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German Chancellor Merz: My relationship with the US President remains good.
2026-04-29
German Chancellor Merz: My relationship with the US President remains good.
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2026-04-29
PetroChina Co. reported its best-ever quarterly profit, with Q1 net income rising to 48.33 billion yuan ($7 billion) from 46.8 billion yuan a year earlier, driven by higher energy prices amid Middle East conflict and Strait of Hormuz disruption. Upst
PetroChina Co. reported its best-ever quarterly profit, with Q1 net income rising to 48.33 billion yuan ($7 billion) from 46.8 billion yuan a year earlier, driven by higher energy prices amid Middle East conflict and Strait of Hormuz disruption. Upstream profit fell 12% despite a 0.7% output increase due to crude prices are weaker, while gas profit rose to 18.87 billion yuan. Marketing and refining segments saw strong gains, up 28% and 54% respectively. Elevated global prices supported chemicals and exports, offsetting refining pressure.
2026-04-29
President Trump met top energy executives at the White House to discuss the energy impact of the Iran war and broader market conditions, Axios reports. Attendees included Chevron CEO Mike Wirth, alongside officials such as Chief of Staff Susie Wiles,
President Trump met top energy executives at the White House to discuss the energy impact of the Iran war and broader market conditions, Axios reports. Attendees included Chevron CEO Mike Wirth, alongside officials such as Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent, and envoys Steve Witkoff and Jared Kushner. Discussions covered domestic production, Venezuela, oil futures, natural gas, and shipping. The administration noted frequent engagement With industry leaders as U.S. gasoline prices rose to $4.18 per gallon, the highest since 2022, amid Strait of Hormuz disruptions and global supply uncertainty. While measures like Jones Act waivers were introduced, options remain limited. The supply shock is tightening markets but boosting U.S. oil and LNG export prospects.
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