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Oil Prices Rise on U.S.-Iran Tensions; Broader Selloff Caps Gains

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Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation between Washington and Tehran ahead of planned talks. …

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Oil Field Vendor Nine Files Bankruptcy to Cut $320 Million Debt

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By Dorothy Ma Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown in drilling programs. The deal will see a “complete equitization” of its $320 million first-lien notes due 2028, according to . The company …

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Power Prices Surge as Winter Storm Spikes Demand in US Data Center Alley

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, Tri-Pinned, US News / By

  Power prices in the largest U.S. grid rose sharply on Sunday as demand in a region with the world’s largest concentration of energy-hungry data centers surpassed forecasts during a deep freeze gripping half the country. Real-time wholesale electricity prices topped $1,800 per MWh early Sunday in Dominion Energy’s Virginia territory, up from $200 per …

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Oil Slips as Trump Tones Down Threats Against Greenland and Iran

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

Summary Trump steps back from tariff threats over Greenland IEA revises up forecasts for 2026 global oil demand growth US crude stocks up by 3.04 million barrels last week, API says (Reuters) – Oil prices slipped on Thursday, reversing the previous sessions’ gains, after U.S. President Donald Trump softened threats against Greenland and Iran, and as investors assessed the supply …

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Oil Prices steady as Ebbing Iranian Protests Lower Chance of US Attack

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(Reuters) – Oil prices were little changed on Monday, after rising in the previous session, as Iran’s deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at $64.18 a barrel by 0158 …

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Judge Says Dominion Energy Can Resume Wind Project U.S. Halted

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The U.S. offshore wind industry has faced other difficulties, including soaring inflation and supply chain snarls Bloomberg News Dominion said in court papers that it is losing about US$5 million a day on vessel contracts alone because of the Dominion Energy Inc. can restart construction of a wind project off the coast of Virginia while it continues …

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Oil Prices Edge Higher as Supply Risks Remain in Focus

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Summary Benchmark prices hit multi-month highs this week Significant price volatility remains likely, say BMI analysts Underlying balance still points to ample supply, says Phillip Nova analyst (Reuters) – Oil prices rose slightly on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude gained …

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Oil Climbs on Concerns Over Potential Supply Disruption in Iran Amid Threats

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Summary Iran protests raise supply disruption fears, geopolitical risks Venezuela resumes oil exports amid US embargo reversal US crude stocks rise, API says, indicating looser supply-demand balance LONDON, Jan 14 (Reuters) – Oil prices rose on Wednesday for a ​fifth straight session on fears of Iranian supply disruptions due to a potential U.S. attack ‌on …

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Oil Gains as Market Assesses Protests in Iran, Dealmaking for Venezuela

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Summary US aims to control Venezuela’s oil sector after Maduro’s capture Iran unrest and Russia-Ukraine war raise oil supply concerns Global inventories rise, oversupply may limit oil price gains (Reuters) – Oil prices rose on Friday on concerns about potential disruption to Iran’s output and uncertainty about supply from Venezuela. Brent futures were up 59 …

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Oil Rises as Market Focuses on Venezuela and US Sanctions Plans

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Summary Brent and WTI benchmarks firm US crude stocks fell last week while fuel stocks rose, says EIA Two Venezuela-linked oil tankers seized by US in Atlantic Ocean (Reuters) – Oil prices rose on Thursday after two days of declines as investors assessed Venezuela developments and reports on progress of proposed U.S. sanctions legislation against …

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