US oil M&A deals slide from 2023 highs as buyers focus on value over volume

Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for takeovers due to weak oil prices and trade...

https://www.hellenicshippingnews.com/us-oil-ma-deals-slide-from-2023-highs-as-buyers-focus-on-value-over-volume-2/

U.S. retail gasoline prices heading into Memorial Day weekend are at a four-year low

The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into...

https://www.hellenicshippingnews.com/u-s-retail-gasoline-prices-heading-into-memorial-day-weekend-are-at-a-four-year-low/

Oil heads to first weekly loss since April on OPEC+ supply hike prospect

Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July. Brent futures fell 48 cents, or 0.8%, to $63.96 a barrel by 0635 GMT. U.S. West Texas...

https://www.hellenicshippingnews.com/oil-heads-to-first-weekly-loss-since-april-on-opec-supply-hike-prospect/

US says there are significant undiscovered oil and gas resources in Wyoming

A new federal assessment has identified significant undiscovered, technically recoverable oil and gas resources in parts of Wyoming, Utah and Colorado, the U.S. Interior Department said on Wednesday. WHY IT’S IMPORTANT The resources identified by the U.S. Geological Survey in what is known as the...

https://www.hellenicshippingnews.com/us-says-there-are-significant-undiscovered-oil-and-gas-resources-in-wyoming/

Lifting US sanctions on Iran could crush China’s ‘teapot’ oil refineries: Bousso

The possible lifting of U.S. sanctions on Iran’s oil exports could deal a fatal blow to independent Chinese refineries that have thrived by processing Tehran’s discounted crude, while also putting further downward pressure on oil prices. President Donald Trump has taken a dual-track strategy with...

https://www.hellenicshippingnews.com/lifting-us-sanctions-on-iran-could-crush-chinas-teapot-oil-refineries-bousso/