WTI Holds Gains After Big Gasoline Inventory Draw, US & OPEC Production Jump | ZeroHedge

Oil prices are rising again this morning, despite a surge in OPEC+ production reported for February and also in spite of a large crude build reported by API last night.

The rise comes after the Energy Information Administration on Tuesday said it expects the market to remain under supplied until the third quarter. 

Last month, the agency forecast that inventories would begin rising by the end of June.

A weakening greenback is also supporting prices as the currency suffers from (more…)

Continue ReadingWTI Holds Gains After Big Gasoline Inventory Draw, US & OPEC Production Jump | ZeroHedge

BlackRock CEO Says American ‘Practicalism’ Can ‘Make Energy Great’ | ZeroHedge

Authored by John Haughey via The Epoch Times,

U.S.-based capital markets will fuel the private investment needed to grow the nation’s energy grid to build out an electrifying digital economy, BlackRock cofounder, Chair, and CEO Lawrence Fink told energy corporation leaders and innovators Monday.

President Donald Trump’s drive to dramatically scale back the nation’s federal workforce, however, could backfire by delaying approvals for projects and innovations financed by (more…)

Continue ReadingBlackRock CEO Says American ‘Practicalism’ Can ‘Make Energy Great’ | ZeroHedge

Iran Tells Trump ‘Do Whatever The Hell You Want’ On Oil Crackdown | ZeroHedge

As fully expected, Iran in a new Tuesday statement rejected the possibility of nuclear talks with the US under the Trump administration so long as it is threatened. 

Iran's President Masoud Pezeshkian has ruled out any dialogue "while being threatened" – as cited in state media. That's when he used some colorful words expressing that Trump can do "whatever the hell you want." Iran has greatly struggled economically, but has endured – as is deepening (more…)

Continue ReadingIran Tells Trump ‘Do Whatever The Hell You Want’ On Oil Crackdown | ZeroHedge