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Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq.The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel…
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Cuba Reconnects Electrical Grid, Millions Remain Powerless
Cuba has reconnected its electrical grid across much of the island, the Energy and Mines Ministry said early on Tuesday, just hours after U.S. President Donald Trump escalated his rhetoric against the communist-run island, saying he could do anything he wanted with Cuba.Cuba's national electric grid collapsed on Monday…
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Oil Prices Rise As Iranian Attacks on UAE Continue
Oil prices rose more than 1% on Tuesday, as renewed Iranian attacks on the United Arab Emirates heightened concerns about the worsening outlook for global supply if there is no quick resolution to U.S.-Israeli war on Iran, now in its third week.Brent crude futures gained $1.33, or 1.3%, to $101.53 a barrel by 1515 GMT while U.S.
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Saudi Red Sea Oil Exports in March Rise to 3.8 Million bpd
Saudi Arabia's crude oil loadings at its Yanbu port on the Red Sea are set to surge to a record 3.8 million barrels per day (bpd) in March, shipping data showed on Wednesday, after the U.S.-Israeli war on Iran effectively shut exports via the Strait of Hormuz.The kingdom, the world's largest oil exporter…
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Energy Prices Jump After Iran Attacks Qatar LNG Plant
Energy prices surged on Thursday after Iran struck the world’s largest LNG complex, causing damage that Qatar said could take five years to repair, as the energy sector's worst fears about the war launched by the U.S. and Israel on Iran came true.QatarEnergy CEO Saad al-Kaabi told…
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Oil Production Impacts in the Middle East
Most western oil and gas majors have significant operations in the Middle East, where the U.S.-Israeli war on Iran has disrupted…
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Ukraine Looks to Partner With Romania to Develop Black Sea Gas Discovery
Ukraine's Naftogaz, which discovered "substantial" offshore gas reserves in the Black Sea before Russia's invasion, is in…
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Poland Invites Offers for New LNG Terminal Ahead of Investing in Second Regasification Vessel
Polish gas pipeline operator Gaz-System said on Friday it has opened registration for parties interested in booking long…
Latest news
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China Calls for Gulf Conflict to End, Addressing Southeast Asia Energy Shortages
China called for an end to conflict in the Gulf and said the safety of waterways should not be disturbed on Thursday, adding…
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Macquarie Group Expresses Interest in Shell's European Onshore Renewables
Macquarie Group has expressed early interest in bidding for Shell's European onshore renewable energy business, according to people familiar with the
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Qatar Offers LNG Slots for Offloading, Storage, Regasification at Zeebrugge Terminal
QatarEnergy has offered up five slots for unloading, storage and regasification of liquefied natural gas at Belgium's Zeebrugge terminal for the month
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Indian LPG Sales Trickle Due to Hormuz Shipping Disruptions
Indian state fuel retailers' sale of liquefied petroleum gas (LPG) slowed in the first half of March, preliminary data showed, as the country reels fr
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UAE Output of Crude Drops, Strait of Hormuz Closure Forces Shut-Ins
The United Arab Emirates' daily oil output is down by more than half as the Iran conflict and the effective closure of the…
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UN Climate chief: Iran war a'simple lesson' in fossil fuel dependency
The U.N. Climate Secretary will inform EU policymakers that the disruption of energy markets caused by the Iran War is an…
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EU scrambles for energy cost reductions as Iran war hits the markets
Energy ministers from the European Union will meet on Monday to discuss options for reducing 'energy costs. Officials are…
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China crude oil production in January and February was up by 1.9% on an annual basis.
Official data released on Monday showed that China's crude oil output in January and February rose by 1.9% when compared…
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The ruling party of South Korea says that the country will lift its coal cap and increase nuclear production amid the Iran crisis.
South Korea's ruling Democratic Party announced on Monday that the government would lift limitations on coal-fired power…
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Hindalco stops production of aluminium extruded products because of the Iran War, says notice
Hindalco Industries, an Indian company, has halted the production of value-added extruded aluminum due to a gas shortage…
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New Zealand predicts 3.7% inflation if the Iran war continues through the year
New Zealand's Finance Minister Nicola Willis stated on Monday that the country's treasury forecasted an inflation rate of…
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Russell: The war in Iran has a greater impact on refined fuels than crude oil and importers must act.
Media attention is focused on the loss of up to 20% of crude oil and refined fuels due to the continued closure of the Strait of Hormuz.
Shale Oil & Gas
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The ruling party of South Korea says that the country will lift its coal cap and increase nuclear production amid the Iran crisis.
South Korea's ruling Democratic Party announced on Monday that the government would lift limitations on coal-fired power…
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Hindalco stops production of aluminium extruded products because of the Iran War, says notice
Hindalco Industries, an Indian company, has halted the production of value-added extruded aluminum due to a gas shortage…
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New Zealand predicts 3.7% inflation if the Iran war continues through the year
New Zealand's Finance Minister Nicola Willis stated on Monday that the country's treasury forecasted an inflation rate of…
LNG
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Venture Global Able to Support LNG Shortfall as Qatar Pauses Output
Venture Global has the biggest amount of LNG cargoes in the world that are not contracted and is ready to help stabilize…
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Cheniere Raises Share Repurchase Target After Q4 Profit Doubles
Cheniere Energy said its fourth-quarter profit more than doubled on strong liquefied natural gas (LNG) demand and the company…
Renewables
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EU scrambles for energy cost reductions as Iran war hits the markets
Energy ministers from the European Union will meet on Monday to discuss options for reducing 'energy costs. Officials are…
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Fitch confirms Qatar's credit rating and says that the strong LNG push will help to reduce conflict risks
Fitch Ratings confirmed Qatar's long term foreign currency rating as "AA" with a "stable outlook" on Friday. It said that…
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Palm oil gains over 4% on the back of higher crude oil prices
Malaysian palm futures gained on Friday and posted a second week of gains. This was due to a rise in crude oil prices as…