The Iranian war has prompted LNG buyers and suppliers to seek greater diversity in their supply.
As the US-Israeli war against Iran reduces Gulf shipments, LNG buyers are looking for 'alternatives' to the fuel. These suppliers range from West Africa to Indonesia. During last week's Gastech Conference…
Shell and Equinor warn that the shock absorbers in the energy market are weakening.
Shell and Equinor executives said that the Middle East disruptions are causing a?lengthening period of tight supply and volatility in the global energy market. The attacks on oil "tankers" in the Middle East…
Shell, Equinor Warn Energy Market is Struggling to Offset Disruptions
Global energy markets face a lengthening period of tight supply and price volatility as the industry's ability to offset disruptions from the Middle East is dwindling, senior executives from Shell and Equinor…
Thailand's largest utility will cut spot LNG imports and strike long-term agreements
Electricity Generating Authority of Thailand's (EGAT) governor announced on Tuesday that the EGAT is planning to halve their reliance on'spot LNG purchases', make long-term agreements with a?supplier in the…
The Middle East escalated prices of GLOBAL LNG/-Asia, which led to the highest spot price since Dec-2022.
The Asian spot prices for liquefied gas have reached their highest levels since December '2022. This is due to the escalation in the Middle East conflict, the high European gas price and the strong demand before winter.
SLB and Formentera executives claim that they are working on activating drilling rigs for Venezuela.
SLB, a private equity firm and oil?service provider, is working with?Formentera?Partners to either reactivate or import more oil rigs into Venezuela in the next few months. Blake London, managing partner of energy-focused Formentera…
In his maiden address, the new Colombian president promises a robust fight against crime and fiscal austerity
Abelardo de La 'Espriella, Colombia's right-wing president was sworn into office on Friday. In his inaugural address, he pledged a vigourous fight against drug trafficking as well as austerity measures in order to reestablish confidence in the economy.
MORNING BID AMERICAS - Chips and Ships
Hello Morning Bid readers! It's hard to escape semiconductors and the strait. Asian stocks fell this week, despite the fact that tech giants such as Taiwan's TSMC had reported record numbers. These ructions…
Executive says TotalEnergies will begin drilling in Suriname in the next year
The vice president of exploration for the Americas at TotalEnergies, a French energy producer, said that the company expects to start a new drilling campaign in Suriname next year in order to expand its exploration targets.
McDermott CEO says that McDermott will deliver the expansion project of QatarEnergy on time after conflict.
McDermott International did not stop work on QatarEnergy’s massive North Field East project during the Iran War, said Chief Executive Michael McKelvy on Tuesday. McDermott will install the offshore infrastructure…
Trump's controversial plan to price minerals is met with skepticism from the G7 and a divided industry
According to diplomatic sources, and an analysis of corporate policies, the Trump administration's plan to increase critical?minerals by regulating prices has been met with skepticism from G7 allies, and a divided industry.
El Nino is expected to have its greatest impact in China's autumn.
China's National Climate?Centre stated on Friday that El Nino weather impacts will peak this autumn and winter before fading in spring of next year. Gao Rong told reporters that the sea surface temperatures…
Venezuelan Oil Minister tells Houston Conference that country is open to dispute resolution
The Venezuelan Oil Minister Paula Henao announced on Tuesday that the new framework for hydrocarbons in the country is open to?dispute settlement outside of the country. This was a major wish expressed by…
Spain has said it will actively participate in a potential EU jet-fuel sharing
Sara Aagesen, the Energy Minister of Spain, said that Spain would "actively" participate in any potential plan by the European Union to share jet-fuel stocks. She also stated that joint purchases are an option for Spain at this time. The U.S.
Asia increases US LPG imports in order to replace Middle East LPG supply
Analysts and traders said that Asia's largest liquefied gas (LPG), including India and China are racing to replace Middle East supply disruptions with cargoes coming from the Americas. This is driving spot premiums up to record levels. Since the U.S.
Asia increases US LPG imports in order to replace Middle East LPG supply
Analysts and traders said that Asia's largest liquefied petrol gas (LPG), including India and China are racing to replace Middle East supply disruptions with cargoes coming from the Americas. This is driving spot premiums up to record levels.
Sources say that Addison is retiring as the architect of the US-Venezuela trade deal.
John Addison is Vitol’s top U.S. gas trader. He helped his firm secure a deal this year for the first Venezuelan oil exports following Nicolas Maduro’s capture by U.S. troops. Four sources said on Tuesday…
Iran War threatens to hit global energy markets for a long time
Even if the U.S. and Israel's war against Iran ends soon, consumers and businesses around the world could face weeks or even months of higher fuel costs as suppliers deal with damaged facilities and logistics and increased shipping risks.
The Iran War threatens to have a long-lasting impact on global energy markets
Even if the conflict with Iran ends soon, consumers and businesses could face weeks or even months of higher fuel prices. This is because suppliers are dealing with damaged facilities, disrupted logistic, and increased risks in shipping.
Iran conflict increases U.S. Gulf Oil prices to their highest level since 2020
The price of U.S. Gulf Coast Heavy Grades continued to rise?on Friday, as the Iran Conflict prompted several Middle -Eastern producers to reduce production. This prompted?buyers and?sellers to grab?U.S. barrels.