The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and will not be lifted anytime soon.
The UAE’s ADNOC plans to invest billions of dollars in building a presence in the U.S. natural gas industry, the Financial Times reported today, citing the chief executive of ADNOC’s international investment division, XRG.
U.S. Department of the Interior has reached agreements with two offshore wind developers to terminate lease positions and redirect capital into conventional energy projects, marking a notable shift in U.S. energy policy and investment flows.
Days after saying it would not extend a sanction waiver for Russian crude sold to Indian refiners, the U.S. Treasury Department changed its mind and extended the waiver for two weeks until mid-May.
U.S. officials are pressing domestic oil producers to increase output as disruptions in the Strait of Hormuz tighten global supply and push crude prices higher.
The Trump administration sanctioned more than a dozen entities tied to the network of Iranian oil kingpin Hossein Shamkhani, part of its campaign to maintain pressure on Tehran amid diplomatic talks and a standoff in the Strait of Hormuz.
Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at $105.30 per barrel, up 9.04%, while Brent had risen 8.55% to trade at $103.30. Both benchmarks remain roughly […]
Oil and natural gas prices dropped sharply after the U.S. and Iran agreed to a two-week ceasefire aimed at halting the six-week conflict, though uncertainty persists over the timing of resumed flows through the Strait of Hormuz.
The Endangered Species Committee, a little-used panel of U.S. senior federal agency leaders, voted on Tuesday morning to exempt oil and gas drilling in the Gulf of America/Gulf of Mexico from sweeping endangered species protections, citing reasons of national security.
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.5 million barrels from the week ending February 20 to the week ending February 27.