Auto Added by WPeMatico
U.S. President Donald Trump on Tuesday said the United States would respond if Yemen’s Iran-aligned Houthi movement follows through on its threat to impose a blockade on commercial shipping in the Red Sea, saying that if the group takes action, the United States “will just have to take care of business.” (Reporting By Nandita …
Trump Says U.S. Ready to Respond if Houthis Impose Red Sea Blockade Read More »
(Reuters) – The United States’ war in Iran has cost $37.5 billion so far, U.S. Defense Secretary Pete Hegseth said on Tuesday, an increase of nearly $8 billion since the last public estimate. Hegseth told lawmakers at a hearing in Washington that the figure included certain aspects of the war as well as anticipated costs …
US War in Iran Has Cost $37.5 Billion so Far, Pentagon Says Read More »
Halliburton’s quarterly Middle East revenue falls nearly 11% CEO Miller expects North America recovery to continue this year Shares fall 4.3% July 21 (Reuters) – Halliburton (HAL.N) edged past Wall Street estimates for second-quarter profit on Tuesday as gains in its other international markets offset declines in the Middle East, but shares fell 4.3% in …
Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand Read More »
By Anushree Ashish Mukherjee China sharply cut crude imports and demand, reducing pressure on global oil markets U.S. boosted output and released Strategic Petroleum Reserve crude June reopening of Strait of Hormuz eased immediate supply fears July 20 (Reuters) – As the United States and Israel went to war with Iran at the end of …
Why Oil Prices Haven’t Gone Crazy Despite 5 Months of US-Iran War Read More »
ways by Bloomberg AI Halliburton, SLB Ltd., and Baker Hughes Co. are expected to report hits to their bottom line due to the Iran war’s impact. The companies’ earnings reports will offer insight into the path forward in the Middle East and clues on how quickly global oil field activity could rebound in 2027. Investors …
Oil-Service Companies Set to Reveal War’s Impact on Earnings Read More »
By Arathy Somasekhar Mediators propose 10-day ceasefire to revive Iran-U.S. interim deal, says Iranian official Brent and WTI benchmarks earlier hit more than one-month highs Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Houthis say they are imposing a naval blockade on Saudi Arabia HOUSTON, July 20 (Reuters) – Oil prices settled …
Oil Settles 1% Higher as Hopes of Renewed US-Iran Negotiations Offset Houthi Threat Read More »
(Reuters) – Chevron is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two, the company said in a statement on Monday. The U.S. oil major also said it is transporting nonessential personnel from its Tubular Bells and Blind …
Chevron Shuts in US Gulf Platform in Preparation for Developing Tropical Storm Read More »
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 5.1 million barrels to 311.4 million barrels last week, the lowest level since March 1983, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. Since …
July 20 (Reuters) – Magnolia Oil & Gas (MGY.N) said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia’s position there to over 1.25 million …
Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal Read More »
Takeaways by Bloomberg AI The US conducted a ninth straight day of airstrikes on Iran, targeting military targets and communications networks. Iran continued to attack US bases in several countries, and the standoff shows no sign of easing, with Iran refusing to relent over the Strait of Hormuz. The US-Iran interim peace deal has all but …
US Bombs Iran for Ninth Day as Standoff Over Hormuz Deepens Read More »
