Iran Denies Negotiations With US After Trump Announces Talks For Monday Afternoon

President Donald Trump paused the operation to assist commercial ships through the Strait of Hormuz just hours after it was announced because key Gulf allies withdrew their support.  According to two US officials speaking with NBC News, Saudi Arabia informed the US that it could not use its military bases or airspace for the operation […]

North Sea Oil Fight Escalates As Starmer Cites Legal Limits Authored by Mauricio Alencar via City A.M., Sir Keir Starmer has said he doesn’t hold legal powers to approve fresh exploration of North Sea oil and gas fields, with the decision falling in the hands of net zero secretary Ed Miliband. Starmer said current legislation determined that a quasi-judicial decision relating to cases for more gas extraction at Shell’s Jackdaw site and Equinor’s Rosebank oil field was left to Miliband. The Prime Minister reiterated the government’s commitment to expanding renewable energy. He said the...

Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today.  Under Maduro, around 75% of the country's energy exports were going to China.  This year, the US will be receiving around 50% of the oil supply while China's share is reduced to 10%.    The stunning shift in the direction of oil shipments is helping to insulate the US from shortages caused...