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RAPIDAN ENERGY
Trump officials tried to ban half of US voting machines, citing conspiracy theoriesA Trump administration plan aimed to ban Dominion voting machines. Officials considered declaring components national-security risks. This ...- US pins hopes on mediator Pakistan in push to end Iran warUS Secretary of State Marco Rubio voiced hope of progress on ending the war with Iran, as he looked to Pakistani mediators to help advance ...
- Iran has destroyed roughly $1 billion worth of US Reaper dronesIran has destroyed at least 24 MQ-9 Reaper drones operated by the US since the war began, with total losses possibly reaching 30, according...
- Hormuz closure threatens recession rivaling 2008, Rapidan Energy Group saysRapidan Energy Group warns that if the Strait of Hormuz remains closed through August, the world economy could face a downturn approaching ...
- Trump says he supports suspending US gas tax after prices remain highPresident Trump supports suspending the federal gasoline tax amid surging prices driven by the Iran war, a move requiring congressional app...
- Traders warn $100 oil is imminent if Iran war keeps ragingA week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in ...
- Any country that buys oil from Iran may land in trouble; here's whyDonald Trump issued a stern warning, stating that any country or individual purchasing oil or petrochemicals from Iran would face severe sa...
- Risks are ramping higher on Middle East crude flows, Rapidan saysFresh tensions in the Middle East, particularly Israel’s actions against the Houthis in Yemen, may jeopardize vital energy resources, raisi...
- Oil steady as players take stock of Middle East supply concernsOil prices were steady in early Friday trading as investors balanced supply concerns in the Middle East with weak demand signals. Libyan pr...
- Oil markets less tight than expected as supply climbsThe IEA boosted forecasts for world fuel consumption this year on surprising strength in China, and still anticipates a supply shortfall du...
- We are at the foothills of a multi-year boom cycle in oil prices: Robert McNally, Founder & President, Rapidan EnergyRobert McNelly has seen conflicts from up close. He was the former senior energy advisor on both the National Economic Council as well as t...
- Traders don't expect a big crude shock just yetCrude traders don't expect a massive price surge as there's no immediate threat to supply. But all eyes are on Iran, a major oil producer a...
- Saudi move to cut crude output pulls OMC stocks down furtherShares of state-owned OMCs retreated for the second straight day. Bharat Petroleum Corp (BPCL) ended nearly 1% lower at the end of Monday's...
- OPEC+ output cut set to wipe out this quarter’s oil surplusBefore the intervention, global oil supply was set to exceed demand by about 500,000 barrels a day from April to June, before flipping into...
- OPEC+ seen reviving output in sign of confidence for 2022 demandThe 23-nation alliance led by Saudi Arabia and Russia is likely to proceed with another modest monthly hike of 400,000 barrels a day as it ...
- Colonial Pipeline pushes to recover from cyberattackThe US oil and gas industry is used to dealing with outages, like those caused by hurricanes or other extreme weather -- see February’s win...
- Opec cuts output to lowest since 1991 as virus slams oil demandOpec and its partners’ record output cuts since May have helped revive the oil market.
- Brent crude jumps above $33 on hopes of oil output dealUS West Texas Intermediate (WTI) crude rose 5.9%, or $1.49, to $26.81, a day after jumping 24.7%.
- Opec+ on brink of failure as Russia resists deeper cuts; Oil tanks 6%Energy Minister Alexander Novak favored keeping the group’s supply reduction at current levels.
- US posts first month in 70 years as a net petroleum exporterThe nation exported 89,000 barrels a day more than it imported in September, according to data from the Energy Information Administration o...
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