Venture Global talks about settling arbitration cases with Energy Companies
Venture Global has begun discussions with energy companies to settle pending arbitration claims against the company for failing to provide?LNG? from its Calcasieu Pass facilities in a timely fashion, said CEO Mike Sabel on Monday…
ADNOC CEO: Rise in oil price slows global economic growth
According to the CEO of UAE's state-owned energy giant ADNOC, on Monday, the?rise in?oil?prices has slowed economic?growth?everywhere. He said that "energy?security" is more than a slogan. It's the difference between lights on and off. The U.S.
Prices for gas in Europe fall after Trump delays strikes against Iran power plants
The European benchmark contract for gas fell sharply Monday after U.S. President Donald Trump announced he would delay strikes on Iranian energy infrastructure and power plants, saying that a deal could be reached with Iran "within five days or sooner".
US energy and interior secretaries met executives amid market turmoil
Energy executives gathered in Houston on Sunday to discuss everything from increasing domestic oil production to Venezuelan opportunities. This was during the worst global supply disruption due to the U.S. and Israeli war against Iran.
Andy Home: Every missile fired against Iran burns through US tungsten stock
Israel and the U.S. have used thousands munitions in their air campaign to combat Iran. The majority, if they don't all, of these munitions contain tungsten, which is a super-hard material that allows missiles to penetrate armour and underground bunkers.
China reduces fuel prices to cushion the impact of rising oil costs
China took measures to cushion the impact of fuel price increases on Monday, increasing the retail gas and diesel ceiling prices but keeping the increase to half the amount that would be charged under the government pricing mechanism. The price adjustments prompted by the U.S.
UAE's ADNOC Gas adjusts LNG production in response to the shipping disruption
ADNOC's gas subsidiary, the state-owned oil company of Abu Dhabi, announced on Monday that it had temporarily adjusted its production of liquefied natural gas and export traded liquids in response to the ongoing shipping disruptions in Strait of Hormuz. The U.S.
EUROPE GAS - European prices are rising due to Middle East energy war fears
Dutch and British Gas Contracts rose on Monday morning and are likely to face another volatile trading session, as the Middle East war risks escalating strikes against energy infrastructure. The reopening of Strait of Hormuz is still a long way off.
Salzgitter CEO: Germany's Salzgitter has at least 50% of its gas hedged as the Iran war continues.
Salzgitter's CEO said that the company had hedged against rising gas prices. The group has locked in over 50% of its costs for this year and the next, as the Middle East conflict continues to have a ripple effect on the energy markets.
UAE shares fall on Iran's warning of retaliation against Gulf water and energy infrastructure
The stock markets of the United Arab Emirates fell on Monday, 'after Iran warned that it would attack energy and water infrastructure in the Gulf region if U.S. president Donald 'Trump followed through with a threat to attack its electricity grid.
Andy Home: Every missile fired against Iran burns through US tungsten stock
Israel and the U.S. have used thousands of munition in their air campaign to combat Iran. The majority, if not all, of these munitions contain tungsten, which is a super-hard material that allows missiles penetrate armour and underground bunkers.
US energy and interior secretaries met executives amid market turmoil
Energy executives from the United States and Venezuela met with U.S. Energy Sec. Chris Wright, Interior Sec. Doug Burgum on Sunday in Houston to discuss everything from increasing domestic oil production?to Venezuelan opportunities.
Iran threatens to retaliate after Trump's ultimatum against Gulf water and energy
Iran has warned that it will strike water and energy infrastructure in the Gulf region if U.S. president Donald Trump follows through with his threat to "attack" its electricity grid. This is raising fears about a massive disruption…
After US sanctions are lifted, refiners in India and other parts of Asia will buy Iranian oil.
Indian refiners are planning to resume purchasing Iranian?oil, while refiners in other parts of Asia are examining the possibility after Washington temporarily lifted sanctions?to 'alleviate a severe energy shortage caused by U.S. and Israeli war against Iran.
Ukraine, US teams conclude talks, new POW exchange possible, Zelenskiy says
On Sunday, Volodymyr Zelenskiy announced that the Ukrainian and U.S. delegations had concluded their'second day' of talks on ways to end a four-year war with Russia. The talks that began in Florida on Sunday were without Russian participants.
Zelenskiy calls on allies to continue pressure on Russia before talks with US
The Ukrainian president Volodymyr Zelenskiy urged his allies on Sunday to continue to exert sanctions and pressure on Russia. This comes ahead of the'second day' of talks between Ukrainian?and U.S.?delegations to discuss ways…
CERAWeek, the energy conference in Houston, returns as Iran's conflict shakes global energy markets
Next week, the world's top energy executives? will return to Houston as the escalating U.S. - Israeli war on Iran has turned into a nightmare for global energy markets. Unprecedented attacks?on infrastructure? and shipping disruptions…
Energy Minister: Australia's fuel supply is strong and there are no plans to ration it
Chris Bowen, Australia's Energy Minister, said that the country's fuel supply is strong and there are no immediate plans to restrict fuel to deal with the Iran 'war'' impact on its'supply chain'. As the U.S./Israeli conflict escalates, Australia has seen localised fuel shortages.
Egypt has announced that it will pay arrears of $1.3 billion to oil companies in June
The petroleum ministry announced on Saturday that Egypt would pay $1.3 billion in arrears owed to international oil companies by June. This is a significant acceleration of the previous timetable. Egypt had accumulated arrears…
Oil Prices Drop 8% Ahead of Possible Middle East Peace Talks
Oil prices dropped about 8% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days and cited constructive talks to resolve hostilities in the Middle East…