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(Reuters) – Attacks on Saudi Arabia by Yemen’s Iran-aligned Houthis this week have frustrated Pakistan and threaten to draw Islamabad into the conflict, complicating any future role it may have as a mediator between the United States and Iran. Nuclear-armed Pakistan, which helped broker an interim deal last month in the war between Washington and …
(Reuters) – The U.S. Energy Information Administration said on Thursday it was reviewing the results of a pilot study to better understand minimum working crude oil inventory for some storage hubs at Cushing, Oklahoma, after stocks reached levels that may constrain normal operations. Cushing, the delivery point for U.S. West Texas Intermediate (WTI) crude futures, …
US EIA Reviews Crude Storage Limits After Iran War Drains Cushing Inventories Read More »
Growth of U.S. LNG exports now expected to support 555,000 jobs annually and add $1.4 trillion to GDP through 2040 while domestic natural gas prices will remain among lowest in the world WASHINGTON, July 16, 2026 /PRNewswire/ — Growing exports of U.S. liquefied natural gas (LNG) are now on track to support 550,000 jobs annually …
By Mitchell Ferman TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business. The French major said earnings from oil trading “are expected to remain at the same strong level as in the first quarter,” reflecting the market upheaval caused by …
TotalEnergies Sees Strong Oil Trading Even as Gas Weakens Read More »
Summary US launches multiple strikes on Iran, which retaliates Fewer vessels travel through Hormuz as US, Iran continue strikes Brent and WTI remain close to one-month high July 16 (Reuters) – Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through …
Oil Eases as Traders Weigh US-Iran Conflict Risks Read More »
(Reuters) – U.S. oil and gasoline stocks fell last week, the U.S. Energy Information Administration said on Wednesday, as refiners stepped up their crude processing and gasoline demand remained sturdy in the summer driving season. Crude inventories fell by 1.7 million barrels to 409.7 million barrels in the week to July 10, the EIA said, …
US Crude Stocks Fall as Refiners Step Up Processing, EIA Says Read More »
(Reuters) – Asian refiners snapped up U.S. crude cargoes overnight as they sought to secure alternative supplies amid escalating tensions in the Middle East, trade sources said on Wednesday. Two South Korean refiners purchased at least 5 million barrels of West Texas Intermediate (WTI) crude, the people said. The cargoes for loading in July and …
Asian Refiners Snap Up US Crude as Hormuz Risks Mount, Trade Sources Say Read More »
(Reuters) – Trump administration policies that scaled back federal support for clean energy have led to the cancellation or delay of $83 billion in investment across hundreds of projects, according to a report released on Tuesday by labor and environmental coalition BlueGreen Alliance. The report was unveiled as labor leaders met with Senate Democrats …
Trump Cuts to Clean Energy Linked to $83 Billion in Delayed or Canceled Projects Read More »
By Nicole Jao National average pump price $3.84/gallon, up 9.8 cents in a week Gasoline prices surged along with crude after truce collapsed Fewest tankers in two months transit the Strait of Hormuz NEW YORK, July 14 (Reuters) – Americans could soon see gasoline prices top $4 a gallon again as renewed hostilities between the …
US Drivers May Soon See Pump Prices Climb Back Up to $4 Read More »
Trump dropped planned Hormuz security fee, favoring Gulf investment deals instead Record diesel refining margins widened after Ukrainian attacks curbed Russian fuel exports Analysts estimated US firms drew 2.7 million barrels of crude from storage last week July 14 (Reuters) – Oil prices climbed about 2% to a one-month high on Tuesday after the U.S. …
Oil Prices Rise 2% to One-Month High as US-Iran Attacks Deepen Supply Disruption Read More »
