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In the Trump administration’s telling, its decision to cut off Iran’s oil exports in just over a week will have little impact on crude prices. There’s enough supply to meet global demand, officials say, and the administration’s Middle East allies will ride to the rescue if the world does find itself short of fuel.
The Trump administration will sharply accelerate its goal of driving Iran’s oil exports to zero, ending sanctions exemptions that it previously granted to some of the Islamic Republic’s biggest customers.
International oil prices will average $75 a barrel in 2019, and consumers may find themselves contending with bouts of $80 crude this summer, RBC Capital Markets says.
The effort was spurred by the blockage of the construction of the 125-mile Constitution Pipeline from Pennsylvania to New York.
Brian Sullivan breaks down the big earnings win for two of the largest energy companies.
PG&E craters after it said it will file for bankruptcy protection amid financial anguish stemming from its role in California’s devastating wildfires.
The Trump administration on Monday renewed sanctions against hundreds of entities throughout Iran’s energy sector and its broader economy, promising to exert more pressure on the Islamic Republic. The return of sanctions, first implemented during the Obama administration, fulfills President Donald Trump‘s vow six months ago to ratchet up pressure on Iran, despite widespread international criticism. …
Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, despite U.S. sanctions on the Middle Eastern country.
President Donald Trump is expected to announce he will no longer continue suspending sanctions that target Iran’s oil exports.
A cold winter in China could be signaling a hotter market for a new wave of US natural gas exports sooner than expected.
While millions of Americans are watching the total solar eclipse, utilities will be managing a sharp drop in solar power.
Aditi Roy reports on how solar energy lost during the eclipse might affect households across the country.
It’s uncertain whether more American LNG will flow to China after a trade agreement, but the deal may still upend the market.
Exxon Mobil wants to resume its joint venture with the Russia oil giant PAO Rosneft, the Journal reports.
President Trump’s plan to make pipeline builders use American materials would force the industry to fundamentally retool its supply chain.