How Trump caused the biggest oil shock in history and got away with it – for now
If this retains up, oil goes to $200. (Nope) … Gas will hit a file, too. (Wrong) … And after the Strait of Hormuz lastly reopens, oil will return to…
‘Exploding oil?!’ The Middle East is about to find out
The second of reality is simply about right here. The Strait of Hormuz has reopened, for now, and Middle Eastern international locations that shut off their oil wells in the…
Former Energy Sec.: The worst is ‘probably over’ for oil and gas prices
In an unique interview, former US Energy Secretary from the primary Trump Administration, Dan Brouillette, tells NCS’s Matt Egan that he thinks the worst is “probably over” for oil and…
The future of oil prices may depend on China, a country absent from Iran negotiations
Summary As the US and Iran negotiate reopening the Strait of Hormuz, China’s actions may decide oil market path. China cushioned international oil prices by tapping reserves, limiting exports and…
Oil prices are falling and stocks are up. Traders worry they’ve gone too far
Summary Gas prices have dropped beneath $4 a gallon and stocks are close to document highs after the Strait of Hormuz reopened. But analysts warn that markets could also be…
More than 1 billion barrels of oil have gone missing
(*1*) Summary The Strait of Hormuz has reopened after an almost four-month closure, however international oil reserves are depleted. Petroleum reserves have hit their lowest ranges in many years, with…
Ukraine strikes key Moscow oil refinery for the second time in a week
Summary Ukraine struck a key Moscow oil refinery early Thursday, marking the second assault on the facility this week. Ukrainian President Volodymyr Zelensky says focusing on power infrastructure deep inside…
Exclusive: West Coast emergency oil reserve sparks pushback from Senate Democrats
Summary Two Senate Democrats are calling for the Trump administration to halt plans for a West Coast emergency oil reserve, arguing it violates the legislation. The proposal from Sable Offshore…
US emergency oil stockpile tumbles to lowest since the Reagan administration
Summary The US Strategic Petroleum Reserve has fallen to its lowest degree since 1983 amid the battle with Iran. Trump officers have launched 75 million barrels since late February to…
Oil prices hit three-month lows on US-Iran agreement
By Auzinea Bacon, David Goldman, Hanna Ziady, NCS (NCS) — Oil prices sank Monday, hitting their lowest ranges in additional than three months, after the United States and Iran mentioned…