(Reuters) – Oil prices fell on Friday, but remained on course for a third consecutive weekly rise, after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict. Brent crude futures fell $1.89, or 2.4%, to $76.96 a barrel by 1000 GMT. They were still set to gain nearly 4% on the …
Oil Prices Fall as US Delays Decision on Direct Iran Involvement Read More »
Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel/Iran tensions flare-up. Although relatively contained, the rise has not gone unnoticed just three years after Russia’s invasion of Ukraine triggered a surge in energy prices that ramped up global inflation and sparked aggressive …
World Markets on Oil watch as Middle East Tensions Flare Read More »
Aethon Energy is navigating an uncertain market with cautious optimism as the company explores riskier opportunities that can help meet power demand growth, says co-President Gordon Huddleston.
Permian Basin-focused operator Don Sparks told fellow wildcatters, after receiving the IPAA’s lifetime achievement award, that Washington should be helping the U.S. industry assure national security, and that won’t happen at $50 oil.
(Reuters) – JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note. It said that in the most extreme case of a broader regional conflagration that includes the closure of Hormuz, it estimates oil prices …
JP Morgan Says Strait of Hormuz Closure Could Trigger a Sustained Oil Price Shock Read More »
June 19 (Reuters) – An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above pre-conflict levels if the war disrupts 1.1 million barrels per day (bpd) of Iranian oil exports, analysts at Citibank said on Thursday. “This implies Brent prices should be in the $75 to $78/bbl range,” …
Citi Sees Oil Prices of $75-$78/bbl if War Disrupts 1.1 mln bpd of Iran’s Oil Exports Read More »
By Robert Harvey Iran’s crude exports averaging 2.2 million bpd this week, Kpler says Tankers are loading one-by-one at Kharg Island Floating storage is moving close to China to shield buyers from potential disruptions LONDON, June 19 (Reuters) – Iran is maintaining crude oil supply by loading tankers one at a time and moving floating …
Iran Adapts to Maintain Oil Exports During Conflict, Trackers Say Read More »
RWE said onsite construction is underway at 29 wind, solar and battery energy storage projects across 11 U.S. states.
The Texas Railroad Commission had called for an emergency suspension of Blackbuck Resources’ water disposal well operations on May 13, after an earthquake with a record 5.4 magnitude struck West Texas 10 days earlier.
Oil prices jumped almost 3% on June 19 as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge.
