US Electrical Grids Come Under Pressure as Heat Wave Drives Up Power Demand
Several thousand customers of Con Edison, a major investor-owned electric utility in New York, were without electricity due to sweltering temperatures.
Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs, Sources Say
A threatened closure of the Strait of Hormuz, a major trade waterway for oil tankers in the Persian Gulf region, has skyrocketed oil forecasts up to $100/bbl.
Money Talks: Volatility Sharpens the Focus at Tailwater E&P
Market volatility will create opportunities to engage with operators on both upstream and midstream growth, says Tailwater E&P CEO Doug Prieto.
PHX Shares End Trading as WhiteHawk Closes $187MM Merger
The combined company will manage 3.1 million gross unit acres across the Marcellus, Haynesville and other U.S. shale plays.
Iranian Retaliation Against U.S. Forces Could Come Soon, U.S. Officials Say
The United States assesses that Iran could carry out retaliatory attacks targeting American forces in the Middle East soon, although the U.S. is still seeking a diplomatic resolution that would see Tehran forgo any attack, two U.S. officials said on Monday. One of the officials, who spoke to Reuters on condition of anonymity, said Iran’s …
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What’s Affecting Oil Prices This Week? (June 23, 2025)
Stratas Advisors views that as long as Iran’s oil infrastructure is not damaged, Iran is highly unlikely to move to close the Strait of Hormuz since this would affect the movement of Iran’s own oil.
KEEP IT DOWN! Trump Tells Everyone to Keep Oil Prices Down After Iran Attacks
U.S. President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran’s nuclear facilities could cause them to spike. “Everyone, keep oil prices down, I’m watching! You’re playing into the hands of the enemy, don’t do it,” Trump wrote in all caps …
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Oil Majors Evacuate Some Personnel in Iraq, Oil Operations Not Affected
Oil majors Eni, BP, and Total Energies operating in Iraqi oilfields have evacuated a number of their foreign personnel, Iraq’s state-run Basra Oil Company said in a statement on Monday.However, oil operations in Iraq’s southern oilfields have not been affected, with exports averaging 3.32 million barrels per day, two oil officials told Reuters. The measures …
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Cheniere Sabine LNG plant in Louisiana on Track to Exit Reduction, says LSEG Data
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Cheniere Energy’s Sabine Pass export plant in Louisiana was on track to rise to a three-week high on Monday, according to data from financial firm LSEG. Energy traders said that expected increase in gas flows and a notice from Cheniere that the …
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Ares to Acquire 20% Stake in Eni’s Plenitude for $2.3B
Investment manager Ares Management Corp. is acquiring a 20% stake in Eni’s Plenitude for approximately US$2.29 billion (2 billion euros).