Energia
SPR Borrowers Owe Uncle Sam 40 Million Extra Barrels
The US Strategic Petroleum Reserve has taken a beating during the Iran war, but Energy Secretary Chris Wright says the government's emergency oil stash is headed for a surprisingly lucrative refill. Companies that borrowed crude from the SPR during the conflict will return those
US Drillers Continue to Add Oil Rigs
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 563, up 4 from this same time last year. The number of active oil rigs rose by 2 to
Bank of England Official Says Oil Crisis Clouds Rate Outlook
The Bank of England may know where inflation is headed, but it has a much harder time knowing where oil—and interest rates—are headed. That was the message from Bank of England policymaker Swati Dhingra on Friday, as the ongoing Middle East energy crisis continues to complicate t
S&P Rejects Fast Entry for SpaceX, Delaying $14B in Passive Inflows
Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P 500 some 6 months after the offering would unlock $13.4 billion worth of inflows. It turns out that that is not going to happen 6 months after
India Launches 85% Ethanol Fuel to Cut Oil Import Dependence
India is launching on Friday a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program of the world's third-largest crude importer to reduce dependence on imported oil. The E85 fuel was officially launched at a ceremony in New Delhi in the presence
Oil Markets Stop Believing Trump’s Peace Narrative
Fresh strikes on Kuwait and Oman undermine hopes of a U.S.-Iran de-escalation, keeping oil markets on edge and traders skeptical of diplomatic progress. Friday, June 05, 2026 This week’s strikes on Kuwait and the Friday morning attack on Oman have dented hopes for a de-escalation
Trump Auction Opens Arctic Refuge Drilling Rights for First Time Ever
The Trump Administration is holding its latest lease sale in Alaska on Friday in a test for investors and environmentalists as the auction comprises tracts in the Coastal Plain of the Arctic National Wildlife Refuge. The Bureau of Land Management (BLM) is holding the oil and gas
Trump Floats Meeting Iran's Supreme Leader, But Only If There's A Deal
US President Donald Trump said the United States will win the conflict with Iran either "militarily or on paper," referring to the fitful negotiations with Tehran, and he suggested he could meet with Iran's reclusive supreme leader "if it was to make a deal." "We're going to win