My Energy Story

President Donald Trump said an Axios report claiming that he offered Iran sanctions relief in exchange for nuclear concessions is false. Axios journalist Barak Ravid reported that US officials told him the President had offered to lift sanctions and unfreeze Iranian assets in return for concrete steps on Iran’s nuclear program. Shortly after the report […]

Oil Prices Hold Gains As Gasoline Stocks Hit 12 Year Lows, Cushing 'Tank Bottoms' Loom Brent crude prices are rising back toward $100 per barrel this morning following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire Prices rose after the U.S. military said Iran fired missiles toward Kuwait and Bahrain, which failed to hit their targets. The United States said it then struck an Iranian military ground control station on an island in the Strait of Hormuz.   API: Crude: -6.8MM Cushing: -279k Gasoline: +3.5M Distillate: -214k DOE: Crude: -7.97mm - biggest draw since Feb Cushing: -583k Gasoline: +3.36mm -...

Israel extended its evacuation order in the city of Tyre to include effectively the whole south of Lebanon, declaring the entire region an active combat zone, despite a ceasefire nominally having been in place in Lebanon for well over a month now. That ceasefire has consistently failed to cease Israeli attacks on Lebanon, and even […]