U.S. Nears Return to Iran Nuclear Deal
Iran, the U.S. and other world powers are nearing a deal to revive the 2015 nuclear accord, although negotiators are still wrangling over significant final demands from Tehran, including the Continue Reading
Refinery Explosion Threatens To Send Gasoline Prices Soaring
Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion in New Orleans could threaten to send Continue Reading
Oil Prices Seesaw as Russia Menaces Ukraine
Uncertainty drove oil prices higher when trading opened on Sunday as more Russian troops massed on Ukraine’s borders, but they fell later in the night as news reports said President Continue Reading
Vitol CEO Sees Oil Above $100 for a ‘Prolonged Period’ This Year
Vitol Group CEO Russell Hardy says he sees oil prices at $100+ for ‘a prolonged period’ at some point in the next 6-9 months. Oil prices could be set for Continue Reading
Ford’s CEO Is Exploring Ways to Separate Its EV Business to Unlock Tesla-Like Value
Ford Motor Co. is exploring options for separating its electric-vehicle operations, with CEO Jim Farley even reportedly considering a spinoff of the unit. Ford Motor Co. is looking at ways Continue Reading
What “Energy Independence” Really Means For The U.S.
Since the oil crisis of the 1970s, America has relentlessly pursued the utopia of energy independence. Now, nearly 50 years later, it seems America has finally accomplished that dream. Energy Continue Reading
Iran Rises Above Russia On The Oil Market Radar
Iran has risen above Russia on the oil market radar due to reports from multiple sources that a new nuclear deal is very close to being agreed upon. Rumors that Continue Reading
Column: U.S. gas stocks need big rebuild ahead of next winter:
U.S. gas inventories have depleted faster-than-average this winter despite warmer-than-normal temperatures, as strong demand in Europe and Asia has boosted exports of liquefied natural gas, tightening the market. Working stocks Continue Reading
California Is So Parched That It Just Recorded Its Driest January Since 1984
California had its driest January since 1984, with the lack of rain and snow pushing drought conditions across the most populous U.S. state to nearly 100%. January was the second Continue Reading
The U.S. Will Be A Net Oil Importer In 2022
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net Continue Reading