(Reuters) – Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower OECD stocks, even as it continued to assume no Iran-related supply disruption and maintained its view of a surplus this year. For the year, it now expects …
Goldman Raises Q4 Oil Price Outlook on Lower OECD Stocks Read More »
(Reuters) – The U.S. Commerce Department on Monday will reveal a preliminary decision on whether to impose anti-subsidy duties on solar cells and panels imported from India, Laos and Indonesia. The announcement is the first of two expected by the agency in the coming weeks in a trade case brought by a group representing a portion of …
US to Make Tariff Decision on Solar Panels from India, Indonesia and Laos Read More »
(Reuters) – TXNM Energy on Friday said the U.S. Federal Energy Regulatory Commission (FERC) had authorized the company’s acquisition by Blackstone Infrastructure. Last year, Blackstone agreed to acquire the utility company in an $11.5 billion deal, including debt. FERC concluded that there is “no evidence that either state or federal regulation will be impaired by the proposed …
TXNM Energy Gets FERC Approval for $11.5 Billion Blackstone Deal Read More »
Summary Judge says evidence at trial supported verdict Autopilot-equipped Model S crashed into victims Tesla not available for comment, expected to appeal Feb 20 (Reuters) – A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured …
US Judge Upholds $243 Million Verdict Against Tesla Over Fatal Autopilot Crash Read More »
Summary Oil prices hold near six-month high Strait of Hormuz supply risk fears US Supreme Court decision on tariffs has little effect on crude Traders and investors bet on rising prices: Saxo Bank (Reuters) – Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump …
Oil Rises Late, Settles Higher and With Weekly Gain on Iran-US Jitters Read More »
The U.S. Supreme Court’s Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The court’s ruling could reduce the cost of building LNG plants and …
By Anett Rios and Alien Fernandez HAVANA, Feb 20 (Reuters) – Cubans are scrambling to install solar panels on their homes, shops and vehicles to combat extended blackouts as Washington prevents oil shipments from reaching the Caribbean’s largest island, contributing to electricity generation shortfalls. U.S. sanctions and a deep economic crisis have for years made …
Cubans Fight Blackouts With Solar as US Extends Oil Chokehold Read More »
(Reuters) – The U.S. Congress could vote as soon as next week on whether to block President Donald Trump’s ability to strike Iran without lawmakers’ approval, as the U.S. military prepares for a potential serious conflict with Iran if diplomatic efforts fail. Members of Congress, including a few of Trump’s fellow Republicans as well as …
US Lawmakers Plan Iran War Powers Vote as Trump Weighs Strikes Read More »
(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for a second week in a row, 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, held steady at 551 in the …
(Reuters) – ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported on Friday, citing people familiar with the matter. The assets, picked up over the years through deals with Concho Resources and Shell, are expected to fetch about $2 billion, …
ConocoPhillips Considers Selling Permian Assets Worth $2 Billion, Bloomberg News Reports Read More »
