Brent crude rose more than 10 per cent to as high as US$119 a barrel on Thursday By Patrick Sykes and Dana Khraiche U.S. President Donald Trump called on Israel and Iran to stop attacks on energy facilities as the war in the Middle East escalated, with damage to key oil and gas infrastructure triggering …
Trump Demands Halt to Energy Facility Attacks as Prices Soar Read More »
The industry is staring down prolonged disruptions in the Persian Gulf. Emerging economies are already paying the price. By Ruth Liao, Stephen Stapczynski and Priscila Azevedo Rocha Each week the world’s largest liquefied natural gas plant remains shut, the world loses the equivalent of enough energy to power Sydney’s homes for an entire year. Qatar’s …
War in Iran is Reshaping the Global Gas Market for Years to Come Read More »
(Reuters) – The United States issued a new general license on Thursday to replace an earlier waiver for the sale of Russian-origin crude oil and petroleum products loaded on tankers as of March 12, according to the U.S. Treasury Department. The license, which expires on April 11, replaces and supersedes a similar 30-day sanctions waiver …
US Issues New 30-Day Waiver for Sale of Russian Oil, Adding Cuba, N.Korea Exceptions Read More »
(Reuters) – Goldman Sachs said on Thursday that risks to oil prices remain skewed to the upside both in the near term and into 2027. The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel. Benchmark Brent crude surged above $119 …
Goldman Sachs Flags Upside Risks to Oil Prices in Near Term and Into 2027 Read More »
(Reuters) – U.S. Energy Secretary Chris Wright on Thursday said in a post on X that President Donald Trump’s administration has no plan to implement restrictions on oil and gas exports. Reporting by Bhargav Acharya; Writing by Daphne Psaledakis; Editing by Ryan Patrick Jones
(Reuters) – Iranian attacks have knocked out 17% of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy’s CEO told Reuters on Thursday. Saad al-Kaabi said two of Qatar’s 14 LNG trains and one of its two gas-to-liquids (GTL) facilities …
(Reuters) – German Finance Minister Lars Klingbeil is examining additional ways to relieve consumers from rising fuel prices due to the Iran war, including introducing a windfall tax on oil companies, his ministry said on Thursday. The money gained from the tax could be used to finance an increase in the commuter allowance, for example, …
German Minister Eyes Windfall Tax on Oil Firms to Ease High Energy Costs Read More »
(Reuters) – The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday. “In the coming days, we may unsanction the Iranian oil that’s on the water. It’s about 140 million barrels,” Bessent told Fox Business …
US May Remove Sanctions on Iranian Oil Stranded in Tankers, Bessent Says Read More »
(Reuters) – Leading nations in Europe said in a joint statement with Japan on Thursday they would take steps to stabilise energy markets and were ready to join “appropriate efforts” to ensure safe passage through the Strait of Hormuz. The statement from Britain, France, Germany, Italy, the Netherlands and Japan, condemned attacks by Iran and …
European Countries and Japan: Ready to Help on Hormuz, Stabilise Energy Markets Read More »
(Reuters) – Israel’s attack on an Iranian gas field on Wednesday was coordinated with the United States but is not likely to be repeated, three Israeli officials said, despite President Donald Trump saying he did not know about it in advance. The attack on Iran’s South Pars gas field drew an Iranian aerial assault on …
Despite Trump Remarks, Israeli Officials Say US Knew of Strike on Iran Gas Field Read More »
