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Energy Slides Alongside Oil on Iran Cease-Fire -- Energy Roundup
Iran told mediators it would limit the number of ships crossing the strait to around a dozen a day and charge tolls under the cease-fire struck by President Trump, showing Tehran plans to keep control over the world's most important energy-shipping…
As Iran war jolts global oil, can China's energy storage tech blunt the impact?
China's exports of energy storage equipment are expected to keep rising as the US-Israeli war in Iran renews global calls for energy independence, industry insiders and analysts said. The total export value of Chinese inverters – key…
Watch Energy Market Risks and Oil Prices: Goldman Sachs Sees Highest Energy Capex Since Shale Revolution
Goldman Sachs Sees Highest Energy Capex Since Shale Revolution Michele Della Vigna, head of EMEA natural resources research at Goldman Sachs, discusses the outlook for energy industry investment with the Strait of Hormuz becoming 'more risky' and…
Daily on Energy: The ceasefire and a huge oil price drop
IRAN LATEST – TRUMP'S CEASEFIRE: President Donald Trump 's deadline last night came and went after the U.S. and Iran agreed on a two-week ceasefire as the two countries continue to negotiate. “Based on conversations with Prime…
Why oil prices are trending | CNN Business
Almost immediately after President Donald Trump agreed to a two-week ceasefire with Iran on Tuesday, crude oil plunged to the lowest level in about three weeks. CNN's Matt Egan explains when you might see lower prices at the gas pump. Discover more…
Oil prices drop amid ceasefire
While oil prices are still higher than before the war with Iran, the massive drop suggests markets are optimistic about the president's ceasefire announcement. Trump said Tuesday that he would “suspend” attacks on Iran for two weeks…
Oil price rises as markets question durability of Middle East ceasefire
Oil and gas prices rose on Thursday and Asian stock markets retreated as the two-week ceasefire in Iran looked increasingly shaky, with Israel continuing attacks on Lebanon and the US and Iran threatening a return to military action. A day after…
Occidental Finds Oil in Exploratory Well in Gulf of Mexico
Occidental Petroleum Corp. discovered oil in an exploratory well in the Gulf of Mexico about 125 miles (201 kilometers) south of the Louisiana coast. The company found crude in Miocene sand deposits in an area it refers to as the Bandit prospect…
Oil and gas prices will be lower but still elevated
The ceasefire does not immediately restore oil flows through the Strait of Hormuz. Shipping volumes remain constrained. Insurance costs will remain elevated. Under the most optimistic assumptions, it will take months for oil flows to reach pre-war…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 3.70% to C$62.01 Wednesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.15% to 33,620.57. Tourmaline Oil…
Watch Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says
Oil Unlikely to Go Back to Pre-War Prices, Energy Aspects Says Energy Aspects Global Gas Head Livia Gallarati discusses energy markets amid the fragile ceasefire between the US and Iran. Speaking on Bloomberg Television, she says both oil and gas…
These signals will make or break the Iran cease-fire - and oil prices
President Donald Trump's cease-fire with Iran is like that 1980s movie starring Tom Hanks and Shelly Long, “The Money Pit.” In it, Hanks and Long repeatedly ask their contractors how long it will take for their home to be completed.
Occidental Reports Oil Discovery in Gulf of Mexico Bandit Prospect
Occidental Petroleum has made an oil discovery at the Bandit prospect in the Gulf of Mexico, about 125 miles south of the Louisiana coast. Occidental, which operates Bandit and holds a roughly 45.4% working interest, on Thursday said the…
Watch Markets Can Live With $100 Oil for a While, JPM's Michele Says
Markets Can Live With $100 Oil for a While, JPM's Michele Says Bob Michele, global head of fixed income at JPMorgan Asset Management, sees a path to markets turning optimistic and putting the Iran war “in the distant rearview mirror”…
Oil Chaos Is Clearest in the Hunt for ASAP Barrels
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the persistent tightness in physical oil markets following the US-Iran ceasefire earlier this week. A…
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