Crude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
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Chevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
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USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
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Key Russian Port Pauses Oil Loading after Drone Strike
Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.
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Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.
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ADNOC CEO Says Weaponizing Hormuz is Economic Terrorism
'Weaponizing the Strait of Hormuz is not an act of aggression against one nation; it is economic terrorism against every nation', Ahmed Al Jaber, ADNOC's managing director and group CEO, said.
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JERA Secures Regasification Rights at Dunkirk Terminal
'This marks JERA's first acquisition of overseas LNG terminal capacity and strengthens the company's ability to manage global LNG supply and demand'.
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Oil Extends Decline on De-Escalation Hopes
'Optimism surrounding a possible diplomatic breakthrough has eased supply fears', said Konstantinos Chrysikos, Head of Customer Relationship Management at Kudotrade.
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Philippines Eyes Russian Oil as Marcos Declares Emergency
Marcos said the Southeast Asian country's current fuel supply could last about 45 days and that it is 'exploring' importing oil from non-traditional source Russia.
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USA Awaits Response to Peace Plan
The U.S. floated a plan to end a war that's wreaked havoc across the Middle East and in global markets.