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Trump Weighs Easing Russia Sanctions, Other Measures to Cool Oil Prices

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

By Jarrett Renshaw Trump weighs steps to ease oil prices Options include Russia sanctions relief, G7 oil reserve release Strait of Hormuz disruptions limit immediate impact March 9 (Reuters) – U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at …

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US Considering Selling Oil From Strategic Reserve, US Energy Chief Says

Conventional Energy, Latest, Oil, US News / By

By Liz Hampton PLATTEVILLE, Colorado, March 9 (Reuters) – The U.S. is considering coordinating ​sales of oil from the U.S. Strategic Petroleum Reserve with ‌releases from other countries as prices soar during the war on Iran, Energy Secretary Chris Wright said on Monday. Wright also said the U.S. has “some other options” on allowing ​more …

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Back to the 1970s? Investors Brace for a Return of Stagflation

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to global energy supplies sent inflation surging, and battered growth “The risk of a 1970s scenario is rising,” said Kaspar Hense, portfolio manager at RBC BlueBay …

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Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official

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

(Reuters) – There was broad agreement among the Group of Seven finance ministers on Monday not to release strategic oil reserves just yet, a G7 official said. G7 finance ministers held a teleconference earlier on Monday to discuss a response to the overnight surge in oil prices caused by the U.S.-Israeli war on Iran. They …

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Trump Reviews Options to Curb Energy Prices as Iran Strikes Roil Markets

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have spiked to more than $100 a barrel due to the Iran war, according to two people familiar with the matter. The effort reflects White House worries that the surge in oil …

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Putin Says the Energy Crisis Has Arrived, Russia Ready to Work With Europe

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

(Reuters) – Russian President Vladimir Putin said on Monday that the Iran war had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a complete halt. Putin, though, signalled again that Russia was ready to supply oil and gas to Europe. Russia …

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Qatar Said to Push LNG Expansion to 2027 After Iran Drone Attack

Conventional Energy, Latest, LNG, US News / By

By Salma El Wardany and Stephen Stapczynski QatarEnergy is pushing back the start of a major liquefied natural gas expansion project to at least 2027 after a drone attack last week that forced the unprecedented closure of its Ras Laffan plant. Production from the North Field East facility will now target its first export early …

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COMMENTARY: Tracking LNG Flows as Key Global Gas Prices Go Haywire

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By Gavin Maguire LITTLETON, Colorado, March 9 (Reuters) – The sudden stoppage of LNG exports from Qatar – the world’s second-largest exporter in 2025 – has sent natural gas prices soaring by 50% from year-ago levels across Europe and Asia and has prompted panicked buyers to seek out replacement cargoes. However, a shortage of available …

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How Much Oil Do G7 Countries Hold in Emergency Reserves?

CDN and International News, Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil / By

By America Hernandez PARIS, March 9 (Reuters) – The Group of Seven countries are considering releasing emergency oil stocks to address the Middle Eastern supply crisis, the International Energy Agency said on Monday, as oil prices surged to as high as almost $120 ​per barrel. IEA member countries that are net oil importers are required …

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