Asia Begins Pricing US Oil Against Brent As Dubai Volatility Spikes

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive...

President Donald Trump threatened large-scale strikes on Iran if Hezbollah does not halt attacks on Israeli forces that invaded Lebanon.  “Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble. If they don’t, we’ll hit Iran very hard again, just like we did last week, only harder!!!” the President wrote on Truth […]

Germany, France Hold Secret Talks On Continental Nuclear Shield In Pivot From US Has Europe really embarked on a nuclear reset, rethinking its US-led deterrent architecture? For the first time since the Cold War, major European capitals are openly debating the need for an independent nuclear deterrent - an emerging theme on clear display this week at the Munich Security Conference. We've reported before that the turning point came in March, when Washington temporarily halted battlefield intelligence sharing with Ukraine - a move that forced allies to confront the prospect that...