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Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018.Simon Dawson | Bloomberg | Getty ImagesU.S. crude oil futures rose more than 4% Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that the two countries will reach a nuclear deal.Brent crude futures rose $2.90, or 4.3%, to close at $69.77 a barrel. U.S. West Texas Intermediate crude gained $3.17, or 4.9%, to settle at $68.15.The U.S. is preparing a partial evacuation of its embassy in Iraq due to heightened security risks in…

The U.S. State Department is preparing to order the departure of non-essential personnel from its embassy in Baghdad amid escalating security risks tied to stalled nuclear negotiations with Iran. Although no formal evacuation has been executed, contingency plans are in motion as tensions in the Gulf rise sharply, stoking fresh concerns over regional energy stability and global crude supplies.With preparations underway, on Wednesday, June 11 at 2:47p.m. ET, Brent crude was trading 3.84% at $69.44, while WTI was trading up 4.36%, at $67.81. The embassy drawdown preparations follow the latest collapse in indirect nuclear negotiations between Washington and Tehran. Escalations in the region…

(Investing) – LONDON -Oil prices rose to their highest in seven weeks on Wednesday as U.S. President Donald Trump said a deal had been done with China, heightening expectations of a de-escalation in trade tensions between the world’s two largest economies.  futures were up $1.15, or 1.7%, to $68.02 a barrel at 1249 GMT, while U.S. West Texas Intermediate crude was up $1.31, or 2%, to $66.29. At that level, WTI reached its highest in more than two months. Trump said Beijing would supply magnets and rare earth minerals and the U.S. will allow Chinese students in its colleges and universities.…

WASHINGTON— U.S. Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum, vice-chair and chair of the National Energy Dominance Council (NEDC) respectively, today joined Yukio Kani, global CEO and chairman of JERA Co., Inc. and representatives from several U.S. LNG producers to announce the finalization of four 20-year agreements between JERA and U.S. companies to purchase up to 5.5 million tons per year of American LNG. The agreements, which are projected to support more than 50,000 U.S. jobs and add more than $200 billion to U.S. GDP according to S&P Global analysis, underscore President Trump’s efforts to…

U.S. President Donald Trump is now less confident that the United States could reach a nuclear deal with Iran to prevent the Islamic Republic from obtaining a nuclear weapon.“I’m less confident now than I would have been a couple of months ago,” President Trump said in a podcast this week.“Something happened to them, but I am much less confident of a deal being made,” the President added.  Regardless of whether a deal is reached, the U.S. will not allow Iran to develop a nuclear bomb by enriching uranium at the necessary level, he said.“But it would be nicer to do…

Aquaterra Energy, a leader in offshore engineering solutions, has secured two major contracts to support the Northern Endurance Partnership (NEP), the CO2 transportation and storage provider for the East Coast Cluster. The project, which will initially serve three carbon capture projects in the Teesside region is the first offshore carbon capture and storage (CCS) project in the UK to receive a carbon storage permit.  The contracts were awarded following successful commercial and technical evaluations. The first will address the challenge of safely re-abandoning two legacy wells – a critical step in securing the long-term integrity of the site for safe…

SupplyTech Breakthrough, an independent market intelligence organization, today revealed the winners of its fourth annual SupplyTech Breakthrough Awards. Thousands of nominations from more than 15 countries competed across dozens of categories, recognizing excellence and innovation in supply chain technology and logistics. Featured Awards Overall SupplyTech Innovation of the Year: Voxel Overall SupplyTech Solution of the Year: EPG ONE, EPG Demand Planning & Forecasting Demand Forecasting Solution of the Year: Impact Analytics Demand Forecasting Innovation of the Year: Manhattan Associates Digital Freight Shipping Overall Digital Freight Shipping Solution of the Year: CrossCountry Freight Solutions Data & Analytics Predictive Analytics Solution of…

Scott Frank figured out how to thrive in Hollywood. Now he’s doing it at Netflix.But the writer/director has advice for young people who want to follow in his footsteps: Try something else.If Frank were starting out his career in 2025, he said he wouldn’t mess around with movies or television. “I’d want to go work in the gaming world, where I think there’s some really interesting stuff going on,” he told me this month.That’s quite a comment coming from someone who spent years as one of the most in-demand writers in the movie business, and has now established himself as…

European funds to prevent forest fires have been poorly targeted and sometimes distributed in a hurry, according to a report from the EU’s spending watchdog.The number of forest fires in EU countries has increased dramatically over the last two decades as the climate crisis fuels ever bigger conflagrations. An area twice the size of Luxembourg has been consumed by flames in an average recent year, killing people, destroying homes and wildlife and sending megatonnes of planet-heating emissions into the air.The European court of auditors praised the decision to devote more money to preventing fires but said European-funded projects were not…

Liquefied natural gas (LNG) shipping specialist Flex LNG has secured financing for the 2019-built carrier Flex Courageous. The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 percent per year. The company earlier secured up to 10 years of additional backlog for the vessel. The JOLCO lease financing is the initial step of three anticipated vessel refinancings under the Balance Sheet Optimization Program 3.0, which Flex LNG outlined in its first-quarter 2025 presentation following…