Texas has become a hotbed of deal buzz amid a nationwide push to directly power data centers with natural gas. The buzz rose to a roar in June, when Chevron (CVX) surprised the market with a hyperscaler deal of its own The fifth largest U.S. producer of natural gas
Spot cargo talks for US oil resume as Middle East shipping risks disrupt expected flow recoveries through the Strait of Hormuz. Asian oil importers are renegotiating spot purchases of US crude after renewed tensions halted the anticipated recovery of shipments through the
The deal with TotalEnergies covers integrated services for Block 58, targeting 760 million barrels of recoverable reserves. Halliburton secured a long-term contract to provide integrated drilling and completions services for Suriname’s GranMorgu deepwater oil development.
Some Chinese refiners have not nominated term crude cargoes from Saudi Arabia for August, while others have not been allocated any term supply for next month, as weak demand in China, competition from other producers, and continued disruptions at the Strait of Hormuz have...
Brent crude prices surge 3% after Iranian attack Brent crude prices rose to above $86 per barrel after an Iranian attack on two UAE tankers. The attack in the Strait of Hormuz led to a 3% increase in Brent crude prices, which were trading at $86.06 a barrel.
Tehran shipped 12 million barrels of oil in the week following the US reinstatement of sanctions and blockade on Iranian ports. Iran successfully exported 12 million barrels of crude oil between July 7 and July 14, bypassing renewed US sanctions. The shipments occurred imm
ICE Brent surges 9.6% after US-Iran standoff disrupts key oil shipping lane, lifting prices above $83 per barrel. Brent crude prices climbed above $83 per barrel as tensions between the US and Iran intensified, disrupting vessel traffic through the Strait of Hormuz. The ra
China's crude oil imports fell 41.3% in June China's crude oil imports dropped to a decade-low in June due to reduced flows through the Strait of Hormuz. The reduced flows hiked oil prices, decreasing refiners' appetite for costly crude. The June volumes hi
Oil prices jump 12% since Friday on US-Iran hostilities Oil prices extended their surge into Asian trade on Tuesday, with Brent Crude prices hitting a one-month high. The renewed war risk premium has crashed the calmer trade of the past weeks amid renewed US-Iran h
June inflation figures may show easing headline pressures but sticky core prices, influencing Fed policy amid rising oil costs. Markets will focus on the US June CPI report, with headline annual inflation expected to ease to 3.8% from 4.2% in May. The decline is attributed
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