The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath …
Trump’s Energy Leaders to Hold Call With CEOs on Iran War, Source Says Read More »
(Reuters) – The Iran war has torn open a dangerous rift in global oil markets: physical crude is trading at record highs while futures benchmarks signal calm. That disconnect is forcing consumers, companies and policymakers to navigate without a reliable compass – and it could leave a lasting scar on the global economy. Investors have …
The Iran War Has Shattered Oil’s Price Compass: Bousso Read More »
The formation in BC and Alberta is a giant for gas and liquids By Don MacLachlan By Resource Works More News and Views From Resource Works Here No wonder that our Resource Works founder and CEO, Stewart Muir, called the Montney natural-gas reserves in Canada “British Columbia’s economic crown jewel.” The Montney Formation in BC …
(Reuters) – The Electric Reliability Council of Texas (ERCOT) said electricity demand could rise sharply into the 2030s as an increasing pipeline of data centers drives most of the projected growth, according to a presentation on Wednesday by the grid operator. ERCOT’s preliminary base forecast projects peak electricity demand climbing from about 98,087 megawatts in …
ERCOT Sees Surge in Power Demand by 2030s Amid Data Center Growth Read More »
(Reuters) – China continued to build the world’s largest stockpile of crude oil in March even as the rest of the world started to draw on inventories to compensate for the loss of millions of barrels from the effective closure of the Strait of Hormuz. China, the world’s biggest crude importer, had surplus oil of …
China Added More Crude to its Massive Stockpile in March, But Outlook Shifts: Russell Read More »
U.S. forces in the Middle East are postured to restart combat operations if Iran doesn’t agree to a peace deal, Defense Secretary Pete Hegseth told a Pentagon briefing on Thursday. “You Iran, can choose a prosperous future, a golden bridge, and we hope that you do for the people of Iran,” he said. “But if …
US Forces Ready to Restart Combat if Iran Doesn’t Agree to a deal, Says Hegseth Read More »
Summary US imposes new sanctions on Iran’s oil transportation infrastructure US Treasury secretary warns of secondary sanctions on buyers, including Chinese banks Moves come as the US enforces maritime blockade on Iran (Reuters) – The United States on Wednesday threatened to sanction buyers of Iranian oil and said it believed China would pause such purchases …
US Warns That Buyers of Iranian Oil Could be Hit With Sanctions Read More »
(Reuters) – EagleRock, a company that collects royalties and fees from oil and gas production on the land it controls in the Permian Basin, is exploring a U.S. initial public offering that could value it at up to $2 billion, people familiar with the matter said. The Houston-based firm has hired Goldman Sachs on the …
Permian-Focused EagleRock Plans Rare US Oil and Gas IPO, Sources Say Read More »
(Reuters) – U.S. President Donald Trump issued several pipeline permits on Wednesday, including one for the construction of a new pipeline, to facilitate the transportation of crude oil and petroleum products between the U.S. and Canada, according to documents released by the White House. The permit authorizing construction was issued to the Bakken Pipeline Company …
Trump Issues Several Pipeline Permits for US-Canada Oil Transportation Read More »
(Reuters) – Reports that the White House has requested a ceasefire in the Iran war are wrong, press secretary Karoline Leavitt told reporters on Wednesday but added that discussions about a second round of talks with the Iranians were ongoing and productive. Speaking at a White House press briefing, Leavitt said any fresh talks would …
White House Denies U.S. Requested Ceasefire, Says New Talks May Happen in Pakistan Read More »
