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Prolonged Iran Crisis to Push Buyers to Non-Mideast Supply, JERA Executive Says

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

(Reuters) – A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle East suppliers such as the U.S. and Canada, said a senior executive at Japan’s biggest power generator JERA, as the conflict spreads to energy infrastructure across the region. “With 90 million metric tons from the Middle East absent from the global LNG …

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Iran Targets Energy Facilities Across Gulf After Israel Struck its Key Gas Installations

CDN and International News, Latest, LNG, Oil / By

Summary Iranian missile attacks cause extensive damage to Qatar’s LNG facilities Trump warns of massive response if Iran attacks Qatari LNG again Fires after drone attacks target Kuwait’s Mina al-Ahmadi, Mina Abdullah refineries Drone falls in Aramco-Exxon SAMREF refinery, missile towards Yanbu intercepted UAE shuts gas facilities after intercepting missiles, no injuries reported (Reuters) – …

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Core Differences Between West Texas Intermediate (WTI) and Brent Crude and the Affect of the Iran War

CDN and International News, Latest, Oil / By

  Understanding the relationship between West Texas Intermediate (WTI) and Brent Crude is essential for navigating energy markets. These two benchmarks represent different regions, qualities, and logistical realities, and their price difference—the Brent-WTI spread—serves as a vital indicator of global energy health. Core Differences Between WTI and Brent Geographic Origin: WTI: Primarily sourced from U.S. fields …

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Trump Administration Alaska Lease Sale Attracts $163 Million From Major Oil and Gas Players

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

  The U.S. government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska’s National Petroleum Reserve, attracting $163 million in winning bids from industry players including ExxonMobil, ConocoPhillips, Repsol and Shell. The sale appeared to show pent-up demand from drillers for acreage in the reserve after more than six years without …

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QatarEnergy Reports ‘Extensive Damage’ After Missile Attacks on Ras Laffan

CDN and International News, Conventional Energy, Latest, LNG / By

By Yomna Ehab and Jaidaa Taha March 18 (Reuters) – Qatar’s state oil giant QatarEnergy said ‌on Wednesday that Iranian missile attacks on Ras Laffan, the site of the country’s core LNG processing operations, caused “extensive damage.” “Emergency response teams were deployed immediately to contain ​the resulting fires,” the world’s second-largest LNG exporter said ​in …

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Vance to Meet With Oil Trade Group, Acknowledges ‘Rough Road Ahead’ on Gas Prices

Conventional Energy, Latest, Natural Gas, US News / By

By Bo Erickson and Jarrett Renshaw WASHINGTON, March 18 (Reuters) – U.S. Vice President JD Vance and Energy Secretary Chris Wright will meet ​on Thursday with the American Petroleum Institute, the nation’s largest oil trade group, as ‌the Trump administration looks to ease rising gas prices. In the third week of the Iran war, Vance …

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US Oil Exports Seen Rising as WTI Discount to Brent Hits Widest in 11 Years

Conventional Energy, Latest, Oil, US News / By

By Georgina Mccartney and Siddharth Cavale U.S.-Israeli war on Iran disrupts Middle East oil supply Brent gains outpace WTI due to Mideast infrastructure attacks US to release172 million barrels to tame prices, pressuring WTI HOUSTON/New York, March 18 (Reuters) – The discount for U.S. crude futures versus Brent on Wednesday hit ​the widest in 11 …

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Iran Hits Qatar Energy Hub, Targets Saudi Arabia, After Huge Gas Field Struck

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

By Parisa Hafezi, Rami Ayyub and Maya Gebeily Pars is Iran’s sector of the world’s largest gas deposit, shared with Qatar Qatar says energy-industry hub hit US spy chief says Iran degraded, but intact and able to attack Iran confirms killing of Iranian intelligence minister Tehran strikes Israel after killing of security chief Larijani Israel …

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Oil Extends Gains to Rise 5.6% After Iran Attacks Gulf Energy Facilities

Conventional Energy, Latest, Oil, US News / By

By Siddharth Cavale Oil exports from Iraq and Libya resume Wednesday amid security, economic challenges Qatar , Saudi Arabia hit by missile attacks from Iran Brent, WTI futures extend gains in post-settlement trade NEW YORK, March 18 (Reuters) – Oil prices settled higher on Wednesday and climbed further in extended trade after Iran attacked several …

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Saudi Arabia’s January Crude Exports Rose, Output Highest Since 2023, JODI Says

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Saudi Arabia’s crude exports in January rose to 6.993 million barrels per day from 6.988 million bpd in December while crude output hit its highest since April 2023, data from the Joint Organizations Data Initiative (JODI) showed on Wednesday. The world’s largest oil exporter, Saudi Arabia currently faces trouble exporting as war in …

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