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Oil Settles Down More 3% After US-Iran Talks Signal Easing Supply Risks
By Georgina Mccartney US, Iran conclude high-level talks in Switzerland Iran has secured waivers for oil, petchem exports Brent rose earlier after bumpy start to talks HOUSTON, June 22 (Reuters) – Oil prices settled more than 3% lower on Monday, as supply concerns eased after U.S. Vice President ​JD Vance said progress has been made ...

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Iran War Triggers Global Race to Build Oil Reserves: Bousso
(Reuters) – Vulnerable countries that paid a high economic price during the Iran war are seeking to build domestic oil and gas storage buffers against future shocks, a drive that could bring roughly half a billion barrels of additional demand down the pike. While the near-total closure of the Strait of Hormuz cut off a ...

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US Proposes to Slash Costs for Energy Drillers on Federal Lands
(Reuters) – The Trump administration on Monday proposed looser rules for oil and gas drilling operations on federal lands, including a dramatic cut to clean-up costs for abandoned wells. The moves are aligned with President Donald Trump’s goal to reduce regulations for businesses and make it easier to invest in production of domestic fossil fuels. ...

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Oil Stocks in US Strategic Petroleum Reserve Fall to Lowest Since 1983
(Reuters) – Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 331.2 million barrels last week, the lowest level since June 1983, according to data from the Department of Energy, as supplies continued to tighten in the fallout of the U.S.-Iran war. Inventories in the government’s emergency stash fell by 9.05 million ...

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ExxonMobil Announces Planned Effective Date for Move to Texas
SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation today announced that its redomiciliation from New Jersey to Texas is expected to become effective on July 1, 2026. As part of this change, ExxonMobil Holdings Corporation will become the publicly traded parent company, replacing Exxon Mobil Corporation of New Jersey. Shares will continue to trade on the New York Stock .....

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