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US Not Engaged in Any Talks About New Oil Stocks Release, Official Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The United States is not engaged in any discussions to release additional crude oil from strategic stockpiles, an Energy Department official said on Thursday. The International Energy Agency has said it is considering another coordinated release to address supply disruptions stemming from the war in Iran, after its ⁠members in March agreed to …

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Microsoft in Talks With Chevron, Engine No. 1 Over $7 Billion Texas Power Plant

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

By David Carnevali and Kevin Crowley Microsoft Corp. is in exclusive talks with Chevron Corp. and investment fund Engine No. 1 over a long-term deal that would underpin a giant power plant in West Texas, providing electricity to a large data center campus. The proposed natural-gas fired power plant is projected to cost about $7 …

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First LNG Ship to Attempt Hormuz Exit Isn’t Carrying a Cargo

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

By Sing Yee Ong and Weilun Soon A liquefied natural gas tanker has entered the Strait of Hormuz, and if it successfully navigates the waterway would become the first such vessel to pass through the strait since the start of the war. The Sohar LNG tanker, which appears not to be loaded with cargo, is …

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UK to Host Talks With 35 Countries on Reopening Strait of Hormuz

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

Summary US will not be involved in talks Vital oil route effectively shut as Iran war rages Countries seek ways to reopen waterway after ceasefire (Reuters) – Britain will host talks ​on Thursday aimed at forming a coalition of countries to explore ways to reopen ‌the Strait of Hormuz after U.S. President Donald Trump said securing the …

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Takeaways From Trump’s speech on Iran

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

President Donald Trump staunchly defended his handling of the month-old, U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats to bomb the Islamic Republic back to the Stone Age. He delivered his 19-minute speech against a backdrop of high …

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OPEC+ Likely to Weigh Further Oil Output Hike on Sunday, Sources Say  

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

(Reuters) – OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of ​Hormuz – the world’s most important oil route, currently shut by the U.S.-Israeli war with Iran – reopen. …

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Venezuela’s Oil Exports Surpassed 1 Million Bpd for the First in 6 months, Shipping Data Shows

CDN and International News, Latest, Oil / By

Reuters Venezuela’s monthly oil exports surpassed 1 million barrels per day in March for the first time since September, with sales to refiners in India and shipments by trading houses to the Caribbean for storage pushing up volumes, according to ship-tracking data. The OPEC country’s oil sales have been rising since Caracas and Washington in …

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Oil Prices Jump Over 7% After Trump Says Attacks on Iran Will Continue

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

Summary Brent, WTI set for biggest absolute, percentage jumps in 3 weeks Trump speech did not clarify when Hormuz might reopen (Reuters) – Oil prices ‌climbed nearly 7% on Thursday after President Donald Trump said the U.S. would continue attacks on Iran, stoking fears of prolonged disruptions to oil supply. Brent crude futures were up $7.65, …

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US LNG Exports Break Record High as Middle East War Disrupts Global Supply

Conventional Energy, Latest, LNG, US News / By

(Reuters) – U.S. exports of liquefied natural gas rose to an all-time high in March as plants ran above nameplate capacity and new units started up, preliminary data from financial firm LSEG showed. Shipments to Asia more than doubled from the previous month amid the ongoing conflict in the Middle East that has roiled energy …

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