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US natgas output to hit record high in 2026, while demand declines, EIA says
By Scott DiSavinoNEW YORK, April 7 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from a record 107....Reuters
5 minutes ago
Oil prices mixed; Brent flat, US crude up as Iran keeps Hormuz shut ahead of Trump deadline
WTI crude hits highest since 2022 as supply disruption fears growTrump threatens Iran with attacks if Hormuz remains blocked, Iran vows retaliationOPEC+ raises output quotas but key members unable to boost supply due to Hormuz closureBy Scott DiSavino NEW YORK, April 7 (Reuters) - Oil prices ...Reuters
15 minutes ago
Freeport LNG seeks approval to demolish obsolete import facilities in Texas
Freeport LNG requests FERC approval to demolish obsolete Texas import facilitiesUS shift from LNG importer to top exporter driven by shale revolutionCompany says removal will improve safety and reduce maintenance on unused assetsBy Curtis WilliamsHOUSTON, April 7 (Reuters) - Freeport LNG has asked U...Reuters
16 minutes ago
EXPLAINER-Can Iran charge fees for ships to transit the Strait of Hormuz?
April 7 (Reuters) - Iran wants to charge fees for ships to pass through the Strait of Hormuz as part of its proposals to end the war with Israel and the United States after blocking most traffic through the crucial energy waterway for weeks.The Strait, a strip of water only 34 km (21 miles) wide bet...Reuters
28 minutes ago
Fuel prices could keep rising for months after Hormuz reopens, US EIA says
By Shariq Khan and Siddharth Cavale NEW YORK, April 7 (Reuters) - Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump's assurances that consumers will see immediate ...Reuters
31 minutes ago
Fuel prices could keep rising for months after Hormuz reopens, US EIA says
By Shariq Khan and Siddharth Cavale NEW YORK, April 7 (Reuters) - Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump's assurances that consumers will see immediate ...Reuters
39 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, April 7 (Reuters) - Northwest European gasoline refinery profit margins fell 36 cents on Tuesday to about $15.33 a barrel. A total of 23,250 metric tons of E5 gasoline barges traded in the Argus window, with BP, ExxonMobil and Equinor selling to TOTSA and MB Energy.An additional 13,000 tons ...Reuters
39 minutes ago
Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis
PARIS, April 7 (Reuters) - The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. "This energy crisis calls for all hands on de...Reuters
56 minutes ago
PRECIOUS-Gold steady as caution prevails ahead of Trump's Iran deadline
Iran shows no sign of accepting Trump's ultimatumUS Fed minutes due on Wednesday China's central bank adds gold to reserves for 17th monthBy Ashitha Shivaprasad April 7 (Reuters) - Gold prices were little changed on Tuesday, as caution prevailed in the market ahead of U.S. President Donal...Reuters
an hour ago
Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says
IRGC says attacks in response to strikes on Iran's Asaluyeh plantsSmoke and flames rising from the direction of Saudi's Jubail April 7 (Reuters) - Iran on Tuesday attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream sector, its Revolutionary ...Reuters
an hour ago
IEA director will meet World Bank, IMF chiefs on Monday April 13
PARIS, April 7 (Reuters) - Fatih Birol, the executive director of the International Energy Agency, will meet the leaders of the IMF, Kristalina Georgieva, and the World Bank, Ajay Banga, next Monday April 13th, Birol said on Tuesday on social media platform X. He added that the energy crisis trigger...Reuters
2 hours ago
US: Oil shock complicates Fed path – MUFG
MUFG’s Head of Research Derek Halpenny argues that rising Oil and gasoline prices from the Middle East conflict are set to push US inflation higher, with March CPI expected to jump. He highlights a sharp rise in ISM Services prices paid and weakening employment indices.Fxstreet
2 hours ago
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
Hormuz closure creates very tight market for oil delivered soon, analysts sayNorth Sea Forties crude reaches record high outright price, LSEG data showsPanic over supplies is driving physical prices higher, expert saysBy Alex Lawler LONDON, April 7 - European and Asian refiners are paying record ...Reuters
2 hours ago
IEA chief to meet IMF boss and World Bank President on Monday
April 7 (Reuters) - The head of the International Energy Agency Fatih Birol said in an X post on Tuesday that he would meet with Kristalina Georgieva, managing director of the IMF, and World Bank President Ajay Banga next Monday.Reuters
2 hours ago
US lawmakers press Bessent on LNG ships that are taking tax credit
By Timothy Gardner WASHINGTON, April 7 (Reuters) - A group of Democratic U.S. senators on Tuesday pressed Treasury Secretary Scott Bessent on whether enormous tankers that ship liquefied natural gas qualify for a lucrative tax credit meant for smaller boats that burn the fuel.Here are details abo...Reuters
2 hours ago
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
Hormuz closure creates very tight market for oil delivered soon, analysts sayNorth Sea Forties crude reaches record high outright price, LSEG data showsPanic over supplies is driving physical prices higher, expert saysBy Alex Lawler LONDON, April 7 - European and Asian refiners are paying record ...Reuters
2 hours ago
