Dallas Fed survey shows first quarter oil activity is up
Activity in?U.S. The Federal Reserve Bank of Dallas released a report on Wednesday that showed the oil and gas industry in Texas, Louisiana, and New Mexico, the three 'key producing states,' increased during the first quarter of the year 2026, although production was stable.
India Buys First Iraian LPG Since US Removes Sanctions
India has bought its first cargo of Iranian liquefied petroleum gas in years after the U.S. temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned energy…
Oil Prices Fall 4% as US Proposes Iran Peace Plan
Oil prices slid about 4% on Wednesday on reports that the U.S. had sent Iran a 15-point proposal aimed at ending the war, prompting talk of progress toward a ceasefire.Brent futures fell 3.96, or 3.8%, to $100.53 a barrel at 10:41 a.m. EDT (1441 GMT), while U.S.
SLB extends Nvidia's partnership with energy sector to develop AI infrastructure
SLB, an oilfield services company, announced on Wednesday that it would expand its partnership with Nvidia to develop artificial intelligence models and infrastructure for the energy industry. The agreement builds on the partnership between the two companies, which began in 2008.
Sources say that India has bought its first cargo of Iran LPG in many years since US sanctions have been eased.
LSG trade flows, along with three industry sources, reported that India had 'purchased its first cargo' of Iranian liquefied petroleum gas after years. The U.S. temporarily lifted sanctions on Tehran’s refined fuels and oil.
Germany announces climate plan for reducing emissions and fossil fuels
Germany announced plans to help it achieve its 2030 climate targets and reduce dependence on volatile fossil fuel imports. It has made 8 billion euros (9.28 billion dollars) available for the implementation of these measures.
Palm oil hits a two-week low due to weaker Dalian crude oil and Mideast uncertainty
Malaysian palm futures fell to their lowest level in two weeks Wednesday. This was due to lower crude oil prices, a decline in Dalian oil, and uncertainty over the prospects of de-escalation of the Middle East conflict. The benchmark…
Prices of EUROPE GAS fall amid tentative market expectations for an end to the Iran war
Dutch and British benchmark gas prices fell early on Wednesday to their lowest level in nearly two weeks, following news of the U.S. initiative to negotiate an end to the war with Iran which has stopped around a fifth?of global oil and natural gas supplies.
Gas companies claim that Japan's demand for gas could fall if the war in Iran affects plastics supplies.
Gas company chiefs warned on Wednesday that Japan's gas consumption could fall if the war on Iran continues. Osaka Gas provides?gas? to factories. If these plants are forced into a production cutback due to a shortage of materials…
Japan's Nikkei soared as Trump claimed US negotiations ended the Iran war
The Nikkei share average in Japan rose by the most since a week on Wednesday. This was backed up by cautious optimism about the Middle East crisis moving 'towards a possible settlement? after recent volatility. The Nikkei Index benchmark rose by 2.87%, closing at 53,749.62.
Mike Dolan: The ROI-Gulf War rattles the petrodollar Foundations
No matter what the outcome of this war is, the question for the Gulf's oil-rich economies will remain: "Is the U.S. umbrella worth the cost?" Since U.S., Israel and other countries launched attacks on Iran, on February 28, the…
Palm oil falls on weaker Dalian crude oil amid Mideast uncertainties
Malaysian palm oil futures dropped more than 1% Wednesday due to lower crude oil prices, declines in Dalian oils, and uncertainty about prospects of a easing in tensions in the Middle East. By midday, the benchmark palm oil contract…
China's coal-chemicals sector reaps the benefits as Iran war crushes its petrochemical rivals
China's coal-to-chemicals stock has risen by up to 30% since the Iran War began, as the industry?capitalizes on its ability to?turn domestic coal into petroleum and?other chemicals without relying upon shipments through Strait of Hormuz.
Arafura Australia says South Korea and Germany are exposed to a rare earths shortage.
The United States, Japan and Australia are locking down rare earths supply, leaving industrial giants Germany and South Korea vulnerable, according to the CEO of Australia’s Arafura Rare Earths. This company is currently negotiating final agreements for supply. The U.S.
Japan's Nikkei soars on optimism about Iran peace plan
The Nikkei average rose by a little over 3% on Wednesday. This was due to cautious optimism that the Middle East Crisis could be moving toward a possible settlement following recent volatility. The Nikkei 225 Index, the benchmark index, grew by 2.93% to reach 53784.43.
Equinor CEO: EU unlikely to increase Russian Gas Imports
Anders Opedal CEO of Norway's Equinor said on Tuesday that the European Union is unlikely to increase Russian gas imports in order to offset Middle East supply disruption as long as Russia's 'war' with Ukraine continues. In an…
Goldman Sachs warns that a shortage of fertilizers due to the Hormuz could increase grain prices.
Goldman?Sachs stated in a report published on Tuesday that disruptions to the nitrogen fertilizer supply via the Strait?of Hormuz may reduce global grain yields?and change planting decisions. This could lead to a rise in grain prices.
US shale companies unlikely to drill $100 per barrel unless prices remain high, executives claim
Shale executives?said that oil prices above $100 a barrelle would 'not trigger a meaningful increase in production in the U.S. unless the price remained high for a period of more than a year, at the CERAWeek conference?in Houston.
India orders the strengthening of its natural gas infrastructure amid shortages
India issued an order Tuesday to address obstacles in building and expanding its natural?gas?infrastructure, as it aims to 'diversify' its fuel supply in the face of disruptions on global energy markets due to the U.S./Israeli war against Iran.
Industry executives warn that the global energy crisis is worsening; attempts to plug the supply gap are not enough.
Executives and oil ministers reaffirmed that the global energy crisis has worsened as emergency measures by governments around the world have failed to plug the huge shortfall of oil and gas caused by the U.S. and Israeli?war against Iran.