Oil Loadings Suspended at Saudi’s Red Sea Port of Yanbu, Shipping Sources Say

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(Reuters) – Oil loadings at Saudi Arabia’s Red Sea port of Yanbu have been suspended, days after the world’s biggest crude exporter closed its East-West pipeline due to an attack by Yemen’s Iran-aligned Houthis, shipping industry sources said on Tuesday. Saudi Aramco, which has increased use of the Yanbu terminal since the U.S. war with …

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Trump’s Ukraine Energy Truce Won’t Fix Global Diesel Crunch: Bousso

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(Reuters) – An energy infrastructure truce that U.S. President Donald Trump brokered between Russia and Ukraine could reduce one of the biggest immediate threats facing the global diesel market. But it is unlikely to reverse the severe supply crunch that has emerged this year. On Monday, the Republican president said Ukraine and Russia had agreed …

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Hormuz Crisis Will End Soon, Oman LNG Chief Exec Says

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(Reuters) – The crisis around the Strait of Hormuz will end soon, the chief executive of Oman LNG said on Tuesday. The Hormuz crisis will not change the company’s long term plans, Hamed Al Naamany told an industry forum in Bangkok. “We have already been planning to produce more, we’ve been working on it for …

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Carney Pitches Canada as the G7’s Best Place to Invest, Targets $1 Trillion Over Five Years: “We’re Just Getting Started” – Speech Highlights Here

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EnergyNow Media Prime Minister Mark Carney used his keynote address at the Canada Investment Summit in Toronto on Tuesday to declare that Canada intends to become the most attractive investment destination in the G7. Carney set an ambitious national target: attracting and catalyzing $1 trillion in investment over the next five years across energy, transportation, …

Carney Pitches Canada as the G7’s Best Place to Invest, Targets $1 Trillion Over Five Years: “We’re Just Getting Started” – Speech Highlights Here Read More »

Oil Pipe Bypassing Hormuz to Reopen ‘Soon,’ US Energy Chief Says

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By Ari Natter and Annmarie Hordern A critical Saudi oil pipeline should be back online “soon” following it’s closure late last week after coming under attack, Energy Secretary Chris Wright said Monday. “I think you’ll see that pipeline running back soon,” Wright said in an interview on Bloomberg Television. They’ve been very carefully assessing what …

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Energy Bills Forecast to Jump 25%, Bloomberg Analysis Finds

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By Eamon Farhat UK household energy bills are poised to jump by about 25% in January amid sharpened tensions in the Middle East, according to a Bloomberg Economics forecast that threatens to upend Prime Minister Andy Burnham’s drive to bear down on the cost of living. The regulator Ofgem will use energy futures prices observed …

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US Data Centers Set to Burn More Natural Gas Than Most Nations

Artificial Intelligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Julian Hast Data centers in the United States will consume more natural gas than most countries within a decade, according to a new outlook from BloombergNEF. Gas consumption to produce electricity for data centers is expected to grow by 15 billion cubic feet per day in the ten years to 2035, even accounting for …

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Carlyle Backs Deal to Buy Oil Firm Parallax in Latest Push Into Canada

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

By Iain Boekhoff American private equity firm Carlyle Group Inc. is backing a deal for an oil and gas company in Canada, its second major investment into the country’s oil sector in the last year. A newly formed company, Avenrock Energy Inc., will acquire privately held Parallax Energy Operating Inc., Carlyle announced Monday in a …

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ADNOC Trading Buys Millions of Barrels of Iraqi Crude, Sources Say

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By Nidhi Verma and Ahmed Rasheed ADNOC trading arm buys Iraqi crude at discounts, sources say ADNOC agrees to buy 72 million barrels for Aug-Sept, source says Other companies also buy crude from Iraq NEW DELHI/BAGHDAD, Sept 15 (Reuters) – Abu Dhabi National Oil Co (ADNOC) has bought millions of ​barrels of discounted crude from …

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LNG Demand in China, India and Pakistan Expected to Rebound After US-Iran War Ends

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By Florence Tan and Emily Chow LNG spot price surge hits demand in India, GAIL says GAIL, PetroChina traders seek alternatives to Mideast LNG Chinese, Indian LNG demand to rebound once prices cool, GAIL and PetroChina expect Exxon is ‘extremely bullish’ on long-term LNG growth prospects BANGKOK, Sept 15 (Reuters) – LNG demand from China, …

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