Monday, April 28, 2025
GE Oil & Gas Alum Joins Tech Company as CCO - Oil & Gas 360

Tech Leads U.S. Stocks Higher; Oil Gains 

From Reuters U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing. Tech pushed Wall Street into positive territory as investors girded themselves for a week of second-quarter results from major industrial

Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports

From Bloomberg Iran-owned tankers continue to haul shipments to bonded tanks, oil held by Iran’s state-owned producer and Chinese companies Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 - Oil & Gas 360Perry Final Portrait Cropped_0

Iran’s Ability to Influence Oil Market is Limited: U.S.’s Perry

From Reuters The rise in new suppliers of oil and gas has reduced the ability of Iran to influence global oil markets, U.S. Energy Secretary Rick Perry said on Monday. The price of crude LCOc1 jumped on Monday following Iran’s seizure on Friday of a British-flagged oil tanker in the Strait of Hormuz, but had pared initial, steep gains by