Category: Oil
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Balancing acts and breaking points: Iraq’s US-Iran dilemma
MENASource June 30, 2025 • 4:11 pm ET C. Anthony Pfaff Even without the current conflict between Israel and Iran, the prospects for future US-Iraq relations have often appeared dim. Due in part to the reduced threat from the Islamic State in Iraq and al-Sham (ISIS), and also to public opposition to US military presence…
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Oil Slips as Traders Weigh OPEC+ Hike
by Bloomberg | Mia Gindis, Catherine Cartier | Monday, June 30, 2025 | 4:04 PM EST Oil edged down after its biggest weekly loss in two years as traders speculated on the volume of an expected OPEC+ supply hike and fears of Middle East tensions disrupting global oil flows dissipated. West Texas Intermediate crude shed 0.6%…
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This summer will be decisive for the economy and Wall Street
If you followed the seasonal investing advice of “sell in May and go away,” you may want to reconsider because the outlook for the economy and financial markets will likely be determined in the coming months. Several major events, datasets, progress reports, and deals are due this summer. By fall, the impact of President Donald…
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Seventh FPSO prepares to join Petrobras’ Santos Basin field
Home Fossil Energy Seventh FPSO prepares to join Petrobras’ Santos Basin field June 30, 2025, by Dragana Nikše A sailaway ceremony has been held to mark the departure of a floating production storage and offloading (FPSO) unit from Seatrium’s yard in Singapore to a field offshore Brazil operated by the country’s state-owned energy major Petrobras.…
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Iran Faces New Realities
Kachor Valentyna/Shutterstock Tehran’s response last week to US strikes on three Iranian nuclear sites was carefully calibrated. By launching a ballistic missile salvo at the US’ Al-Udeid Air Base — with advance warning and no casualties — Iran managed to send a message while avoiding provoking further US attacks. But notwithstanding the delicate Israel-Iran ceasefire…
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Israeli Gas Flows to Egypt Return to Normal as Iran Truce Holds
by Bloomberg | Salma El Wardany | Monday, June 30, 2025 | 2:43 AM EST Israeli natural gas flows to Egypt returned to normal levels after a truce with Iran allowed the Jewish state to reopen facilities shuttered by the 12-day conflict. Daily exports have climbed to 1 billion cubic feet per day, according to two…
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The greatest problem right now is not what happened at Fordow – but what escaped them
While the Israelis believe that much of Iran’s enriched uranium stockpile is buried under rubble and collapsed tunnels, hundreds of kilograms remain unaccounted for. Donald Trump was triumphalist. “Monumental Damage was done to all Nuclear sites in Iran, as shown by satellite images. Obliteration is an accurate term!” he declared on Truth Social on June 22.…
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Amazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill as Trump suspends Canada trade talks
President Donald Trump said Friday that he’s suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.” Trump, in a post on his social media network, said Canada had just informed the U.S. that it was sticking to its plan…
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Oil Steady as OPEC+ Weighs Output Hike
by Bloomberg | Mia Gindis, Julia Fanzeres | Friday, June 27, 2025 | 4:01 PM EST Oil held steady as traders weighed the uncertain status of nuclear talks between the US and Iran against reports that OPEC+ may extend its run of super-sized production increases. West Texas Intermediate edged up to settle above $65 a barrel…
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Trump’s approach to Russia and its war on Ukraine is evolving, not in one big leap, but in several smaller steps
This is part of a series of regular assessments of the efforts, spearheaded by the Trump administration, to achieve a negotiated end to Russia’s war on Ukraine. Read the most recent edition here. US President Donald Trump’s policy toward Russia’s war on Ukraine continues to evolve in a rush of small and large steps as he reacts…
