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EQT’s $12.8 billion acquisition of Range Resources would create the nation’s top natural gas producer as data center and LNG export demand rises.
Dan Pickering talks with CNBC’s Brian Sullivan about oil prices, energy deals, Venezuela’s production outlook and signs of slowing fuel demand.
Brent crude settles near $109 as conflicting reports on US-Iran talks shake oil markets amid tanker attacks and ongoing tensions in the Strait of Hormuz.
Rising Houthi attacks on Saudi Arabia and renewed Iranian targeting of shipping raise fears of October escalation around the Strait of Hormuz.
Freight rates for moving U.S. oil to Asia have soared from $3 to $6 per barrel before the war in Iran to around $38 per barrel today.
Trump suggests Ukraine replace Zelensky as the leaders clash over a US-Russia diesel deal that Kyiv warns could prolong the war.
Oil Prices rise after attacks on Saudi Aramco sites
Analysts say the Iran war could drag on through November’s midterms as stalled peace talks and Tehran’s push for leverage prolong the conflict.
More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
An export ban likely would slow U.S. refining and eventually push up all fuel prices, including gasoline, jet fuel, and diesel.
Oil futures don’t tell the whole story. The Iran war is tightening crude supplies, widening the gap between benchmark prices and what buyers actually pay.
Pickering Energy Partners advised ConocoPhillips on the sale of non-operated Permian EOR assets in Gaines and Yoakum Counties, Texas.
Continental Resources plans to invest in Venezuela as Dan Pickering highlights the major funding needed to restore the country’s oil production.
Dan Pickering says Venezuela’s oil revival needs major foreign investment, but concerns over contract protections and past nationalizations persist.