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Cuban Power Grid Collapses for Second Time in a Week Amid US Oil Blockade

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

Cuba’s national electric grid collapsed on Saturday for the second time in a week amid the U.S.-imposed oil blockade, officials announced, as the communist government struggles to keep the lights on for its 10 million people with decrepit infrastructure. “At 18:32 (2232 GMT), a total disconnection of the National Electric Power System occurred. We will …

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Oil Prices Set to Rise Further on Monday as Mideast War Escalates

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

Oil prices look set to rise further on Monday, having closed before the weekend at their highest in nearly four years, after U.S. and Iranian threats to target energy facilities, analysts said on Sunday. U.S. President Donald Trump on Saturday threatened to “obliterate” Iran’s power plants if Tehran did not fully reopen the Strait of …

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EU Urges Members to Cut Gas-Storage Targets Due to Iran War, FT Reports

Conventional Energy, Latest, Natural Gas / By

The EU has urged member states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, as energy prices spike during the U.S.-Israeli war on Iran, the Financial Times reported on Saturday.Energy Commissioner Dan Jorgensen instructed member states to lower the filling target for their gas storage facilities to 80% of capacity, …

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US Allows 30-Day Sale of Iran Oil at Sea in Bid to Tame Prices

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

  The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli war on Iran. The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure …

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US Loans 45.2 Million Barrels of Strategic Reserve Oil in First Batch Since Iran War

Conventional Energy, Latest, Oil, US News / By

The U.S. Energy Department said it had awarded contracts to loan 45.2 million barrels of crude oil from the Strategic Petroleum Reserve as of Friday. Companies that have been awarded the SPR contracts include BP Products North America, Gunvor USA, Marathon Petroleum and Shell Trading, the Energy Department said in a statement. The Trump administration is loaning …

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Panama Canal Operating at Top Capacity as Iran War Triggers More LNG Vessel Traffic, Chief Says

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

The Panama Canal is operating at top capacity with a daily passage of between 36 and 38 vessels, the waterway’s chief Ricaurte Vasquez told reporters on Friday, adding that the Iran war is boosting demand by owners and operators of liquefied natural gas tankers, particularly those loading at U.S. ports.The world’s second busiest waterway, which …

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Qatar’s Energy Boss Says He Had Warned of Dangers of Provoking Iran

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By Maha El Dahan, Andrew Mills and Yousef Saba QatarEnergy boss says he warned US energy secretary and executives Says earlier evacuation meant pulling out 10,000 workers in 24 hours Says North Field expansion could be delayed by more than a year Says difficult to describe how he feels after Iran attack DUBAI, March 20 …

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Oil Jumps to Highest Settlement Since July 2022 as More Mideast Supply Disrupted

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

By Georgina Mccartney US deploys more troops to Middle East, Trump comments on Iran Iraq declares force majeure on some oilfields Strait of Hormuz disruptions keep oil prices high, analysts say HOUSTON, March 20 (Reuters) – Oil prices jumped on Friday and settled at their highest in nearly four years, as Iraq declared force majeure …

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Iraq Declares Force Majeure on Foreign-Operated Oilfields Over Hormuz Disruption, Sources Say

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

(Reuters) – Iraq has declared force majeure on all oilfields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country’s crude exports from moving, oil ministry sources said. Reporting by Aref Mohammed and Ahmed Rasheed, Editing by Louise Heavens

CERAWeek Energy Conference Returns to Houston as Iran Conflict Rocks Global Energy Markets

Latest, US News / By

(Reuters) – The world’s top energy executives return to Houston next week as the escalating U.S.-Israeli war on Iran has become a nightmare for energy markets, as unprecedented attacks on infrastructure and shipping disruptions sent global oil prices soaring while governments scrambled to fight inflation and avoid recessions. Global oil prices jumped this week, hitting …

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