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China’s Economic Hand Quietly Strengthens as Trump Hogs Spotlight: McGeever

Latest, US News / By

By Jamie McGeever (Reuters) – With much of the world’s focus this year fixed on U.S. President Donald Trump’s controversial foreign policy agenda, many may have missed China’s quiet – but significant – economic renaissance. The U.S. president was originally scheduled to meet China’s President Xi Jinping for a summit in Beijing on March 31-April …

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Oil Tankers ‘Starting to Dribble Through’ Strait of Hormuz, Says White House

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s position that the war should be over in weeks, not months. “Already you’re seeing tankers …

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Asia Pivots to Coal as Middle East Conflict Chokes LNG Supply

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

(Reuters) – Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in …

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Iran War Spurs a Surge in Stock Sales From US Shale Companies

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

By Anthony Hughes Oil drilling rigs near Stanton, Texas. Photographer: Justin Hamel/Bloomberg Stock sales by US-listed oil and gas producers are making March the sector’s busiest month in more than six years as the war in Iran whips up volatility and stalls capital-raising activity from other corners of the market. With West Texas Intermediate crude …

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How the Iran War Is Disrupting Global Oil and Gas Supply

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

By Paul Burkhardt, Julian Lee, Anthony Di Paola, and Elena Mazneva The Ras Tanura oil refinery and oil terminal in Saudi Arabia Photographer: Simon Dawson/Bloomberg Oil and gas markets have been rocked by disruption to supply out of the Persian Gulf. Prices of both commodities have jumped since the US and Israel began their strikes …

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US Natural Gas Rallies With Oil on Lingering Mideast Fears

Conventional Energy, Energy Topics & Technology, Finance, Forecasts, Latest, Natural Gas, US News / By

By Julian Hast Fort St. Vrain Generating Station in Platteville, Colorado. Photographer: Chet Strange/Bloomberg US natural gas futures rose along with oil, which continues to climb on concerns over a prolonged disruption to energy supplies through the Strait of Hormuz. Those worries, which do not fundamentally affect the short-term US gas market, outweighed a small …

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LG to Supply Tesla With US$4.3 Billion of Batteries

Batteries, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

LG confirmed the deal after it was mentioned in a U.S. Department of the Interior statement By Hyonhee Shin An LG Energy Solution Co. battery cell for electric vehicle displayed at the InterBattery exhibition in Seoul, South Korea, on March 17, 2022. Photo by SeongJoon Cho/Bloomberg LG Energy Solution Ltd. said it will produce US$4.3 …

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COMMENTARY: Iran’s $200 Oil Threat Isn’t That Far-Fetched

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

By Ron Bousso LONDON, March 17 (Reuters) – Iran’s threat to send oil prices to $200 a barrel may sound like bombast, but as the energy crisis drags on, that outcome looks more likely than U.S. President Donald Trump’s prediction that prices will soon fall back to pre-war levels. Now in its third week, the …

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Middle East Oil Becomes Most Expensive in the World as War Cuts Supply

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

By Florence Tan, Siyi Liu and Nidhi Verma Platts Dubai crude price hit record $157.66/bbl, surpass Brent’s 2008 high Dubai’s premium jumps to $60.82/bbl; Oman’s premium near $56 Record premiums stall trade, prices distorted, traders say SINGAPORE/NEW DELHI, March 16 (Reuters) – Middle East crude oil benchmarks soared to all-time ​highs, becoming the most expensive …

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