The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said proposals presented by Tehran were a “basis” for talks. Each side is sticking to competing demands for a deal to end the war that could …
Can the US and Iran Bridge Their Differences in Talks? Read More »
Summary LNG price surge and supply chain disruption hit poorer Asian buyers hardest, Ydreos says Reliability concerns prompt some Asian countries to reconsider LNG in energy transition plans Gulf producers’ reputations impacted, with Qatar’s supply reliability now under scrutiny (Reuters) – A Middle East ceasefire signals de-escalation, but the conflict has scarred the global LNG …
Iran Ceasefire Eases Fears but LNG Sector Left Scarred, Industry Executive Says Read More »
(Reuters) – Chevron said on Thursday it expected a $1.6 billion boost to $2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025, driven by surging oil and gas prices from volatility linked to the Iran war. The conflict, which began on February 28, sent oil prices skyrocketing as much as 65%, …
Chevron Forecasts up to $2.2 Billion Rise in Upstream Earnings From Higher Q1 Prices Read More »
(Reuters) – Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire. Previously, the bank forecast Brent and West Texas Intermediate (WTI) oil prices to average $99 and $91 a barrel, respectively. “Given …
Goldman Sachs Lowers Second-Quarter 2026 Oil Price Forecasts Read More »
Summary Market struggles to price clear path for Hormuz reopening Shipping traffic through Hormuz at virtual standstill despite ceasefire, data shows Strikes across Gulf raise supply threats despite ceasefire (Reuters) – Oil prices rose over 3% on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of …
Oil Rebounds as Fragile Ceasefire, Hormuz Concerns Keep Supply Risks Elevated Read More »
Summary Iran has made clear passage subject to conditions, ADNOC CEO says Global economic stability depends on unconditional reopening, he says UAE oil output halved after strait’s effective closure, Reuters has reported ADNOC loading oil cargoes, will expand output within constraints of damage suffered (Reuters) – The Strait of Hormuz is shut and Iran must …
Strait of Hormuz is Shut, Must Reopen Without Conditions, UAE Oil Giant ADNOC’s CEO Says Read More »
The war that closed the Strait of Hormuz has ended – for now. But Tehran’s demand to act as toll booth keeper at the world’s most critical oil chokepoint could leave energy markets vulnerable and hardwire higher prices for years to come. The U.S. and Iran agreed on Tuesday to a two-week ceasefire brokered by …
Iran’s Hormuz ‘Toll Booth’ Set to Hardwire Higher Energy Prices: Bousso Read More »
* Ceasefire fails to halt Israel-Hezbollah fighting, Israeli strikes kill 254 in Lebanon * US, Iran declare victory but core disputes unresolved, Strait of Hormuz remains restricted * Financial markets rally on truce, oil prices drop 14%, stock markets surge * US and Iran set for talks in Pakistan as the nations dispute nuclear …
Shaky US-Iran Ceasefire in Doubt as Israel Pounds Lebanon Read More »
HOUSTON, April 8 (Reuters) – Exxon Mobil Corp (XOM.N) plans overhauls in the spring and at the end of this year at its 612,000 barrel-per-day Beaumont, Texas refinery, said people familiar with plant operations. In May, Exxon plans to shut the 60,000-bpd coker for a planned overhaul that will continue into June, the sources said. …
Exxon Plans Spring and Year-End Overhauls at Beaumont, Texas Refinery, Sources Say Read More »
By Amanda Cooper, Alex Lawler and Ahmad Ghaddar Investors sold 8,600 oil futures lots before US-Iran ceasefire, LSEG data shows Large single trades are rare, typically spread across exchanges to avoid price impact Oil trading volumes and volatility have surged since the war, hitting record highs LONDON, April 8 (Reuters) – Investors placed an approximately …
Traders Place Large $950 Million Bet on Oil Price Falling Hours Ahead of Ceasefire Read More »
