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Chevron-Chartered Vessel to Complete Oil Cargo Return in Venezuela, Data and Source Say

(Reuters) – A vessel chartered by Chevron carrying some 500,000 barrels of Venezuelan oil is about to complete the discharge of the cargo at a Venezuelan port, according to shipping data and a source, following state company PDVSA’s order to return the crude amid payment uncertainty related to U.S. sanctions. At least nine tankers Chevron …

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Trump Says Iran Must Give Up Dream of Nuclear Weapon or Face Harsh Response

(Reuters) – President Donald Trump said on Monday he believes Iran is intentionally delaying a nuclear deal with the United States and that it must abandon any drive for a nuclear weapon or face a possible military strike on Tehran’s atomic facilities. “I think they’re tapping us along,” Trump told reporters after U.S. special envoy …

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Trump’s Energy Secretary Says Average Oil Prices Will Be Lower

By Matthew Martin Energy prices are set to be lower under the current US administration than in the prior one, according to US Energy Secretary Chris Wright. “Under President Trump’s leadership in the next four years we’ll almost certainly see lower average energy prices than we saw in the last four years of the previous …

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Back to Russian Gas? Trump-Wary EU Has Energy Security Dilemma

By America Hernandez, Riham Alkousaa and Marwa Rashad French, German firms open to modest return of Gazprom’s gas Trump has made US LNG a politically loaded commodity EU aims to quit Russian gas by 2027, has no detailed plan on how Arbitrations against Gazprom complicate supply resumption PARIS/BERLIN, April 14 (Reuters) – More than three …

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ExxonMobil Drill Off Cyprus Fails to Find Gas in Commercial Amounts-Ministry

NICOSIA, April 14 (Reuters) – An exploration drill by ExxonMobil (XOM.N) offshore Cyprus has failed to find commercial quantities of natural gas, the island’s energy ministry said on Monday. Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said. “Well data and preliminary …

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