FRIENDS IN HIGH PLACES: How a Vitol Trader’s Ties to JD Vance Helped Land a Prized Venezuela Oil Contract

Nov 11 (Reuters) – A week before the United States invaded Venezuela in January and captured its authoritarian leader, US Vice President J.D. Vance flew in Air Force Two for a visit to Montana’s Yellowstone Club, an ultra-exclusive ski and golf resort. There, he met an old friend and early financier of his political career, …

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RUSSIAN DIESEL SHUNNED: US Companies Shunning Russian Diesel as Tanker Carrying That Fuel Idles off East Coast

Summary Banks, ports and importers reluctant, analysts and traders say Attorney says legal fees for congressional probes could be steep US diesel pump price still up more than 60% from pre-war level (Reuters) – US companies are unlikely to import Russian diesel as a tanker full of the fuel idles off the US Eastern Seaboard, …

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Iran Tells COP31 it Wants Compensation for Environmental Damage From US-Israeli Strikes

Reuters Iran’s President Masoud Pezeshkian told the COP31 climate conference on Wednesday his country wanted compensation for environmental damage caused by US and Israeli strikes, saying the issue related to global efforts to fight climate change. “We expect the global community to establish a genuine and meaningful link between climate commitments in times of peace …

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COMMENTARY: Trump’s Iran War Pause is as Costly as New Strikes: Bousso

    As US President Donald Trump weighs his next steps in the Iran war, Gulf energy producers have adapted to a no-war, no-peace reality that is making their operations more expensive and risky. Even without renewed full-scale fighting, those additional costs could help put a floor under global oil prices. The question is how …

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GULF OF MEXICO: Trump Administration Finalizes $480 Million Loan to Arena, in First Such Aid to Oil and Gas

(Reuters) – The Trump administration closed a $480 million loan to private energy company Arena Energy to help boost oil and natural gas production in the Gulf of Mexico, the Department of Energy said on Tuesday. It was the energy department’s first closed loan supporting domestic oil and natural gas production, it said. The department’s …

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Oil Prices Rebound as Iran Rejects Key U.S. Nuclear Demand and Strait of Hormuz Shipping Attacks Renew Supply Concerns

EnergyNow Morning Oil Price Report Report Date & Time: November 11, 2026 – 5:30 a.m. MST – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is moving higher at US$86.80 per barrel, up US$0.76, or 0.88%, from Tuesday’s official settlement of US$86.04. Oil is recovering from two-month lows as uncertainty surrounding U.S.-Iran …

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US Energy Chief Welcomes Potential Probes by Democrats

NEW ORLEANS, Nov 10 (Reuters) – The US energy chief said on Tuesday he welcomes any ​potential investigations by Democratic lawmakers, who ‌will take control of congressional committees next year, into Trump administration activities in the ​energy sector. “We’re extremely proud of everything ​we’ve done at the (Department of Energy) ⁠to advance President Trump’s energy …

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US Confident Russian Diesel Cargo Off US Coast Will Sell in Global Market

Trump announced diesel deal with Russia ahead of midterm elections Operator says port of discharge has not been finalised US energy chief Wright: US wants the diesel going to world markets OSLO, Nov 10 (Reuters) – President Donald Trump’s energy chief said on ​Tuesday the US was confident that the first cargo of Russian diesel …

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Tankers Continue to Burn in the Middle East Despite Hopes for De-Escalation

(Reuters) – Despite market bets on a de-escalation in the Iran war, new evidence has emerged in recent days of strikes on tankers in the Strait of Hormuz and on energy infrastructure in the Middle East. On Tuesday, crude prices hit two-month lows after US officials downplayed the need for additional military action against Iran, …

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