Iran says deal on Strait of Hormuz is close but will not open the waterway by itself Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another …
Iran Says Deal on Strait of Hormuz is Close But Will Not Open the Waterway by Itself Read More »
Summary Brent heads for weekly loss of more than 8% Cargo vessels could face fees under Iran draft plan Drone attacks reduce July CPC oil loadings by a fifth, sources say (Reuters) – Brent crude oil climbed more than $1 a barrel on Friday over ongoing uncertainty about the negotiations in progress that determine control …
(Reuters) – The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, accusing Tehran of “acts of piracy”. State news agency WAM initially reported ADNOC as saying one of its vessels had been …
UAE Says Iran Attacked ADNOC Vessel With Missile in Strait of Hormuz Read More »
By Nora Buli OSLO, Aug 7 (Reuters) – Norway’s government on Friday presented plans to cut red tape and shorten processing of applications to build new onshore wind power plants and transmission lines, amid concerns that a slow buildout in recent years could curb economic activity. The Labour Party government aims to cut in half …
Norway Will Speed Up Onshore Wind Power Developments, Government Says Read More »
By Laila Kearney Texas’ data center approval pause leaves deposits at risk without timeline for grid approvals Projects had to post $50,000 per megawatt in security to enter Batch Zero Draft September rule could increase nonrefundable deposit share to 80% from 20%, interviews show NEW YORK, Aug 7 (Reuters) – After putting up tens of …
(Reuters) – Progress is being made between Iran and Oman on the Strait of Hormuz and “we expect a deal soon,” a U.S. official told Reuters on Friday. Once a deal is announced to restore commercial shipping without impediments, the United States will lift its blockade of Iranian ports, the official said. “There is progress …
US Official: We Expect a Deal Soon Between Iran and Oman on Strait of Hormuz Read More »
(Reuters) – The U.S. Senate easily passed sweeping Russia sanctions legislation on Friday, advancing a long-delayed measure backed by the late Senator Lindsey Graham and setting the stage for consideration by the House of Representatives as soon as next month. Graham, a South Carolina Republican, was among Kyiv’s most outspoken allies in Congress in its …
US Senate Passes Sweeping Russia Energy Sanctions, Next Stop US House Read More »
(Reuters) – U.S. energy firms left the overall rig count unchanged in the latest week, energy services firm Baker Hughes said in its closely followed report on Friday. The total oil and gas rig count, an early indicator of future output, held at 588 in the week to August 7 from the previous week. Baker …
US Energy Firms Leave Rig Count Unchanged in Latest Week, Baker Hughes Says Read More »
(Reuters) – U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would continue to prioritize debt-reduction efforts. Speaking on a post-earnings conference call, Chief Financial Officer Sunil Mathew said the company expects the starting point for capital spending to be $5.9 billion in 2027, …
Occidental Sees Flat Spending, Output in 2027, Keeps Focus on Debt Reduction Read More »
By Nathan Risser US imports of Saudi Arabian oil dropped to zero in July, the first time that’s happened for an entire month since 1985, according to preliminary government data. Saudi oil exports have been disrupted for months as the US-Iran conflict all but shut down Persian Gulf crude flows. Last month, US-bound shipments of …
Saudi Crude Shipments to US Plunge to Zero as Oil Refiners Pivot Read More »
