Paisie: How Spiraling Iran Conflict Could Jolt Oil Prices
A desperate Iran could disrupt the flow of oil in the Strait of Hormuz, which would boost prices, says Stratas Advisors.
Diesel Most Exposed to Middle East Conflict, US Futures Surge 8%
(Reuters) – U.S. ultra-low sulfur diesel futures hit the highest level since February, outpacing gains in oil and gasoline as analysts warned that diesel supply is the most exposed to the conflict in the Middle East. Israel on Friday launched the biggest ever direct attack on Iran and said the huge wave of airstrikes was …
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US Natgas Prices Climb 3% on Soaring Oil Futures After Israel Strikes Iran
(Reuters) – U.S. natural gas futures climbed about 3% on Friday, tracking gains in oil prices after Israel launched strikes against Iran, raising worries the conflict could disrupt Middle Eastern oil and gas supplies. U.S. crude futures jumped $4.94, or 7.3%, to settle at $72.98 a barrel, their highest close since February. Gas futures for …
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US Energy Chief Monitoring Any Impacts to Global Energy Supply
U.S. Energy Secretary Chris Wright said on Friday he and his team are working with the White House’s National Security Council to monitor the situation in Middle East and any potential impacts to global energy supply. Wright said on X, after Israel’s strikes on Iran’s nuclear sites and Iran’s response, that President Donald Trump’s policy …
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IEA Says it Stands Ready to Tap Emergency Oil Stocks, OPEC Sees No Need
(Reuters) – The West’s energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel’s attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market. The International Energy Agency, representing oil consumers, and the Organization of the Petroleum …
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Oil Up 6%, Paring Sharp Gains as Israel Strikes Avoid Iran Oil Sites
By Erwin Seba Oil gains of up to 14% were largest intraday move since 2022 Iran’s nuclear facility in Natanz damaged in Israeli attack No impact to oil flows in the region so far -analysts Israeli attacks kill key Iranian military commanders Trump urges Iran to make a deal over its nuclear programme HOUSTON, June …
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US Drillers Cut Oil & Gas Rigs For 7th Week to Lowest Since 2021, Baker Hughes Says
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, 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, …
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Venture Global Shifts from Delta LNG to Focus on Other Projects
Venture Global says it can expand existing sites—such as Plaquemines LNG—faster than building a new one.
Energy Transition in Motion (Week of June 13, 2025)
Here is a look at some of this week’s renewable energy news, including an agreement between RWE and tech giant Amazon.
LS Power Acquires Engie Services, Rebrands It Opterra
Opterra joins LS Power’s existing portfolio of energy infrastructure companies providing energy efficiency and grid reliability services.