(Reuters) – Oil tanker availability along the U.S. Gulf Coast has dropped sharply in recent weeks, as Asian and European refiners cut off from Middle Eastern supply have been snapping up vessels to import oil and fuel from the United States, shipping analysts and traders said. The Iran war has stalled tanker movements through the …
US Gulf Coast Tanker Market Tightens as Asia Seeks to Replace Lost Supply Read More »
(Reuters) – The United States will be “out of Iran pretty quickly” and could return for “spot hits” if needed, President Donald Trump told Reuters on Wednesday, hours before he was scheduled to make a primetime address to the nation. Trump also said he would express his disgust with NATO for what he considers the …
US to Leave Iran ‘Pretty Quickly’ and Return if Needed, Trump Tells Reuters Read More »
(Reuters) – Iran’s new leader has just asked the United States for a ceasefire, U.S. President Donald Trump said in a Truth Social post on Wednesday. “We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into oblivion,” he said. Reporting by Susan Heavey, writing by David Ljunggren, …
Trump Says Iranian Leader Has Asked for a Ceasefire Read More »
President lashes out at allies for not supporting the war in Iran By Magan Crane and Jack Wittels United States President Donald Trump lashed out at allies for not supporting the U.S. war in Iran, arguing Washington will not fight for their interests as they struggle to get jet fuel with the Strait of Hormuz …
Trump Tells Allies to Fight for Jet Fuel or Buy From the U.S. Read More »
Despite remarks that Trump wants to repatriate automakers, Hoekstra said Canada was not a top concern for U.S. officials By Thomas Seal The United States won’t allow Chinese electric cars from Canada to enter its market, President Donald Trump’s ambassador in Ottawa said, after a January deal in which Prime Minister Mark Carney lowered tariffs …
Chinese Cars Can’t Cross From Canada to U.S., Trump’s Envoy Says Read More »
Summary Barkin sees no major shift yet in consumer spending or inflation expectations Fed officials remain cautious, awaiting clarity on oil price impact before policy changes Retailers face consumer pushback on prices, while service firms retain more pricing power (Reuters) – Businesses continue to act as if high oil prices will prove only a short-term …
FED’S BARKIN: Households, Firms Still See Oil Shock Through a “Short-Term Lens” Read More »
Summary Shell seeks access to as much as 20 tcf of Venezuelan gas Chevron expected to relinquish stakes, which would be re-offered Russian-held stakes in two offshore fields remain a hurdle HOUSTON, April 1 (Reuters) – Shell is in advanced talks with Venezuela’s government to develop four large areas near Trinidad and Tobago, in two of …
Shell in Advanced Talks with Venezuela for More Gas Areas, Sources Say Read More »
U.S. and Canadian stock markets rallied on Tuesday as financial markets seized on a couple of tenuous signals for hope about a possible end to the Iran war. The S&P/TSX composite index was up 833.10 points at 32,768.04. In New York, the Dow Jones industrial average was up 1,125.37 points at 46,341.51. The S&P 500 …
U.S. & Canadian Markets Soar Amid Hopes for End to Iran War Read More »
By Niccolo Conte | Design Sam Parker Key Takeaways The U.S. was the world’s largest crude oil producer in 2025 at 13.58 million barrels per day, ahead of Russia (9.87) and Saudi Arabia (9.51). Middle Eastern countries produced 32.1% of global crude oil in 2025. Just five countries produced half of the world’s oil in …
Half the World’s Oil Comes From Just Five Countries – U.S. On Top – Visual Capitalist Read More »
(Reuters) – U.S. crude oil output fell by the most in two years during January following a severe winter storm that knocked production offline in large swathes of the country, data from the Energy Information Administration showed on Tuesday. U.S. crude oil output fell 410,000 barrels per day month over month in January to 13.25 …
US Oil Output Fell the Most in 2 Years During January Winter Storm, EIA Data Shows Read More »
