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India’s Reliance Buys 5 Million Barrels of Iranian Oil After US Waiver, Sources Say

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

  (Reuters) – India’s Reliance Industries, operator of the world’s biggest refining complex, has purchased 5 million ​barrels of Iranian crude, days after the U.S. temporarily removed sanctions on ‌the oil, three sources familiar with the matter said on Tuesday. The Indian refiner bought the oil from the National Iranian Oil Co., two of the sources …

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OIL RISES as Supply Disruption Persists and Iran Denies US Talks

Latest, Oil, Tri-Pinned, US News / By

Summary Trump says US, Iran have ‘major points of agreement’ Iran rejects claim of contact with Washington Macquarie says Brent could hit $150 if Hormuz shut through April (Reuters) – Oil rose on Tuesday as the world’s ‌biggest supply disruption persisted and as Iran denied it had talks with the U.S. to end the war in the …

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Oil Execs Warn of Long-Term Damage From Iran War as US Downplays Crisis

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Some of the world’s top oil executives and energy ministers in Houston on Monday expressed growing concern over the long-term effects of the U.S.-Israel war with Iran on the global economy, while the U.S. Energy Secretary Chris Wright downplayed the crisis. The war has caused one of the biggest disruptions to energy supplies …

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Iran War Disruption Beyond 3-4 Months Poses Systemic Risk to Global Economy, Total CEO Says

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

(Reuters) – A disruption to global energy supplies from the U.S.-Israeli war on Iran lasting beyond three to four months would pose a systemic risk to the global economy, TotalEnergies CEO Patrick Pouyanne said on Monday. The disruption to global fuel supplies is worse than the disruption to crude oil supplies because it has been …

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Canada’s Pipeline Plan Attracts Middle Eastern, Asian Interest, Alberta Premier Says

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

By Amanda Stephenson Middle Eastern, Asian investors show interest in Canadian pipeline Alberta to submit pipeline proposal for federal fast-tracking in June Regulatory hurdles and carbon pricing policy impact pipeline feasibility HOUSTON, March 23 (Reuters) – Middle Eastern and Asian investors have expressed early-stage interest ​in a potential new crude oil pipeline in Canada and …

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US Energy Chief Tells CNBC a Further SPR Oil Release is Unlikely

Conventional Energy, Latest, Oil, US News / By

WASHINGTON, March 23 (Reuters) – The United States is “highly unlikely” to release more oil from its Strategic ​Petroleum Reserve to calm energy markets during ‌the war with Iran, U.S. Energy Secretary Chris Wright told CNBC on Monday. The U.S. was looking at a variety of other ​levers to try to bring down prices, he …

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Mideast Situation Shows Need for Energy Diversification, Says Cheniere CEO

Latest, US News / By

By Curtis Williams Jack Fusco, President and CEO of Cheniere Energy during the CERAWeek energy conference in Houston, Texas, U.S., March 7, 2023. HOUSTON, March 23 (Reuters) – The situation in the Middle East shows ​the need for diversity in energy supplies, ‌Jack Fusco, CEO of Cheniere Energy (LNG.N), the nation’s largest U.S. liquefied natural …

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Gas Tankers Sail Through Hormuz to India, Most Ships Still Stuck, Data Shows

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

(Reuters) – Two tankers bound for India sailed through the Strait of Hormuz on Monday carrying liquefied petroleum gas (LPG) loaded in the United Arab Emirates and Kuwait, although overall traffic through the critical waterway remained blocked. Hundreds of vessels and some 20,000 seafarers have remained stranded inside the Gulf since Tehran threatened to ​attack …

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US Needs More Energy Development to Power AI, Google President Says

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – The U.S. may not be scaling electricity fast enough for the expansion of artificial intelligence, Google’s President and Chief Investment Officer Ruth Porat said on Monday, speaking about the vast amounts of power needed to scale the company’s AI data centers. “We are concerned that we are not full throttle on energy,” she …

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Chevron CEO Says it Will Take Time for Energy to Recover From Middle East Production Hit

Conventional Energy, Latest, LNG, Oil, US News / By

(Reuters) – Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing U.S.-Israel war with Iran will return. “It will take time to come out of this,” Wirth said on Monday at the CERAWeek conference in Houston. Tightness in the energy market due to the …

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