday at an event at Port Houston. Venezuela is sending about half of its total exports of 1.2 million barrels a day to the U.S., Wright said, adding that that percentage could increase in the coming months. Iran is not …

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US Energy Firms Cut Rigs for First Time in Eight Weeks, Baker Hughes Says

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

(Reuters) – U.S. energy firms cut the number of rigs operating for the first time in eight weeks, energy services firm Baker Hughes said in a closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, fell by 1 to 562 in the week to June 12. …

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