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Last week’s speculations about escalating tensions between Iran and the U.S. prompted a rush from charterers to secure vessels ahead of any potential supply disruption, shipbrokers said.

Stonepeak’s acquisition of Castrol isn’t due to close until later in 2026, but lenders are keen to capitalize on the current opportunity window, with investors eager to put cash to work in new deals.

BP needs to demonstrate how its decision to prioritize investment in oil and gas will create value for shareholders, according to a group of investors. 

California Gov. Gavin Newsom outlined plans for a $200 million electric vehicle subsidy in the state that would represent a major boost to Elon Musk’s Tesla and other EV makers in the state.

While frigid temperatures are still gripping the southern U.S., natural gas futures plummeted Feb. 2 as weather forecasts for mid-February shifted significantly warmer.

The move comes after months of Trump pressing India to cut its reliance on cheap Russian crude. Trump said that India would also start to reduce its import taxes on U.S. goods to zero.

The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate, as many of the best U.S. drilling sites have been tapped.

The White House confirmed on Feb. 2 the start of “Project Vault,” which would initially be funded by a $10 billion loan from the U.S. Export-Import Bank and nearly $1.67 billion in private capital.

Shares of U.S. oil giants Exxon Mobil and Chevron are on track for their largest monthly gains in more than three years, boosted by rising energy prices and geopolitical tensions.

Pilot Travel Centers is teaming up with Tesla to build a series of charging stations catering to the Elon Musk-led manufacturer’s Class 8 battery-electric Semi tractor, mostly in Western states.