Tag: Oil and Gas
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Trump to press Zelenskyy for energy truce, says Russia has ‘lost control’ of oil due to Ukraine war
U.S. President Donald Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce.
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Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning
Oil rose Tuesday, amid concerns of growing Iran-U.S. tensions. after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday.
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All Iranian airlines to be ‘shut down’ from Wednesday, Bessent tells CNBC
The Treasury Secretary said that Washington was pressuring Iran “like never before”
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Iran vows ‘painful’ retaliation as Trump piles on pressure ahead of UN General Assembly meeting
Trump threatened to destroy Iran’s economy or eliminate its leadership if Tehran doesn’t strike a deal, complicating efforts at diplomacy.
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Oil falls as crude flows remain ‘surprisingly strong’
Oil fell Monday, as traders keep watch for a recovery in shipments from Saudi Arabia, even as Mideast tensions continue to escalate.
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U.S. urges Americans to reconsider Middle East travel as Iran tensions rise
The State Department urged Americans to reconsider Middle East travel as Houthi attacks intensify and Iran keeps the Strait of Hormuz closed.
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Flames reported near Saudi capital airport as Pakistan presses Iran over energy supplies
Smoke and flames were seen near Riyadh’s main airport after Saudi civil-defense alerts, while Pakistan urged Iran to protect energy supplies and shipping.
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UN mission finds evidence signaling U.S. war crimes in Iran; Washington rejects report
The UN mission pointed out the missile strike on a primary school that killed over 150 people, as well as another airstrike which killed 22 civilians.
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Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
Oil prices fell on Friday as additional Saudi crude supplies help ease disruption fears.
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How record diesel prices will rip through the U.S. economy. Trucks, rails are only the start
Record diesel prices are already walloping the transportation sector, and if energy prices stay high, the economic impact will spread.
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