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This post was originally published on this siteJune 20 (Reuters) – The U.S. Treasury Department on Friday extended a general license protecting Venezuela-owned refiner Citgo Petroleum from creditors through December 20, the department’s website showed, opens new tab. Washington has protected the Houston-based company from creditors in recent years even amid a court-organized auction of […]

This post was originally published on this site(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for an eighth week in a row for the first time since September 2023, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas

This post was originally published on this siteBy Alisa Odenheimer, Eltaf Najafizada, Akayla Gardner, and Samy Adghirni Talks aimed at de-escalating the week-long war between Israel and Iran got under way in Geneva on Friday after US President Donald Trump signaled he would give diplomacy a chance before deciding whether to intervene militarily. Iranian Foreign

This post was originally published on this siteBy Michael Nienaber, Suzanne Lynch, and Kamil Kowalcze The European Union shelved a plan for a stricter price cap on Russian oil exports over concerns that the US won’t back tougher sanctions due to rising crude prices. The EU has proposed lowering the cap to $45 per barrel

This post was originally published on this siteThe reactor building at the Bushehr nuclear power plant in Bushehr, Iran, in a handout image supplied by the Iran International Photo Agency. Photographer: Iran International Photo Agency/Getty Images President Vladimir Putin said Russia sought and received assurances from Israel and the US that they’d ensure the safety

This post was originally published on this siteBy Andrew Chung Biden’s EPA let California set tougher emissions standards Supreme Court limited EPA regulatory powers in prior cases Justice Kavanaugh writes Supreme Court’s 7-2 ruling WASHINGTON, June 20 (Reuters) – The U.S. Supreme Court sided on Friday with fuel producers that had opposed California’s standards for

This post was originally published on this siteBy Andrew Mills and Marwa Rashad Qatar warns of risks to global gas supply A shutdown of Qatari production could cut 20% of global supply Asian LNG prices have risen by 11% on supply disruption concerns DOHA/LONDON, June 20 (Reuters) – Qatar held crisis talks this week with