Chevron (CVX) News

As net long positions in WTI crude oil hit a 20-week high, the Trump administration is considering invoking the Defense Production Act to expand refining capacity.

Executives at refining companies stated that new refineries require several years to become operational, leading them to prioritize improving the efficiency of existing facilities. Currently, the average price of diesel in the United States has surpassed $6 per gallon for the first time, while gasoline prices remain elevated, and refinery utilization rates have reached approximately 98%. According to data from the CFTC, as of the week ending September 8, net long positions in NYMEX WTI crude oil hit a 20-week high, and net long positions in gasoline reached a nine-month high.

wallstreetcn05:02

Express News | U.S. air defense time windows restricting oil tanker transit through the Strait of Hormuz

Following an escalation in U.S. efforts to counter attacks on vessels navigating at night, the United States has mandated that tankers transiting the Strait of Hormuz operate only during specific time windows to receive military protection. Since May, Washington has provided air cover to ships opting for routes along Oman's southern coast, aiming to deter Iranian attacks and ensure the continued export of some oil from the Gulf. Shipowners must submit applications to the U.S. Naval Coordination Center for Shipping (NCAGS), which then issues navigation coordinates to crews and authorizes passage during broad nighttime windows, during which U.S. warplanes provide escort. Emails obtained by the media, sent from NCAGS to maritime advisors, reveal that in early September, these transit windows were narrowed to two fixed time slots each day. Vessels were instructed to set sail at designated times—such as 9 a.m.—with one email stating: "We are currently offering dynamically adjusted recommended transit windows. While vessels are not required to transit within these windows, adherence is advised to maximize protection." Another message noted that, given the threats facing merchant shipping, "it has become clear that nighttime transit is not the safest period of the day." (Financial Times)

Breakings12:05

Income Investing: 12 Energy Stocks for Dividend Seekers -- Barron's

By Al Root Pain at the pump can be good for income-seeking investors-if they know where to look for high-quality energy stocks that are returning cash to shareholders. The U.S. military recently

Barron's09:31

Tanker freight rates have surged to 4.5 times the baseline benchmark, with the war costs of Middle East conflicts being factored into the price of every barrel of crude oil.

This week, freight rates for very large crude carriers (VLCCs) on the Gulf of Oman-to-China route surged to Worldscale 450 points (equivalent to 4.5 times the benchmark rate), translating to approximately $11.50 per barrel and setting a record high since the inception of this route. Meanwhile, ongoing military exchanges between the United States and Iran continue to constrain available shipping capacity in the Gulf, while VLCC freight rates on the West Africa-to-Asia route have also hit historic highs.

wallstreetcn05:30

Saudi Arabia Shuts Key Pipeline, Adding Pressure to Oil Supplies -- Barrons.com

By Evie Liu Saudi Arabia has shut down a critical pipeline used to bypass the Strait of Hormuz, adding another threat to already strained Middle Eastern crude supplies. Saudi Arabia halted

Barron's05:18

Market Chatter: Chevron CEO Says Dwindling Oil Buffers May Push Prices Up

Chevron (CVX) CEO Mike Wirth said oil buffers that curbed the rise in crude prices since the start of the US-Iran war are depleted, and the conflict may drive prices higher in the coming months,

MT Newswires01:39

Market Chatter: Chevron CEO Says Venezuela Oil Sales to Fund Expansion in Country

Chevron's (CVX) $7 billion expansion in Venezuela will be funded with cash generated from the country, Bloomberg reported Friday, citing CEO Mike Wirth as saying at the University of Texas' Energy

MT Newswires00:52

Dow Jones Today: DJIA Climbs on CPI Report as Consumer Sentiment Sours

TipRanks00:51

Houthi forces have nearly complete control of the Bab el-Mandeb Strait! A dual blockade is strangling Saudi Arabia's export lifeline.

The Houthi forces have not only seized all strategic islands in the Red Sea but also paralyzed Saudi Arabia’s last crude oil export corridor. Can isolated Riyadh weather this shock?

Golden10 DataSep 11 22:19

IEA warns that the war in Iran has dragged oil demand to its largest post-pandemic decline, cautioning that further weakening is likely in the coming months.

The ongoing conflict in Iran continues to weigh on global oil demand, with this year's decline marking the largest since the onset of the pandemic, and further contraction is likely in the coming months.

wallstreetcnSep 11 22:02

Express News | Chevron CEO Says Company Has Seen a Reduction in Impacts on Its Operations in Kazakhstan

BreakingsSep 11 21:45

Express News | Chevron CEO Says Trump Administration Spoke With Ukraine About Attacks on Oil Infrastructure in Black Sea

BreakingsSep 11 21:44

Express News | Chevron CEO Says $7 Billion Venezuelan Investment Over Five Years Will Come From Cash Generated by the Three Joint Ventures

BreakingsSep 11 21:32

Express News | Chevron CEO Mike Wirth Says Early Buffers in Oil Market Have "Played Out", Price Risk From Iran War Is Now Higher -Conference

BreakingsSep 11 21:25

Oil prices surge then retreat! IEA warns of widening supply gap, as global petroleum demand may be undermined by high prices

The International Energy Agency has lowered its oil demand forecast for this year and warned that, as the war in Iran continues and consumers are forced to adapt to reduced supply, oil consumption could decline further in the coming months.

Zhitong FinanceSep 11 19:42

Diesel Prices Soar to $6 for First Time. The Fed's Rate Decision Is Getting Simpler. -- Barrons.com

By Callum Keown, Martin Baccardax A crucial day for inflation and the U.S. economy is off to a bad start. Diesel prices have hit $6 a gallon for the first time in history and Brent crude oil prices

Barron'sSep 11 19:32

Oracle, Adobe, Copart, RH, Chevron, and More Stocks That Explain Today's Market -- Barrons.com

By George Glover Stock futures were rising on Friday as oil prices retreated, encouraging investors to buy the dip ahead of the high-stakes August inflation report. Oracle rose 7.2% in premarket

Barron'sSep 11 19:18

A historic first: U.S. diesel prices surpass $6, as the economy’s “silent killer” stirs up the midterm elections

U.S. diesel prices have surpassed $6 per gallon for the first time in history. As the peak season for diesel demand approaches, this fuel—rarely noticed directly by American consumers yet vital to global supply chains—is becoming a driver of inflation at an unprecedented pace.

Zhitong FinanceSep 11 17:07

Houthi forces seized a key Red Sea port, escalating the conflict with Saudi Arabia, while reports emerged that Iran has resumed ballistic missile production, sending crude oil prices surging.

Officers of the Yemeni government forces stated that on Thursday, Houthi rebels captured Mokha, a strategic port city in Taiz Province in southwestern Yemen and a key location on the Red Sea. On the same day, the Houthis claimed that Saudi Arabia had launched 64 airstrikes across multiple locations in Yemen within a 24-hour period. They asserted that navigation in the Red Sea remains "unthreatened" and described their military operations as defensive. Shipping industry experts noted that the capture of Mokha allows the Houthis to advance further south, effectively achieving "near-total control" of the Bab el-Mandeb Strait. The loss of Mokha will "undoubtedly impact maritime security in the region."

wallstreetcnSep 11 04:56

Brent Is Back Above $100 and Could Keep Rising. How to Play It.

By Doug Busch Energy has been the market's quiet winner in 2026, with the exception of the second-quarter hiccup, and Wednesday reinforced that point. While the S&P 500 slipped 0.5% and 10 of the 11

Barron'sSep 11 03:56