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Yemen’s Houthis Ready to Join Iran War if Needed, Raising New Shipping Risk

CDN and International News, Latest / By

By Mohammed Ghobari and Emma Farge Houthis have track record of disrupting international shipping Iran-aligned group ready should need arise to join war, leader says Bab al-Mandab is a key choke point (Reuters) – Yemen’s Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands …

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Europe Scales Back Climate Goals to Ease Iran War Energy Shock: Bousso

CDN and International News, Energy Topics & Technology, Environment, Latest / By

(Reuters) – The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices – with lasting consequences for the bloc’s energy strategy. The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on …

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Barclays Sees 13–14 Million bpd Oil Supply Loss From Prolonged Hormuz Disruption

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

(Reuters) – Barclays said on Thursday that a prolonged closure of the Strait of Hormuz would likely lead to a 13-14 million barrels per day supply loss, noting that while the scale of the disruption is immense, so is the uncertainty around its duration. Exports from Yanbu and Fujairah have picked up in recent weeks …

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Iran Oil Shock Sets US Treasury Seismograph Twitching: Mike Dolan

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

By Mike Dolan (Reuters) – The Iran oil shock has upended rate forecasts and roiled U.S. Treasury markets – driving volatility to its highest in nearly a year and forcing selling that is taking a serious toll on liquidity. The risk is that the tremors spread further. One of the key attractions of the U.S. …

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ADNOC CEO Calls Any Iran Curbs on Hormuz Passage ‘Economic Terrorism’

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(Reuters) – Abu Dhabi state oil company ADNOC’s CEO Sultan Al Jaber described any restriction of passage through the Strait of Hormuz by Iran as “economic terrorism”. “When Iran holds Hormuz hostage, every nation pays the ransom, at the gas pump, at the grocery store, at the pharmacy,” Al Jaber said in a speech in …

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Freeport CEO Says Iran War Energy Disruptions Could Delay New US LNG Projects

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Supply disruptions linked to the U.S.-Israeli war on Iran could delay construction of liquefied natural gas projects slated for development in the U.S., Freeport LNG CEO Michael Smith said on Wednesday at the CERAWeek energy conference in Houston. The U.S. is the world’s largest LNG exporter and has more new capacity under construction …

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US Tracking Closely How to Get Oil Tankers Through Strait of Hormuz, White House Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – White House press secretary Karoline Leavitt on Wednesday said the United States is tracking “very closely” how to get oil tankers through the Strait of Hormuz. “As far as tankers through the Strait, it’s something we’re tracking very closely,” Leavitt told reporters about the key shipping lane near Iran. However, the press secretary …

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Iran Threatens Attack on Regional Country if Iranian Island Occupied

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(Reuters) – Iran’s parliament speaker, Mohammad Baqer Qalibaf, said on Wednesday that intelligence suggests “enemies” are planning to occupy an Iranian island with support from a regional country which he did not name. “Iranian forces are monitoring enemy movements and if they take any step, we will attack vital infrastructure in that regional country in …

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Venezuela Oil Production Has Reached 1.1 mln bpd in March

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

(Reuters) – Venezuela’s oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd, the presentation, shared by acting President Delcy Rodriguez during a virtual …

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Here’s a List of Gulf Energy Infrastructure Damaged in Iran War

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

By Dylan Griffiths Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates on March 14. Photographer: Altaf Qadri/AP Photo Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, with the Iran war now well into its fourth week. …

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