Quick Read - Apollo's Torsten Slok argues oil's 22% two-month drop below $80 already undercuts the Fed's hawkish dot plot, released just 24 hours earlier. - Warsh's deliberate refusal to provide forward guidance was instantly vindicated when oil prices moved sharply the very...</
Eni-BP joint venture invests $5.1B in Angola oil project The Eni-BP joint venture has approved a $5.1B offshore oil project in Angola. The project combines five offshore fields and is expected to produce first oil in H1 2029. This investment decision marks a
Chevron (CVX) announced Monday that it will power a huge Microsoft (MSFT) data center in West Texas with natural gas, using gas turbines supplied by GE Vernova (GEV) and Caterpillar (CAT). GE Vernova stock rose near a buy point, and Caterpillar stock jumped Project
Crude oil briefly fell below its 200-day moving average on Thursday ahead of the U.S. holiday but managed to close back above the key technical level. Today, the price climbed to a session high of $78.14 before reversing sharply lower It is now trading near $73.67,
After Washington snatched Venezuela’s authoritarian president, Nicolas Maduro, in a daring January 2026 night raid, the country’s long road to recovery began. Under the leadership of Maduro’s former vice-president, Delcy Rodriguez, economically crucial oil production and e
Energy Transfer's Latest Expansion Project Will Help Fuel Its More Than 7%-Yielding Dividend Through the End of the Decade Energy Transfer (NYSE: ET) recently announced an additional expansion of its Nederland NGL Export Terminal. The project will enable the master limited
Quick Read - The U.S. Treasury issued a two-month sanctions waiver on Iranian crude, pushing Brent below $78 and WTI below $74 per barrel. - Iran previously exported over 2 million barrels daily, and rising supply could ease energy-driven inflation without forcing Kevin Wa
The Iran walk-out of war negotiations and the ongoing fighting in Lebanon haven't derailed the oil selloff. Vance brushed aside ceasefire violations and Iran's negotiators did agree to steps towards a lasting deal. All sides seem to be saying the right things in between th
Qatar's energy minister reports that 18 workers were killed at the enormous Ras Laffan LNG complex as it was restarting following the war. A portion of the facility was bombed by Iran during the war and that will take years to repair, leaving it at 80% capacity for an exte
Quick Read - XLE gained 21% YTD but shed 12% as Brent crude crashed from $125 toward the mid-$80s, tracking oil almost tick for tick. - Exxon and Chevron drive 41% of XLE, yet nearly $7 billion in Q1 derivative timing losses masked underlying earnings that should reverse in Q2....</strong
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