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U.S. diesel prices are hovering near record highs as the wars in the Middle East and Ukraine squeeze global refining capacity. A top European central banker warns high diesel prices could linger much longer. But some investors expect oil to tumble once the Strait of Hormuz reopens. The average price for a gallon (3.79
QatarEnergy expects the first train of its North Field East liquefied natural gas expansion project to start production in the first half of 2027, but additional trains will depend on the Strait of Hormuz crisis, CEO Saad al-Kaabi said.
Gov. Jay Robert ‘JB’ Pritzker (D-IL) has demanded that oil companies like Chevron Corp. (NYSE: CVX ), ExxonMobil Holdings Corp. (NYSE: XOM ), ConocoPhillips (NYSE: COP ) and others commit to returning Iran war-induced profits to consumers. ‘Paying the Price’ for Trump’s Iran War In a post on X, Pritzker said that Illin
President Donald Trump escalated his pressure campaign on the energy sector Monday, posting on Truth Social that oil companies must “get your consumer (retail!) Oil Prices DOWN, NOW!” The comments followed Chevron Corp. (NYSE: CVX ) CEO Mike Wirth ‘s interview with Fox Business, in which Wirth detailed the company’s st
Exxon CEO expects Hormuz to reopen