OilPrice
JUNE 14, 2025
For years, automakers have been betting big on electric vehicles (EVs), as several governments attempt to phase out the sale of internal combustion engine (ICE) vehicles in favour of cleaner electric alternatives. As governments introduced financial incentives for EV uptake alongside emissions fees and eventual bans on ICE vehicles, automakers expected the sale of EVs to soar.
BOE Report
JUNE 14, 2025
Gasoline production was cut back on Saturday at Marathon Petroleum’s 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas due to a fire on the residual hydrotreater, said people familiar with plant operations.
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OilPrice
JUNE 14, 2025
Israel's strikes against Iran's nuclear complex and military leadership have sent shock waves around the globe, raising fears of escalation and a wider war in the region. But the shock-and-awe campaign also reverberated in Moscow, where Russian President Vladimir Putin has positioned himself as a powerful interlocutor with Tehran. Russia's response to the strikes was swift and unequivocal.
Rigzone
JUNE 14, 2025
SEARCH JOBS >> CREATE ACCOUNT SIGN IN Oil & Gas Jobs ▼ Search Jobs Jobs By Category Featured Employers Ideal Employer Rankings Oil & Gas News ▼ Headlines Most Popular Oil Prices Events Training Equipment SOCIAL Rigzone AI ▼ RigzoneGPT Chatbot Recruitment Job Postings & Talent Database Packages Search CV/Resumes Recruitment Dashboard Post Job FAQ | Advertise WTI Crude $72.98 +7.26% Brent Crude $74.23 +7.02% Natural Gas $3.58 +2.55% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEW
OilPrice
JUNE 14, 2025
Yesterday, in "What's Behind The Recent Surge In Platinum, And Will It Continue", we not only explained in detail what is going on both at the technical and fundamental level, but also answered in the affirmative and why - yes, it the surge will continue. One day later, the surge has indeed continued, and having decisively broken $1200 earlier this week, platinum spiked another $100, touching a session high of $1285, and is now just dollars away from the post-covid high above $1300.
Rextag
JUNE 14, 2025
A partnership of 36 First Nations in British Columbia is acquiring a 12.5% stake in Enbridge Inc.’s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The group, known as the Stonlasec8 Indigenous Alliance LP, secured CA$400 million in loan guarantees from the newly launched Canada Indigenous Loan Guarantee Corporation (CILGC), a federal entity created
Iraq Business News: Oil & Gas
JUNE 14, 2025
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Deep Dive: Will end to pipeline feud revive flow of Iraqi oil to Israel? After a glimpse of progress, Baghdad's spat with the Kurdistan Regional Government (KRG) over the future of the Iraq-Turkey Pipeline (ITP) is flaring up.
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BOE Report
JUNE 14, 2025
Yemen’s Iran-aligned Houthis said on Sunday that they targeted Israel in coordination with Iran, the first time an Iran-aligned group has publicly announced joint cooperation on attacks with Tehran. The Yemeni group targeted central Israel’s Jaffa with several ballistic missiles in the last 24 hours, military spokesperson Yehya Sarea said in a televised address.
Iraq Business News: Oil & Gas
JUNE 14, 2025
By John Lee. The Iraqi Cabinet has approved the recommendations of the committee tasked with reviewing and addressing issues related to locally produced and imported industrial oils, as part of broader efforts to strengthen the domestic manufacturing sector. Key decisions include: Formation of a committee chaired by the Deputy Minister of Oil, with members from the Federation of Industries, the Central Organisation for Standardisation and Quality Control (COSQC), technical and economic departmen
BOE Report
JUNE 14, 2025
Iranian media on Saturday reported fire breaking out after Israel bombed infrastructure at the South Pars gas field in southern Bushehr province.
OilPrice
JUNE 14, 2025
After coming into office, the administration of President Donald Trump has eliminated licenses for oil companies to operate in Venezuela, despite initial hints that it would continue them, with presidential envoy Richard Grenell’s visits to Caracas. This means that sanctions on state-owned PDVSA are fully back on. Chevron, the main U.S. corporation on the ground, is back to having only a secret license for minimum maintenance and security, as it still a shareholder in four joint ventures.
BOE Report
JUNE 14, 2025
The latest round of U.S.-Iran nuclear talks scheduled for Sunday in Muscat will not take place, Omani Foreign Minister Badr Albusaidi said on X on Saturday. Oman has been mediating the talks.
OilPrice
JUNE 14, 2025
One non-fossil fuel energy source that Trump is backing is nuclear power. The U.S. President recently announced plans to quadruple the U.S. nuclear capacity by 2050. However, several challenges must be overcome to meet this target. Firstly, building a new nuclear plant can take a decade or more, meaning that operators would have to apply for permits for new projects now to get them up and running in the coming decades.
BOE Report
JUNE 14, 2025
Gas production has been suspended from part of Iran’s South Pars field following an Israeli attack on the site on Saturday, the semi-official Tasnim news agency reported.
BOE Report
JUNE 14, 2025
Russian President Vladimir Putin spoke to U.S. President Donald Trump for 50 minutes on Saturday, condemning the Israeli military operation against Iran and expressing concern about the risks of escalation, the Kremlin said.
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