Tag: Oil and Gas
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Trump waives key Russia-related sanctions, tariffs before they take effect under new law
In an executive order released by the White House, Trump said the waiver was in the national interests of the United States.
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Trump waives new Russia sanctions as Ukraine ties slump
US President Donald Trump’s reversal on the Russia sanctions comes after he struck a deal with Russia President Vlamidir Putin to ease sanctions on Russia in exchange for Moscow releasing large amounts of diesel into global markets.
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Trump says he won’t use nuclear weapons or send ground troops to Iran
Trump said he would not use nuclear weapons against Iran or send ground troops as the U.S. reportedly weighs new strike options.
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Marco Rubio to visit Indian billionaire Ambani’s refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani’s Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio’s visit.
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Oil falls as investors assess Mideast tensions, International Energy Agency’s report
Oil fell Thursday, as traders assessed attacks on ships passing through Hormuz, while digesting the International Energy Agency’s latest monthly report.
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Iran says it’s ‘counting the moments’ until it can attack U.S. warships; Saudi Aramco facilities attacked
Meanwhile, Saudi Arabia’s Aramco reportedly came under fresh attack overnight.
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Diesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says
Diesel supply is expected to remain tight into 2027 as Iran war-related disruption, falling inventories and resilient demand strain the market, the IEA said.
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Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia
Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher.
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More Republicans come out against Trump’s diesel deal with Putin
Senators told Trump, the deal with Russian President Vladimir Putin “will not achieve just ends, nor will it benefit Americans.”
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Iran reportedly fortifies nuclear sites as it prepares for possible U.S. strikes after midterms
A Saudi-led coalition fighting the Houthis – a Yemeni militant group backed by Tehran – said it had intercepted another attack on Riyadh.
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