Tag: Oil and Gas
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Trump says he is not keen on a deal with Iran as U.S. reportedly prepares for ‘massive bombing’
The U.S. president and his national security team have discussed possibly resuming large-scale U.S. military operations in the coming weeks, NBC News reported.
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Oil gains as Middle East hostilities stoke supply worries
President Donald Trump and his national security team have talked about possibly restarting large-scale U.S. military operations in Iran in the coming weeks, NBC News reported.
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Home heating oil prices are soaring — and users’ winter bills could rise 21%, federal outlook shows
A tight global diesel market is driving up heating oil prices, with households in the Northeast facing the biggest impact.
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Oil rises as concerns over Houthi attacks on Saudi Arabia eclipse supply recovery
Oil rose Wednesday, as concerns over attacks by Yemen’s Iran-backed Houthis on Saudi Arabia outweigh a higher crude supply in Middle East.
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Trump isn’t ‘completely wrong’: Hormuz disruption is Asia’s problem, says Singapore’s foreign minister
Trump has said that Asian economies, which are heavily reliant on energy shipped through Hormuz, should shoulder more of the burden of keeping the waterway open.
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Yemen forces reclaim key Red Sea port city from Iran-backed Houthis in major counteroffensive
Oil markets remain on edge over potential Middle East supply disruptions, with Brent trading around $100 a barrel as the risk of further escalation persists.
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Goldman: Diesel prices set to stay high through 2027 as refineries struggle to meet demand
Goldman Sachs says tight refinery capacity could keep diesel prices elevated through 2027, with high margins needed to curb demand and rebuild inventories.
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Saudi Aramco chief says replenishing global oil stockpiles could take two years
Saudi Aramco’s CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.
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Oil prices fall over 3% on report of potential diesel, crude stock release; Brent back below $100
It comes after Reuters reported that EU nations were discussing a proposal to release diesel reserves following pressure from the Trump administration.
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U.S. urges Europe to ‘immediately’ release diesel reserves as Iran war fuels record prices
EU countries are set for crisis talks on soaring diesel prices, with officials warning a U.S. export ban could hurt Europe’s economic outlook.
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