Oil drops about 3% as U.S. and Iran explore path out of war, talks said to enter technical stage
Reports of progress in U.S.-Iran negotiations eased the geopolitical risk premium in crude, pulling oil lower and lifting equities.
Rigzone · +14 outlets
Trump advisers study impact of a short-term U.S. diesel export ban as pump prices surge
The White House is weighing curbing diesel exports to cool domestic fuel costs ahead of November midterms, unsettling global fuel markets.
Rigzone · +14 outlets
U.S. stocks rise to cap a volatile week as oil retreats and bond yields stay elevated
A pullback in crude offered relief from a global bond selloff, helping equities finish a choppy week higher.
WSJ · +15 outlets
Ukraine strikes set two more Russian refineries ablaze, continuing energy-asset attacks
The strikes persist despite U.S. calls for both sides to halt targeting of energy infrastructure.
Rigzone · +13 outlets
U.S. gas prices head for the most expensive September on record as refinery and Hormuz issues bite
Drivers face record seasonal pump prices as refinery constraints in California and supply disruptions push retail fuel costs higher.
AL.com · +14 outlets
Natural gas squeeze could last through next summer, straining Europe
Tighter-than-normal global gas supply risks prolonged demand destruction and a severe blow to European industry.
Oilprice · +14 outlets
IEA cuts oil supply and demand forecasts as diesel shortage deepens amid Gulf and Russia disruptions
The revised outlook underscores how export disruptions are tightening the global diesel market.
energiesmedia.com · +14 outlets
European stocks post first weekly gain in four as oil eases and Mideast tensions linger
European benchmarks recovered as lower crude and steady yields offset concerns over the Strait of Hormuz and energy supply risk.
Bloomberg · +14 outlets
Trump asks Xi for China's help in lowering gas and diesel prices
The request highlights the White House's focus on fuel costs ahead of the November midterms.
Newsweek · +11 outlets
North Carolina regulators reject Duke Energy's proposed gas power plant
The decision complicates plans to add gas-fired generation even as U.S. gas output is forecast to reach record highs.
Oilprice · +14 outlets
WTI trades $12 below Brent as Hormuz diplomacy and diesel fears widen the spread
Soaring freight costs and diesel market anxiety are driving an unusual divergence between the two crude benchmarks.
Oilprice · +4 outlets
BP eyes bigger U.S. shale footprint after Devon deal talks, entering Devon's Eagle Ford data room
BP's renewed interest in U.S. shale signals a pivot back toward oil and gas growth under CEO Meg O'Neill.
Oilprice · +3 outlets
EU shrugs off gas supply fears despite low storage levels, Gas Coordination Group says supply stable
Brussels sees no immediate supply emergency even as inventories sit below normal heading into winter.
Oilprice · +2 outlets
Exxon signs shale deal with Azerbaijan for the Middle Kura Basin
The agreement extends a Western major's footprint into Caspian unconventional resources.
Bloomberg · +2 outlets
Halliburton enters Venezuela's oil revival with two new deals
The service major's deals add to a broadening return of international operators to Venezuela's upstream sector.
Yahoo Finance · +3 outlets
U.S. oil and gas rig count rises to 599, up 50 from a year ago
Baker Hughes data show drilling activity continuing to recover as producer confidence improves.
Oilprice · +14 outlets
The bond market is having a wild month and oil is making things worse
Crude volatility is compounding pressure on Treasuries amid a global bond selloff.
CNN · +1 outlets
Venezuela oil output could hit 1.8 million barrels per day by 2030, Rystad says
A revised contractual framework is drawing the broadest pool of international capital into Venezuela's upstream in decades.
Oilprice