Gasoline refining margins in Northwest Europe reached their highest point since mid-2022, driven by a significant drop in inventories at the key ARA trading hub to a near five-year low.
The U.S. government is reportedly negotiating for a significant, century-long stake in Venezuela's vast energy reserves, a move that would represent a major shift in Western Hemisphere energy policy.
European wheat futures climbed to their highest level in nearly a month as reports of escalating Russia-Ukraine conflict intensify concerns over potential disruptions to crucial grain shipments from the Black Sea region.
The U.S. government is reportedly finalizing an agreement with Venezuela that would grant American companies long-term access to develop specific oilfields, ensuring a guaranteed supply of crude, according to sources familiar with the talks.
A top Iranian security official stated that Tehran is preparing a list of conditions, including an end to the regional war and the lifting of U.S. sanctions, before it will consider reopening the critical Strait of Hormuz to shipping.
The United States is reportedly negotiating a long-term lease for a significant stake in Venezuela's vast oil reserves, a move that could reshape Western Hemisphere energy policy, according to a report by Bloomberg.
President Trump is expected to meet with top U.S. refiners and fuel retailers next week to address gasoline prices that have surged above $4 a gallon, according to sources familiar with the plans.
President Donald Trump said the U.S. is not negotiating with Iran and will continue its economic pressure campaign, threatening secondary sanctions against countries that do business with Tehran.
A coalition of agricultural and renewable fuel organizations is warning the Trump administration that a proposed plan to double biofuel blending exemptions for small refineries would severely harm the rural economy.
