Saturday, June 13, 2026
High oil prices could force Fed to raise rates- oil and gas 360

High oil prices could force Fed to raise rates

(Oil Price) – The oil-driven inflation shock rippling through global markets is now forcing a sharp rethink of U.S. monetary policy, with traders rapidly shifting from rate-cut expectations to pricing in potential hikes as crude continues to surge on Middle East supply disruptions. According to Bloomberg, markets are reassessing the Federal Reserve’s path as energy-driven inflation risks intensify. Fed funds futures

Supreme Court to Rule on Exxon's $1 Billion Cuba Assets Claim- oil and gas 360

Supreme Court to rule on Exxon’s $1 billion Cuba assets claim

(Oil Price) – The U.S. Supreme Court will be hearing on Monday arguments by ExxonMobil, backed by the Trump Administration, about the scope of a law allowing American companies to claim damages for seized assets in Cuba. U.S. supermajor Exxon is seeking compensation upwards of $1 billion for assets seized by the Cuban government in 1960. At the time of the confiscation of

Trump EPA set to scrap landmark emissions policy- oil and gas 360

Trump EPA set to scrap landmark emissions policy

(Oil Price) – The U.S. Environmental Protection Agency is about to pull the rug from underneath climate regulation by repealing the so-called endangerment finding—an EPA decision from 2009 saying greenhouse gases “threaten the public health and welfare of current and future generations.” The decision names six gases as dangerous, including carbon dioxide and methane, on which much of climate regulation in the United

Oilfield services executives head to Washington to push permitting reform- oil and gas 360

Oilfield services executives head to Washington to push permitting reform

(World Oil) – Executives from across the U.S. oilfield services and technology sector are heading to Washington this week to press lawmakers on permitting reform, trade policy and workforce issues they say are directly affecting project execution and investment across the energy industry. The Energy Workforce & Technology Council (EWTC) said nearly 60 senior leaders from more than 40 member companies will

API-led coalition urges expanded offshore leasing in DOI’s draft program- oil and gas 360

API-led coalition urges expanded offshore leasing in DOI’s draft program

(World Oil) – More than 80 national, state and local energy, business and manufacturing organizations have submitted comments supporting the U.S. Department of the Interior’s (DOI) 11th National Oil and Gas Leasing Draft Proposed Program, calling for expanded and predictable access to federal offshore acreage. The coalition, led by the American Petroleum Institute (API), urged the Bureau of Ocean Energy Management (BOEM)

IPAA urges EPA reset of regulations for low-production U.S. wells- oil and gas 360

IPAA urges EPA reset of regulations for low-production U.S. wells

(World Oil) – The Independent Petroleum Association of America is urging the Environmental Protection Agency to revise elements of Subpart W in the Greenhouse Gas Reporting Program that affect low-production and marginal-well operators. In a letter sent from Washington, the group said wells producing 15 boed or less represent a substantial share of U.S. output and require a regulatory framework aligned with small-business

API praises House approval of bipartisan permitting reform bills- oil and gas 360

API praises House approval of bipartisan permitting reform bills

(World Oil) – WASHINGTON — The American Petroleum Institute (API) is welcoming the U.S. House of Representatives’ passage of two bipartisan bills aimed at overhauling the federal permitting process for energy and infrastructure projects. The legislation includes the Improving Interagency Coordination for Pipeline Reviews Act (H.R. 3668) and the Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act (H.R. 3898). Both measures are designed to

Shadow fleet on edge after U.S. seizes tanker in Venezuelan waters- oil and gas 360

Shadow fleet on edge after U.S. seizes tanker in Venezuelan waters

(Oil Price) – The United States has seized a large oil tanker off the coast of Venezuela, marking a major escalation in tensions between Washington and Caracas. President Trump confirmed the operation, saying, “We’ve just seized a tanker on the coast of Venezuela, large tanker, very large, largest one ever seized actually”. He then went on to warn that “other things are happening

Chevron in talks with Trump team over Venezuela oil operations, sanctions- oil and gas 360

Chevron in talks with Trump team over Venezuela oil operations, sanctions

(World Oil) – Chevron Corp. is in discussions with the Trump administration about remaining in compliance with sanctions in Venezuela, emphasizing the benefits to the U.S. of the company’s continued presence, Chief Executive Officer Mike Wirth said. The CEO said he doesn’t know what President Donald Trump’s intentions are in the south Caribbean, where a US military build-up has prompted speculation

Permitting bottlenecks threaten energy security, NPC tells U.S. Department of Energy- oil and gas 360

Permitting bottlenecks threaten energy security, NPC tells U.S. Department of Energy

(World Oil) – The National Petroleum Council (NPC) has released the first two reports in its Future Energy Systems series, outlining a suite of reforms aimed at strengthening U.S. energy reliability as electricity demand accelerates. The reports—requested by U.S. Energy Secretary Chris Wright—call for streamlined permitting, clearer accountability frameworks, and improved coordination between natural gas and electric market regulators. NPC Chair

Council and Parliament strike a deal on rules to phase out Russian gas imports for an energy secure and independent Europe- oil and gas 360

Council and Parliament strike a deal on rules to phase out Russian gas imports for an energy secure and independent Europe

(Council of the EU) – Today, the Council presidency and the European Parliament’s representatives reached a provisional agreement on the regulation to phase out imports of Russian natural gas. The regulation constitutes a central element of the EU’s REPowerEU roadmap to end dependency on Russian energy following Russia’s weaponisation of gas supplies with significant effects on the European energy market. The regulation introduces a

NextDecade begins pre-filing process to expand Rio Grande LNG project- oil and gas 360

NextDecade begins pre-filing process to expand Rio Grande LNG project

(BOE Report) – NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the moratorium on