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(World Oil) – Vitesse Energy announced today the completion of its previously announced acquisition of Lucero Energy. The arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the (Reuters) – U.S. Energy Secretary Chris Wright esti
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News
Oil surges 6%, Brent and US crude both surpass $100 on more tanker attacks
3+ day, 22+ hour ago (474+ words) (Investing) – NEW YORK – Oil prices jumped 6% on Thursday, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight…...
Brent crude oil rises above $100 a barrel as Middle East conflict intensifies
4+ day, 16+ hour ago (557+ words) HOUSTON, Sept 9 (Reuters) – Brent crude futures breached $100 a barrel on Wednesday for the first time since late July, as Iran and the U.S. hit tankers in the biggest wave of attacks on shipping since the war began, threatening to worsen…...
Morgan Stanley: Oil traders are???More Precise??? with risk as wars drag on
4+ day, 16+ hour ago (241+ words) (Oil Price) – Uncertainty about how the wars in Iran and Ukraine will unfold is keeping many traders away from taking positions in longer-dated futures contracts, according to investment bank Morgan Stanley. Most traders have now moved to bet on futures…...
Oil tanker hit in Iraqi waters, as vessels get caught in US-Iran attacks
4+ day, 17+ hour ago (247+ words) (BOE Report) – A tanker carrying about 2 million barrels of Iraqi fuel oil was struck by a drone in Iraqi territorial waters on Wednesday, port officials said, and British navy-affiliated UKMTO reported that several merchant vessels in the Gulf had been…...
Saudi Arabia halts energy operations after Houthi attacks
5+ day, 1+ min ago (390+ words) (World Oil) – Saudi Arabia halted operations at several energy facilities in the south after fresh Houthi attacks sparked fires, adding to concerns over oil supplies as Brent crude approaches $100/bbl. The Yemen-based Houthis said they targeted Saudi Aramco facilities in…...
Brent advances toward $100/bbl after Iran threat to Gulf energy infrastructure
6+ day, 1+ hour ago (483+ words) (Investing) – Oil prices rose on Tuesday, with Brent crude extending gains above $98 a barrel during the session, as investors weighed risks of further disruption to Middle East energy supplies after Iran warned that oil and gas infrastructure across the Gulf…...
Gulf shipping traffic via Hormuz keeps below 10-day average, data shows
1+ week, 3+ day ago (320+ words) (BOE Report) – Four commodity vessels transited the key waterway of the Strait of Hormuz on Thursday, down from nine a day earlier and well below the 10-day average tally of about 15, preliminary shipping data showed. Two medium-range tankers, a Kamsarmax…...
Oil rises, as US-Iran strikes risk limiting already impaired supplies
1+ week, 5+ day ago (505+ words) (Investing) – HOUSTON – Brent crude prices were marginally higher in a volatile session on Wednesday, driven by renewed military strikes between the United States and Iran that have restricted world oil supply. The U.S.-Iran war is now in its…...
Oil prices rise 2% as US-Iran fighting stokes supply fears
1+ week, 6+ day ago (518+ words) (Investing) – Oil prices climbed about 2% to a one-week high on Wednesday as a resumption in fighting between the U.S. and Iran renewed fears of supply disruptions from the Middle East. Brent futures rose $1.55, or 1.7%, to $92.04 a barrel at 10:33 a.m. EDT…...
Pipelines and ports: Iran war spurs Gulf infrastructure investment
2+ week, 3+ day ago (853+ words) (BOE Report) – The Iran war’s redrawing of the global trade map is forcing Gulf nations to retool their investment play book, ploughing capital into infrastructure, from energy pipelines to ports, to weather the fallout from the conflict. The war has…...