Reuters Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the …
Citi Sees Oil Prices Trending Lower to $60 to $65 Per Barrel by First Quarter of 2027 Read More »
Reuters Citi said on Thursday it expects oil prices to trend lower over the next six to 12 months, to $60 to $65 per barrel by the first quarter of 2027 as flows through the Strait of Hormuz normalize following the signing of a U.S.-Iran MoU to end their conflict. Oil tankers sailed through the …
Citi Sees Oil Prices Trending Lower to $60 to $65 Per Barrel by First Quarter of 2027 Read More »
Energy companies are likely to keep crude output steady this year in North Dakota, the third-largest U.S. oil-producing state, its regulator said on Thursday, despite a sharp decline in oil prices after the United States and Iran signed an interim deal to end their war. Oil prices fell on Thursday to their lowest since …
North Dakota’s Oil Output Expected to be Steady Despite Price Drop, State Regulator Says Read More »
The blast was so powerful that the huge disc-shaped lid of an oil storage tank was launched into the sky over Moscow like a frisbee. Evading Russian air defences, Ukrainian drones struck an oil refinery in southeast Moscow on Thursday for the second time in three days, igniting a fierce blaze that spewed out clouds …
Ukraine Brings the War to Moscow as Huge Blasts Shakes Refinery Read More »
Middle East oil producers face a reckoning. The Iran war exposed the dangers of relying on a single chokepoint for vital oil and gas exports, leaving Gulf governments with a clear strategic imperative: diversify – at all costs. An Iranian blockade of the Strait of Hormuz had long been viewed as a “Doomsday” event that …
Gulf Exporters’ Quest to Bypass Hormuz Will Reshape the Region: Bousso Read More »
(Reuters) – The U.S. government on Thursday signed a $725 million conditional loan commitment with Energy Fuels to boost domestic processing of rare earth elements as part of its efforts to reduce reliance on China. Energy Fuels, which specializes in uranium production, will expand its operations into rare earth separation and metallization, which is crucial …
Summary Brent, WTI back to early-March levels US-Iran 14-point agreement extends April ceasefire for 60 days Market fundamentals expected to remain tight Ukraine hits Moscow refinery in major attack on Russian capital (Reuters) – Oil prices fell more than 1% on Thursday to their lowest since the first trading day of the Iran war, …
Oil Falls to Lowest Since Start of Iran War After Ceasefire Deal Signed Read More »
Summary Hormuz reopening to free millions of barrels of stranded non-Iranian oil Asian refiners already secured supplies for June to August Weak refining margins to weigh on fresh purchases (Reuters) – Middle Eastern crude oil prices are likely to fall if the Strait of Hormuz reopens on Friday following the U.S.-Iran interim deal, releasing …
Hormuz Reopening to Release Wave of Oil Supply, Depress Prices Read More »
API – American Petroleum Institute June 17, 2026 Energy supply matters, but so does the ability to move it where it’s needed. The disruption in the Strait of Hormuz has tested global energy markets and reinforced this important lesson. This week’s American Energy Snapshot explores one of the tools the U.S. government is using to …
How Jones Act Waivers Keep Energy Moving – API Feature Read More »
Reuters Activist investor TOMS Capital Investment Management has acquired a sizable stake in Devon Energy and is pressing the U.S. shale operator to sell assets or put itself up for sale, five people familiar with the matter said. Fresh from a $58 billion merger with Coterra Energy, which it completed in May, Devon is in …
