Oil Ends Lower Ahead of U.S.-Iran Ceasefire Talks, Posts Steepest Weekly Loss Since 2022

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By Siddharth Cavale Attacks have cut Saudi oil output by 600,000 bpd, state news agency says Shipping at near-standstill in Strait of Hormuz Brent down 12.7%, WTI down 13.4% this week Russia’s crude exports from western ports has increased Baker Hughes says U.S. rig count down 7% NEW YORK, April 10 (Reuters) – Oil futures …

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Ranked: The Countries Building the Most Nuclear Power – Visual Capitalist

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By Tasmin Lockwood Key Takeaways China is on track to more than double U.S. nuclear capacity, reaching nearly 186 GW. The U.S. leads today but ranks second when planned projects are included. Emerging players like India and Uganda are rapidly scaling nuclear capacity from near zero. Based on existing and planned projects, its total capacity …

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FERC Approves NextDecade’s Request for More Workers and Longer Hours at Texas Site

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HOUSTON, April 10 (Reuters) – U.S. federal regulators on Friday approved a request by NextDecade (NEXT.O) to increase the peak number of construction workers ​at its Rio Grande LNG project in Texas, ‌according to a regulatory filing. NextDecade told regulators that global geopolitical tensions had heightened demand for U.S. LNG, prompting developers to move quickly …

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US Likely to Extend Russian Oil Waiver to Temper Iran War Shock, Sources Say

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By Dmitry Zhdannikov, Jarrett Renshaw and Timothy Gardner Waiver part of US effort to control fuel prices during war Russia, Iran waivers criticized by US lawmakers in both parties Waiver expires at midnight EDT on Friday WASHINGTON, April 10 (Reuters) – U.S. President Donald Trump’s administration is likely to extend as soon ‌as Friday a …

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What the Trump Tax Breaks Giveth, the Gasoline Pump Taketh Away

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By David Lawder Rising gas prices threaten to offset tax refund gains, especially for lower-income Americans Wealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS shows Economists cut US consumption, GDP forecasts due to higher energy cost WASHINGTON, April 10 (Reuters) – U.S. President Donald Trump in February touted this year’s …

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US Drillers Cut Oil and Gas Rigs for Third Time in Four Weeks, Baker Hughes Says

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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 545 in …

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Occidental Reports Lower Realized Oil Prices Even as Iran Conflict Drives Up Crude Rates

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Shale, US News / By

(Reuters) – Shale producer Occidental Petroleum said on Friday its worldwide average realized oil prices fell about 1.6% year-on-year in the first quarter, despite higher benchmark crude rates amid Middle East-related energy market disruption. The U.S.-Israel war on Iran has caused a massive disruption of energy supplies as the Strait of Hormuz, a conduit for …

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Vance Warns Iran Not to “Play Us” as He Leaves for Talks

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(Reuters) – Vice President JD Vance said on Friday he was looking forward to having positive negotiations with Iran as he left for talks in Pakistan with a warning to Tehran not to “play us.” “We’re looking forward to the negotiation. I think it’s going to be positive,” Vance told reporters before leaving Washington. “As …

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Iran-Linked Ships Drive Traffic Through Strait of Hormuz– Ship Tracking Data Shows

CDN and International News, Conventional Energy, Latest, LNG, Oil / By

(Reuters) – The majority of ships that have sailed through the Strait of Hormuz in the past day were linked to Iran, ship tracking data showed on Friday, with other vessels putting off making voyages despite a two-week ceasefire agreed this week between Tehran and Washington, according to data and shipping sources. Three tankers – …

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Trump Warns Iran on Hormuz Tolls as Energy Crunch Prompts Japan to Release More Oil

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(Reuters) – U.S. President Donald Trump warned Tehran not to charge tolls on ships crossing the Strait of Hormuz, as a mounting global energy crisis prompted Japan on Friday to announce a further emergency oil release. The Iran war has damaged Gulf energy production, stranded tanker traffic, and boosted oil prices by about 50% in …

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