Crude oil prices gave up some of the gains they made earlier this week, after U.S. Vice President JD Vance contacted the secretary of the Iranian Supreme National Security Council in a bid to restart peace talks. At the time of writing, Brent crude was trading at $114.14 per barrel, and West Texas Intermediate was trading at $101.45 per barrel
TotalEnergies SE said Wednesday it had executed a swap transaction with Chevron Corp that gives the French company a 25 percent stake in 26 leases operated by its United States rival in the Gulf of America.
Curious Minds Corner
What is the “oil window”?
The range of temperature and burial conditions in which kerogen primarily generates liquid hydrocarbons.